Li Ming Announces 115th Annual Shareholders' Meeting Resolution to Lift Directors' Non-Compete Restrictions
Key facts
- Li Ming Announces 115th Annual Shareholders' Meeting Resolution to Lift Directors' Non-Compete Restrictions
- Li Ming has resolved at its 115th annual shareholders' meeting to lift non-compete restrictions for two directors, allowing them to engage in competing business activities during their tenure, provided such activities do not harm the company's interests.
- Source: PR Times
- Date: June 16, 2026
Direct answer
Li Ming has resolved at its 115th annual shareholders' meeting to lift non-compete restrictions for two directors, allowing them to engage in competing business activities during their tenure, provided such activities do not harm the company's interests.
- Citation
- Li Ming Announces 115th Annual Shareholders' Meeting Resolution to Lift Directors' Non-Compete Restrictions (June 16, 2026), PR Times
- Source
- PR Times
- Date
- June 16, 2026
Li Ming has resolved at its 115th annual shareholders' meeting to lift non-compete restrictions for two directors, allowing them to engage in competing business activities during their tenure, provided such activities do not harm the company's interests.
📋 Article Processing Timeline
- 📰 Published: June 16, 2026 at 09:00
- 🔍 Collected: June 17, 2026 at 17:00 (32h 0m after Published)
- 🤖 AI Analyzed: June 18, 2026 at 17:14 (24h 14m after Collected)
1. Shareholders' Meeting Resolution Date: 115/06/16
2. Names and Titles of Directors Permitted to Engage in Competitive Activities:
Corporate Director: Sun Zhengqiang, Representative of Taifeng Capital Co., Ltd.
Corporate Director: Shen Huicheng, Former Representative of Taifeng Capital Co., Ltd.
3. Scope of Permitted Competitive Activities: Limited to activities that do not harm the company's interests.
4. Duration of Permitted Competitive Activities: During the period of serving as a director of the company.
5. Resolution Outcome (Voting Results under Article 209 of the Company Act):
In accordance with Article 209 of the Company Act, the 115th annual shareholders' meeting held on June 16, 115, approved the lifting of additional restrictions on concurrent positions and competitive activities for the aforementioned directors, provided that such activities do not impair the company's interests.
6. Directors Engaging in Competitive Activities Related to Mainland China-Based Businesses (Enter 'Not Applicable' if not applicable): Not Applicable
7. Company Name and Position Held in the Mainland China-Based Business: Not Applicable
8. Address of the Mainland China-Based Business: Not Applicable
9. Business Scope of the Mainland China-Based Business: Not Applicable
10. Impact on the Company's Financial and Business Operations: None
11. If Directors Have Invested in Mainland China-Based Businesses, Investment Amount and Shareholding Ratio: Not Applicable
12. Other Matters to be Disclosed: None
2. Names and Titles of Directors Permitted to Engage in Competitive Activities:
Corporate Director: Sun Zhengqiang, Representative of Taifeng Capital Co., Ltd.
Corporate Director: Shen Huicheng, Former Representative of Taifeng Capital Co., Ltd.
3. Scope of Permitted Competitive Activities: Limited to activities that do not harm the company's interests.
4. Duration of Permitted Competitive Activities: During the period of serving as a director of the company.
5. Resolution Outcome (Voting Results under Article 209 of the Company Act):
In accordance with Article 209 of the Company Act, the 115th annual shareholders' meeting held on June 16, 115, approved the lifting of additional restrictions on concurrent positions and competitive activities for the aforementioned directors, provided that such activities do not impair the company's interests.
6. Directors Engaging in Competitive Activities Related to Mainland China-Based Businesses (Enter 'Not Applicable' if not applicable): Not Applicable
7. Company Name and Position Held in the Mainland China-Based Business: Not Applicable
8. Address of the Mainland China-Based Business: Not Applicable
9. Business Scope of the Mainland China-Based Business: Not Applicable
10. Impact on the Company's Financial and Business Operations: None
11. If Directors Have Invested in Mainland China-Based Businesses, Investment Amount and Shareholding Ratio: Not Applicable
12. Other Matters to be Disclosed: None
FAQ
What is the legal basis for lifting non-compete restrictions?
Under Article 209 of the Company Act, shareholders can approve directors' competitive activities.
What impact does this resolution have on the company?
No financial or operational impact; aims to enhance governance flexibility.
Does this include concurrent roles in mainland China businesses?
No, the permitted activities do not involve businesses in mainland China.