What is the purpose of Chin Mei's non-compete waiver?

To enhance group management efficiency and decision-making speed by formally allowing cross-directorship in affiliated companies.

Is this decision a risk for investors?

While conflict of interest risks exist, they are considered manageable under current governance and disclosure practices.

Where are Chin Mei's main markets?

Headquartered in Taiwan, manufacturing in mainland China, supplying products to Japan, Europe, the US, and Southeast Asia.

Which mainland China companies is Mr. Lin Ting-Fang involved in?

He serves in five companies: Chin Mei Tat (Wuhan), Suzhou Chin Mei Tat, Tianjin Chin Mei Tat, Suzhou Chin Pao, and Chin Wei (Tianjin).

What was the voting outcome of this resolution?

Approved with 97.84% in favor, indicating strong shareholder support.

Chin Mei Announces Shareholders' Approval of Director's Waiver on Non-Competition Clause

Published Jun 23, 2026 9:00 AM ・ Updated Jun 24, 2026 6:46 PM ・ 8 min read ・ Source: PR Times

At its 115th annual shareholders' meeting, Chin Mei approved a resolution permitting certain directors to engage in competitive business activities, including serving as directors in mainland China-based companies with similar operations. The company stated no financial or operational impact is expected.

1. Shareholders' Meeting Resolution Date: June 23, 115

2. Names and Titles of Directors Permitted to Engage in Competitive Activities: Director: Lin Ting-Fang, Representative of Kun Yuan Development Co., Ltd. Director: He Pei-Fen Director: He Cheng-Yu

3. Approved Competitive Activities: Investing in or operating other companies with business scopes identical or similar to the Company’s, and serving as directors or managers, provided such activities serve the Company’s interests.

4. Duration of Permitted Competitive Activities: During the period of serving as a director of the Company.

5. Voting Results (as required by Article 209 of the Company Act): The resolution was approved by vote. Total voting rights present at the meeting: 246,132,881 In favor: 240,826,774 (97.84%) Against: 282,621 (0.12%) Invalid votes: 0 (0%) Abstentions/Non-votes: 5,023,486 (2.04%)

6. Directors Engaged in Business Operations in Mainland China (Enter 'Not Applicable' if not applicable): Director: Lin Ting-Fang, Representative of Kun Yuan Development Co., Ltd. Director: He Pei-Fen – Not Applicable Director: He Cheng-Yu – Not Applicable

7. Mainland China-Based Companies and Positions Held: Director: Lin Ting-Fang, Representative of Kun Yuan Development Co., Ltd. (1) Chin Mei Tat (Wuhan) Precision Machinery Co., Ltd. – Chairman (2) Suzhou Chin Mei Tat Precision Machinery Co., Ltd. – Director (3) Tianjin Chin Mei Tat Industrial Co., Ltd. – Director (4) Suzhou Chin Pao Precision Machinery Co., Ltd. – Director (5) Chin Wei (Tianjin) Industrial Co., Ltd. – Director

8. Addresses of Mainland China-Based Companies: (1) Chin Mei Tat (Wuhan) Precision Machinery Co., Ltd.: No. 8, Huaiyin Avenue, High-Tech Zone, Xiaogan City, Hubei Province (2) Suzhou Chin Mei Tat Precision Machinery Co., Ltd.: No. 151, Jinfeng Road, Suzhou New District, Suzhou, Jiangsu Province (3) Tianjin Chin Mei Tat Industrial Co., Ltd.: No. 0-10, Tanghan Road, Tanggu Economic & Technological Development Zone, Tianjin, China (4) Suzhou Chin Pao Precision Machinery Co., Ltd.: No. 96, Zhenbei Road, Tong'an Town, Suzhou New District (5) Chin Wei (Tianjin) Industrial Co., Ltd.: No. 55, Guanghua Street, West Zone, Tianjin Economic & Technological Development Zone, China

9. Business Operations of Mainland China-Based Companies: (1) Chin Mei Tat (Wuhan) Precision Machinery Co., Ltd.: R&D, design, manufacturing, sales, and after-sales services for automotive components, agricultural machinery components, construction machinery components, home appliance components, precision casting blanks, molds, and related products (2) Suzhou Chin Mei Tat Precision Machinery Co., Ltd.: R&D, production, processing of cast and forged blanks and other castings for automobiles, motorcycles, machinery, electromechanical, construction hardware, transmission systems; sales of self-produced products and provision of technical and after-sales services (3) Tianjin Chin Mei Tat Industrial Co., Ltd.: Design, development, production, and sales of cast and forged blanks for automobiles and motorcycles, and other cast and forged components for construction, valves, hardware, sports equipment, kitchenware, mechanical and electrical parts, along with consulting services (4) Suzhou Chin Pao Precision Machinery Co., Ltd.: Research, production, and processing of cast and forged blanks and other castings for automobiles and motorcycles; sales of self-produced products and provision of technical and after-sales services (5) Chin Wei (Tianjin) Industrial Co., Ltd.: R&D, production, and sales of precision castings and finished machined products for automotive and electromechanical applications, along with technical and after-sales services

10. Impact on the Company's Financial and Business Operations: None

11. Directors' Investment Amounts and Shareholding Ratios in Mainland China-Based Companies: None

12. Other Matters to be Disclosed: None

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Source: PR Times
Category: News

Chin Mei Announces Shareholders' Approval of Director's Waiver on Non-Competition Clause

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