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.
FAQ
What is the main content of Kuenteh's announcement?
The non-compete restriction for Vice President He Zongxue, the financial officer of subsidiary Global Shopping Center, has been lifted.
When did this restriction removal become effective?
It became effective from the period when Vice President He Zongxue served as the financial officer of the company.
How was this decision made?
It was approved by unanimous consent of all attending directors.