Sun-One Corp Passes Resolution to Waive Non-Compete Restrictions for Directors at Shareholder Meeting
Sun-One Corp approved the waiver of non-compete restrictions for representatives of Ninghan Enterprise at its shareholder meeting.
📋 Article Processing Timeline
- 📰 Published: May 20, 2026 at 09:00
- 🔍 Collected: May 21, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 21, 2026 at 08:24 (24 min after Collected)
## Announcement: Sun-One Corp Approval of Non-Compete Restriction Waiver for New Directors and Representatives at the 2026 Shareholder Meeting
1. Shareholder Meeting Date: May 20, 2026
2. Names and Titles of Directors Authorized to Engage in Competitive Activities:
- Director / Representative of Ninghan Enterprise Co., Ltd.: Sun, Ching-Yuan
- Director / Representative of Ninghan Enterprise Co., Ltd.: Sun, Chi-Chih
- Director / Representative of Ninghan Enterprise Co., Ltd.: Sun, Chi-Fa
3. Permitted Competitive Activities: Investment or management of other companies with the same or similar business scope as our company, including acting as a director or manager.
4. Duration of Permission: During their tenure as directors of our company.
5. Resolution Status: Approved by over half of the votes cast by shareholders representing over two-thirds of the issued shares.
6. Directors Engaged in Mainland China Operations: Sun, Ching-Yuan, Sun, Chi-Chih, Sun, Chi-Fa.
7. Titles held in mainland China subsidiaries:
- Sun, Ching-Yuan: Chairman of Zhangjiagang Yueyang Industrial Co., Ltd.; Director of Shanghai Liansheng Chemical Co., Ltd.; Director of Shanghai Haosheng Chemical Technology Co., Ltd.
- Sun, Chi-Chih: Director of Zhangjiagang Yueyang Industrial Co., Ltd.; Director of Shanghai Liansheng Chemical Co., Ltd.; Director of Shanghai Haosheng Chemical Technology Co., Ltd.
- Sun, Chi-Fa: Director of Zhangjiagang Yueyang Industrial Co., Ltd.; Director of Shanghai Liansheng Chemical Co., Ltd.; Director of Shanghai Haosheng Chemical Technology Co., Ltd.
8. Locations of mainland China operations:
- Zhangjiagang Yueyang Industrial: Sanxing Yongwei Village, Jinfeng Town, Zhangjiagang City, Jiangsu Province, China
- Shanghai Liansheng Chemical: No. 1395, Shangchuan Road, Yilu Town, Pudong New Area, Shanghai
- Shanghai Haosheng Chemical Technology: No. 89, Jin’ou Road, Jinshan Second Industrial Zone, Shanghai
9. Business scope of mainland China operations:
- Zhangjiagang Yueyang Industrial: Loading, storage, manufacturing, and sale of chemical products
- Shanghai Liansheng Chemical: Production and sale of polyethylene oxide (PEO) and warehousing services
- Shanghai Haosheng Chemical Technology: Production and after-sales service of PEO and catalysts
10. Impact on our financial/business operations: None.
11. Investment amount and equity stake in mainland China subsidiaries: None.
12. Other matters: None.
1. Shareholder Meeting Date: May 20, 2026
2. Names and Titles of Directors Authorized to Engage in Competitive Activities:
- Director / Representative of Ninghan Enterprise Co., Ltd.: Sun, Ching-Yuan
- Director / Representative of Ninghan Enterprise Co., Ltd.: Sun, Chi-Chih
- Director / Representative of Ninghan Enterprise Co., Ltd.: Sun, Chi-Fa
3. Permitted Competitive Activities: Investment or management of other companies with the same or similar business scope as our company, including acting as a director or manager.
4. Duration of Permission: During their tenure as directors of our company.
5. Resolution Status: Approved by over half of the votes cast by shareholders representing over two-thirds of the issued shares.
6. Directors Engaged in Mainland China Operations: Sun, Ching-Yuan, Sun, Chi-Chih, Sun, Chi-Fa.
7. Titles held in mainland China subsidiaries:
- Sun, Ching-Yuan: Chairman of Zhangjiagang Yueyang Industrial Co., Ltd.; Director of Shanghai Liansheng Chemical Co., Ltd.; Director of Shanghai Haosheng Chemical Technology Co., Ltd.
- Sun, Chi-Chih: Director of Zhangjiagang Yueyang Industrial Co., Ltd.; Director of Shanghai Liansheng Chemical Co., Ltd.; Director of Shanghai Haosheng Chemical Technology Co., Ltd.
- Sun, Chi-Fa: Director of Zhangjiagang Yueyang Industrial Co., Ltd.; Director of Shanghai Liansheng Chemical Co., Ltd.; Director of Shanghai Haosheng Chemical Technology Co., Ltd.
8. Locations of mainland China operations:
- Zhangjiagang Yueyang Industrial: Sanxing Yongwei Village, Jinfeng Town, Zhangjiagang City, Jiangsu Province, China
- Shanghai Liansheng Chemical: No. 1395, Shangchuan Road, Yilu Town, Pudong New Area, Shanghai
- Shanghai Haosheng Chemical Technology: No. 89, Jin’ou Road, Jinshan Second Industrial Zone, Shanghai
9. Business scope of mainland China operations:
- Zhangjiagang Yueyang Industrial: Loading, storage, manufacturing, and sale of chemical products
- Shanghai Liansheng Chemical: Production and sale of polyethylene oxide (PEO) and warehousing services
- Shanghai Haosheng Chemical Technology: Production and after-sales service of PEO and catalysts
10. Impact on our financial/business operations: None.
11. Investment amount and equity stake in mainland China subsidiaries: None.
12. Other matters: None.
FAQ
Why was this waiver necessary?
It allows directors to serve in management roles within related entities to facilitate group operations.
How long is this permission valid?
It remains valid for the duration of the director's term of office.
What is the specific nature of the business?
The activities include manufacturing, distribution, warehousing, and catalysts for chemical products.