[Ho Tung] Resolution of the 2026 Annual General Meeting of Shareholders regarding the waiver of non-compete restrictions for new directors

May 27, 2026

Key facts

[Ho Tung] Resolution of the 2026 Annual General Meeting of Shareholders regarding the waiver of non-compete restrictions for new directors
Ho Tung Chemical held its 2026 Annual General Meeting on May 27, approving the waiver of non-compete restrictions for newly appointed directors. The directors involved, including Chang Li-chiu, Chen Yi-hsiung, Chen Wei-yu, Chu Li-ling, Chen Yi-ju, Wang Ke-shun, and Shih Kuo-jung, hold multiple positions across various affiliated companies. This resolution permits them to engage in activities that may compete with Ho Tung during their tenure. Detailed disclosures regarding their business activities in mainland China were also provided.
Source: PR Times
Date: May 27, 2026

Direct answer

Ho Tung Chemical held its 2026 Annual General Meeting on May 27, approving the waiver of non-compete restrictions for newly appointed directors. The directors involved, including Chang Li-chiu, Chen Yi-hsiung, Chen Wei-yu, Chu Li-ling, Chen Yi-ju, Wang Ke-shun, and Shih Kuo-jung, hold multiple positions across various affiliated companies. This resolution permits them to engage in activities that may compete with Ho Tung during their tenure. Detailed disclosures regarding their business activities in mainland China were also provided.

Citation: [Ho Tung] Resolution of the 2026 Annual General Meeting of Shareholders regarding the waiver of non-compete restrictions for new directors (May 27, 2026), PR Times
Source: PR Times
Date: May 27, 2026

Ho Tung Chemical held its 2026 Annual General Meeting on May 27, approving the waiver of non-compete restrictions for newly appointed directors. The directors involved, including Chang Li-chiu, Chen Yi-hsiung, Chen Wei-yu, Chu Li-ling, Chen Yi-ju, Wang Ke-shun, and Shih Kuo-jung, hold multiple positions across various affiliated companies. This resolution permits them to engage in activities that may compete with Ho Tung during their tenure. Detailed disclosures regarding their business activities in mainland China were also provided.

businessNQ 47/100出典：PR Times

📋 Article Processing Timeline

📰 Published: May 27, 2026 at 09:00
🔍 Collected: May 28, 2026 at 08:00 (23h 0m after Published)
🤖 AI Analyzed: May 31, 2026 at 18:53 (82h 53m after Collected)

1. Date of Shareholders' Meeting: May 27, 2026
2. Names and titles of directors permitted to engage in competitive activities: (List of directors including Chang Li-chiu, Chen Wei-yu, Chen Yi-ju, etc., and their respective roles in affiliated companies such as Ho Tung Cement, Sheng Tai Petroleum, and various chemical subsidiaries in China).
3. Items of competitive activities: Companies with the same or similar business scope as the Company.
4. Duration: During the term of office as a director of the Company.
5. Resolution status: Approved in accordance with Article 209 of the Company Act.
6. Directors involved in mainland China business: Chen Wei-yu and Chen Yi-ju.
7. Names and positions in mainland China: (Detailed list of subsidiaries in Nanjing, Huizhou, etc.).
8. Addresses of mainland China businesses: (List of addresses in Nanjing, Meishan, Ma'anshan, Guangzhou, Huizhou, Tianjin, Shanghai, Beijing, and Xiamen).
9. Business scope in mainland China: Production and sales of linear alkylbenzene, sulfonic acid, surfactants, oil trading, and chemical wholesale.
10. Impact on financial and business operations: The company is an investee of the Company.
11. Investment amount and shareholding ratio: None.
12. Other matters: None.

FAQ

Why is a non-compete waiver required?

Under Article 209 of the Company Act, directors must obtain shareholder approval to hold positions in competing companies.

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