[Chung Hung] Shareholders' Meeting Resolution on Director Competitive Activities
Chung Hung Steel held its annual general meeting on May 22, 2026, where shareholders approved competitive activities for directors Zhu Min and Huang Kun-bin. Zhu Min is permitted to serve as a supervisor at Pacific Marine Cargo Services, and Huang Kun-bin is permitted to serve as a director at Chung Yu Environmental Engineering. This resolution complies with the Company Act and has no impact on company financials.
📋 Article Processing Timeline
- 📰 Published: May 22, 2026 at 09:00
- 🔍 Collected: May 23, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 24, 2026 at 08:55 (24h 55m after Collected)
1. Date of Shareholders' Meeting Resolution: 115/05/22 (2026/05/22)
2. Names and titles of directors permitted to engage in competitive activities:
(1) Zhu Min, Director of the Company.
(2) Huang Kun-bin, Director of the Company.
3. Scope of permitted competitive activities:
(1) Zhu Min: Supervisor of Pacific Marine Cargo Services Co., Ltd.
(2) Huang Kun-bin: Director of Chung Yu Environmental Engineering Co., Ltd.
4. Duration of permission: During the tenure as a director of the Company.
5. Resolution status (pursuant to Article 209 of the Company Act):
Passed by a vote of two-thirds or more of the voting rights of shareholders present at a meeting attended by shareholders representing a majority of the total issued shares.
6. Whether the permitted competitive activity involves business in Mainland China:
(Not applicable as it is not a Mainland China business): Not applicable.
7. Name and position held in the Mainland China business: Not applicable.
8. Address of the Mainland China business: Not applicable.
9. Business items of the Mainland China business: Not applicable.
10. Impact on the Company's financial and business operations: None.
11. Investment amount and shareholding ratio in the Mainland China business: None.
12. Other matters to be noted: None.
2. Names and titles of directors permitted to engage in competitive activities:
(1) Zhu Min, Director of the Company.
(2) Huang Kun-bin, Director of the Company.
3. Scope of permitted competitive activities:
(1) Zhu Min: Supervisor of Pacific Marine Cargo Services Co., Ltd.
(2) Huang Kun-bin: Director of Chung Yu Environmental Engineering Co., Ltd.
4. Duration of permission: During the tenure as a director of the Company.
5. Resolution status (pursuant to Article 209 of the Company Act):
Passed by a vote of two-thirds or more of the voting rights of shareholders present at a meeting attended by shareholders representing a majority of the total issued shares.
6. Whether the permitted competitive activity involves business in Mainland China:
(Not applicable as it is not a Mainland China business): Not applicable.
7. Name and position held in the Mainland China business: Not applicable.
8. Address of the Mainland China business: Not applicable.
9. Business items of the Mainland China business: Not applicable.
10. Impact on the Company's financial and business operations: None.
11. Investment amount and shareholding ratio in the Mainland China business: None.
12. Other matters to be noted: None.
FAQ
What is permission for competitive activities?
It refers to obtaining shareholder approval to waive the non-compete obligation for directors who serve on the boards of other competing companies.
Why is this disclosure necessary?
Under Taiwan's Company Act, shareholder approval and public disclosure are required when directors engage in competitive activities.
How should investors interpret this announcement?
It is a standard legal compliance procedure, confirming that such roles have been formally reviewed by the shareholders.