[BES] Board of Directors approves waiver of non-compete for manager
Key facts
- [BES] Board of Directors approves waiver of non-compete for manager
- BES Engineering (中工) board approved a waiver of non-compete clauses for GM Feng Tun-cheng to hold concurrent roles at Hezhou Construction and Changsha Jishun Real Estate Development.
- Source: PR Times
- Date: May 21, 2026
Direct answer
BES Engineering (中工) board approved a waiver of non-compete clauses for GM Feng Tun-cheng to hold concurrent roles at Hezhou Construction and Changsha Jishun Real Estate Development.
- Citation
- [BES] Board of Directors approves waiver of non-compete for manager (May 21, 2026), PR Times
- Source
- PR Times
- Date
- May 21, 2026
BES Engineering (中工) board approved a waiver of non-compete clauses for GM Feng Tun-cheng to hold concurrent roles at Hezhou Construction and Changsha Jishun Real Estate Development.
📋 Article Processing Timeline
- 📰 Published: May 21, 2026 at 09:00
- 🔍 Collected: May 22, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 22, 2026 at 11:00 (2h 59m after Collected)
1. Date of Board resolution: May 21, 2026 (115/05/21)
2. Name and title of manager permitted to engage in competitive behavior: Feng Tun-cheng / General Manager
3. Items of competitive behavior permitted:
(1) Chairman and General Manager of Hezhou Construction Co., Ltd.
(2) General Manager of Changsha Jishun Real Estate Development Co., Ltd.
4. Period of permitted competitive behavior: During the term of office as General Manager of this company
5. Resolution result: Approved by all attending directors
6. Name and title of manager if the competitive behavior involves mainland China operations: Feng Tun-cheng / General Manager
7. Name and position held in the mainland China enterprise: Changsha Jishun Real Estate Development Co., Ltd. / General Manager
8. Address of the mainland China enterprise: Room 101, Building 2, Jishun Meiyuan, No. 119, Xianjiahu West Road, Yuelu District, Changsha City
9. Business scope of the mainland China enterprise: Real estate development
10. Impact on company financials/operations: None
11. Investment amount and shareholding ratio in the mainland China enterprise: None
12. Other matters: None
2. Name and title of manager permitted to engage in competitive behavior: Feng Tun-cheng / General Manager
3. Items of competitive behavior permitted:
(1) Chairman and General Manager of Hezhou Construction Co., Ltd.
(2) General Manager of Changsha Jishun Real Estate Development Co., Ltd.
4. Period of permitted competitive behavior: During the term of office as General Manager of this company
5. Resolution result: Approved by all attending directors
6. Name and title of manager if the competitive behavior involves mainland China operations: Feng Tun-cheng / General Manager
7. Name and position held in the mainland China enterprise: Changsha Jishun Real Estate Development Co., Ltd. / General Manager
8. Address of the mainland China enterprise: Room 101, Building 2, Jishun Meiyuan, No. 119, Xianjiahu West Road, Yuelu District, Changsha City
9. Business scope of the mainland China enterprise: Real estate development
10. Impact on company financials/operations: None
11. Investment amount and shareholding ratio in the mainland China enterprise: None
12. Other matters: None
FAQ
Who is the subject of the non-compete exemption by China Engineering (CE)?
Feng Duncheng, who serves as the General Manager of China Engineering.
What specific positions are allowed under the non-compete exemption?
Chairman and General Manager of Hozhou Construction Co., Ltd., and General Manager of Changsha Jishun Real Estate Development Co., Ltd.
When is the period of this non-compete exemption valid?
It is only valid during the tenure of Feng Duncheng as the General Manager of China Engineering.
Will this decision have any financial impact on China Engineering?
China Engineering states that there will be no impact on the company's finances or operations.
What is the investment situation regarding the business in China?
The investment amount and shareholding ratio in the mainland business (Changsha Jishun Real Estate Development Co., Ltd.) are reported as 'none'.