Golden Development: Announces Board Resolution by Subsidiary Global Mall Co., Ltd. to Lift Manager's Non-Compete Restriction
Golden Development announced that its board has approved lifting the non-compete restriction for Mr. He Zong-xue, the accounting manager at its subsidiary, Global Mall. This allows him to engage in competitive activities while serving as manager.
📋 Article Processing Timeline
- 📰 Published: April 7, 2026 at 09:00
- 🔍 Collected: April 8, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: April 19, 2026 at 04:34 (260h 34m after Collected)
1. Board Resolution Date: April 7, 2026.
2. Name and Title of Manager Permitted to Engage in Non-Compete Business: He Zong-xue, Assistant Vice President.
3. Scope of Permitted Non-Compete Business:
Assistant Vice President at Golden Development Construction Co., Ltd.
4. Permitted Period for Non-Compete Business: During the tenure as manager of this company.
5. Resolution Details (Please explain the voting results according to Article 32 of the Company Act): Unanimously approved by all attending directors.
6. If the permitted non-compete business is operated by an entity in mainland China, the name and title of the manager (For non-mainland China entities, please enter "Not Applicable"): Not Applicable.
7. Company Name and Position in the Mainland China Entity (if applicable): Not Applicable.
8. Address of the Mainland China Entity (if applicable): Not Applicable.
9. Business Scope of the Mainland China Entity (if applicable): Not Applicable.
10. Impact on the Company's Financial and Business Operations: None.
11. If the manager has invested in the mainland China entity, state the investment amount and shareholding ratio: Not Applicable.
12. Other Matters to be Disclosed: None.
2. Name and Title of Manager Permitted to Engage in Non-Compete Business: He Zong-xue, Assistant Vice President.
3. Scope of Permitted Non-Compete Business:
Assistant Vice President at Golden Development Construction Co., Ltd.
4. Permitted Period for Non-Compete Business: During the tenure as manager of this company.
5. Resolution Details (Please explain the voting results according to Article 32 of the Company Act): Unanimously approved by all attending directors.
6. If the permitted non-compete business is operated by an entity in mainland China, the name and title of the manager (For non-mainland China entities, please enter "Not Applicable"): Not Applicable.
7. Company Name and Position in the Mainland China Entity (if applicable): Not Applicable.
8. Address of the Mainland China Entity (if applicable): Not Applicable.
9. Business Scope of the Mainland China Entity (if applicable): Not Applicable.
10. Impact on the Company's Financial and Business Operations: None.
11. If the manager has invested in the mainland China entity, state the investment amount and shareholding ratio: Not Applicable.
12. Other Matters to be Disclosed: None.