What was resolved at FSP Group's shareholders' meeting?

The resolution lifts non-competition restrictions, allowing directors to concurrently serve in mainland China affiliates.

What activities are permitted under the resolution?

Holding concurrent roles in companies engaged in similar power supply businesses.

Which mainland China affiliates are involved?

Wuxi FSP, Shenzhen Zhong Han, and other power supply manufacturing firms.

Will this resolution affect FSP's financial performance?

No adverse impact is expected as the firms are either subsidiaries or non-competitive.

FSP Group Announces Shareholders' Meeting Resolution to Lift Non-Competition Restrictions for Newly Appointed Directors

Q: Who are the directors permitted to engage in competitive activities?

Nine directors including Chairman Cheng Ya-Jen and four independent directors.

Published Jun 11, 2026 9:00 AM ・ Updated Jun 14, 2026 12:07 AM ・ 9 min read ・ Source: PR Times

FSP Group's shareholders approved lifting non-competition restrictions for several directors, allowing them to hold concurrent positions in mainland China-based affiliated companies engaged in similar power supply businesses.

1. Shareholders' Meeting Resolution Date: 115/06/11

2. Names and Titles of Directors Permitted to Engage in Competitive Activities: Cheng, Ya-Jen / Chairman Yang, Fu-An / Director Chuan Han Investment Co., Ltd. Representative: Wang, Tsung-Shun / Director 2K INDUSTRIES INC. (BVI) Representative: Wang, Po-Wen / Director Bai Chuang Investment Co., Ltd. Representative: Chen, Kuang-Chun / Director Huang, Yu-Ying / Director Chu, Hsiu-Ying / Director Liu, Shou-Hsiang / Independent Director Hsu, Cheng-Hung / Independent Director Lee, Shao-Tang / Independent Director Shou, Chin-Wei / Independent Director

3. Scope of Permitted Competitive Activities: Engaging in businesses identical or similar to the company’s operations through concurrent positions at other companies

4. Duration of Permitted Competitive Activities: Throughout the term of serving as a director of the company

5. Resolution Outcome (Voting Results per Article 209 of the Company Act): The proposal was approved by vote as submitted. Voting Results: In favor: 122,991,851 votes (98.29% of total voting rights present) Against: 103,671 votes (0.08%) Abstentions/Non-votes: 2,028,813 votes (1.62%)

6. Directors Engaged in Competitive Activities with Mainland China-Based Enterprises (Enter 'Not Applicable' if none): Cheng, Ya-Jen / Chairman Chuan Han Investment Co., Ltd. Representative: Wang, Tsung-Shun / Director Yang, Fu-An / Director

7. Mainland China-Based Enterprises and Positions Held: Wuxi FSP Technology Co., Ltd.: Cheng, Ya-Jen (Director), Wang, Tsung-Shun (Representative), Yang, Fu-An (Director) Wuxi Zhong Han Technology Co., Ltd.: Cheng, Ya-Jen (Director), Wang, Tsung-Shun (Director), Yang, Fu-An (Director) Shenzhen Zhong Han Technology Co., Ltd.: Cheng, Ya-Jen (Director), Wang, Tsung-Shun (Director), Yang, Fu-An (Director) Jiangsu FSP Electric Power Technology R&D Co., Ltd.: Cheng, Ya-Jen (Director), Yang, Fu-An (Director) Hao Han Electronics Technology (Ji’an) Co., Ltd.: Cheng, Ya-Jen (Director) Shenzhen Hui Li Electronics Co., Ltd.: Wang, Tsung-Shun (Representative), Yang, Fu-An (Director) Zhong Han Electronics (Shenzhen) Co., Ltd.: Wang, Tsung-Shun (Representative), Yang, Fu-An (Director)

8. Addresses of Mainland China-Based Enterprises: Wuxi FSP Technology Co., Ltd.: Plot 106-D, Wuxi National Hi-Tech Industrial Development Zone Wuxi Zhong Han Technology Co., Ltd.: Plot 106-D, Wuxi National Hi-Tech Industrial Development Zone Shenzhen Zhong Han Technology Co., Ltd.: 19th Floor, Units L-R, Building A, Fortune Plaza, 7060 Shennan Avenue, Futian District, Shenzhen Jiangsu FSP Electric Power Technology R&D Co., Ltd.: No. 96, Xinmei Road, Xinqu District, Wuxi City Hao Han Electronics Technology (Ji’an) Co., Ltd.: Southern End of Shuguang Road, West Zone, Ji’an County Industrial Park, Ji’an City, Jiangxi Province Shenzhen Hui Li Electronics Co., Ltd.: 352 Liutang Road, Buxin Community, Xinnan Subdistrict, Bao’an District, Shenzhen; Hui Li Factory, Building C101–301, C5–C11 Zhong Han Electronics (Shenzhen) Co., Ltd.: Buildings 101 and 4, 6, 7, Plant 4, C Zone, Juyuan Industrial Park, Tangwei Community, Fuhai Subdistrict, Bao’an District, Shenzhen

9. Business Activities of Mainland China-Based Enterprises: Wuxi FSP Technology Co., Ltd.: Power supply manufacturing Wuxi Zhong Han Technology Co., Ltd.: Power supply manufacturing and sales Shenzhen Zhong Han Technology Co., Ltd.: Power supply manufacturing and sales Jiangsu FSP Electric Power Technology R&D Co., Ltd.: Power supply R&D, design, technology transfer, and services Hao Han Electronics Technology (Ji’an) Co., Ltd.: Transformer manufacturing and sales Shenzhen Hui Li Electronics Co., Ltd.: Power supply manufacturing Zhong Han Electronics (Shenzhen) Co., Ltd.: Power supply manufacturing

10. Impact on the Company’s Financial and Business Operations: The enterprises involved are either the company’s investees or have no direct competitive relationship with the company. Therefore, lifting the non-competition restriction on directors will not adversely affect the company.

11. Directors’ Investment Amounts and Shareholding Ratios in Mainland China-Based Enterprises: None

12. Other Matters to Be Disclosed: None

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Source: PR Times
Category: News
Organizations: 2K INDUSTRIES INC.
Dates in source: 115/06/11

FSP Group Announces Shareholders' Meeting Resolution to Lift Non-Competition Restrictions for Newly Appointed Directors

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