[Chin Yi Holding] Announcement of Resolution to Lift Non-Compete Restriction for Company Directors
Key facts
- [Chin Yi Holding] Announcement of Resolution to Lift Non-Compete Restriction for Company Directors
- Chin Yi Holding (Chin Yi Holding) resolved at its 115th shareholders' meeting to lift the non-compete restrictions for its directors. Five directors, including Gu Likai, Cao Xianjin, Feng Changgou, Jiang Zongru, and Lin Guiguang, have been permitted to engage in business activities with companies similar to or the same as the company's business scope, for the duration of their directorship. This resolution was passed with a high approval rate of 97.45% of the voting rights of attending shareholders.
- Source: PR Times
- Date: June 9, 2026
Direct answer
Chin Yi Holding (Chin Yi Holding) resolved at its 115th shareholders' meeting to lift the non-compete restrictions for its directors. Five directors, including Gu Likai, Cao Xianjin, Feng Changgou, Jiang Zongru, and Lin Guiguang, have been permitted to engage in business activities with companies similar to or the same as the company's business scope, for the duration of their directorship. This resolution was passed with a high approval rate of 97.45% of the voting rights of attending shareholders.
- Citation
- [Chin Yi Holding] Announcement of Resolution to Lift Non-Compete Restriction for Company Directors (June 9, 2026), PR Times
- Source
- PR Times
- Date
- June 9, 2026
Chin Yi Holding (Chin Yi Holding) resolved at its 115th shareholders' meeting to lift the non-compete restrictions for its directors. Five directors, including Gu Likai, Cao Xianjin, Feng Changgou, Jiang Zongru, and Lin Guiguang, have been permitted to engage in business activities with companies similar to or the same as the company's business scope, for the duration of their directorship. This resolution was passed with a high approval rate of 97.45% of the voting rights of attending shareholders.
📋 Article Processing Timeline
- 📰 Published: June 9, 2026 at 09:00
- 🔍 Collected: June 10, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: June 12, 2026 at 17:53 (57h 53m after Collected)
2. Names and Titles of Directors Permitted to Engage in Competitive Acts:
Gu Likai: Director of Chin Yi Investment Holding Co., Ltd.
Cao Xianjin: Director of Chin Yi Investment Holding Co., Ltd.
Feng Changgou: Independent Director of Chin Yi Investment Holding Co., Ltd.
Jiang Zongru: Independent Director of Chin Yi Investment Holding Co., Ltd.
Lin Guiguang: Independent Director of Chin Yi Investment Holding Co., Ltd.
3. Items of Competitive Acts Permitted: Companies with the same or similar business scope as the Company.
4. Period for Which Competitive Acts are Permitted: During the term of office as a director of the Company.
5. Resolution Details (Please explain the voting results in accordance with Article 209 of the Company Act):
After voting, this proposal was approved as is. The total voting rights of attending shareholders were 136,860,286, with 133,373,073 votes in favor, representing 97.45% of the total voting rights of attending shareholders. The number of favorable votes exceeded the prescribed amount, and the proposal was approved as is.
6. Names and Titles of Directors if the Permitted Competitive Acts Involve Business Operators in Mainland China (If not involving business operators in Mainland China, please enter "Not Applicable"): Not Applicable
7. Company Name and Position in the Mainland China Business: Not Applicable
8. Address of the Mainland China Business: Not Applicable
9. Business Items of the Mainland China Business: Not Applicable
10. Degree of Impact on the Company's Financial and Business Operations: Not Applicable
11. If Directors Have Investments in the Mainland China Business, Investment Amount and Shareholding Ratio: Not Applicable
12. Other Matters to be Noted: None
FAQ
Why were the non-compete restrictions for Chin Yi Holding's directors lifted?
To better leverage directors' expertise and networks, expand business opportunities, and enhance corporate governance flexibility.
What impact will the lifting of non-compete restrictions have on Chin Yi Holding's business?
It may lead to new business developments and investment opportunities by enabling directors to utilize their diverse experiences and connections.
What impact does this resolution have on corporate governance in Taiwan?
It may encourage a trend towards more flexible corporate governance and a greater emphasis on shareholder dialogue among Taiwanese companies.
Are there any risks associated with lifting the non-compete restrictions?
Potential risks include conflicts of interest and information leakage, which need to be mitigated through appropriate oversight and information management.
What can be inferred about Chin Yi Holding's future strategy from this resolution?
The strategy likely aims to maximize directors' capabilities and pursue aggressive business development to enhance corporate value.