[He-Chuan] The company's 115th Annual General Meeting approved the lifting of non-compete restrictions for directors.
He-Chuan Technology approved the lifting of non-compete restrictions for its newly elected directors at the annual general meeting on May 29, 115. This allows directors such as Zhang Yisheng, Cheng Tianzong, and Zhu Jilong to invest in or manage businesses similar to the company's operations during their tenure. The company assessed that there is no material impact on its financial operations despite the directors' involvement in mainland China businesses.
📋 Article Processing Timeline
- 📰 Published: May 29, 2026 at 09:00
- 🔍 Collected: May 30, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 31, 2026 at 18:26 (34h 26m after Collected)
1. Date of resolution: 115/05/29. 2. Names and titles of directors permitted to engage in competitive behavior: (1) Director: Zhang Yisheng. (2) Director: Cheng Tianzong. (3) Representative of He-Chuan Marketing Consultant Co., Ltd.: Zhu Jilong. (4) Director: Li Zhengmo. (5) Independent Director: Liu Guanting. (6) Independent Director: Li Guoyu. (7) Independent Director: Zhang Lanxin. 3. Scope of permitted competitive behavior: Investing in or operating companies with the same or similar business scope. 4. Duration: During the term of office. 5. Resolution status: Approved by the shareholders' meeting. 6. Directors involved in mainland China businesses: (1) Zhang Yisheng. (2) Zhu Jilong. 7. Names and positions in mainland China: (1) Zhang Yisheng: Chairman of He-Chuan Automation (Shanghai) and Kunshan Yichun Industrial Technology. (2) Zhu Jilong: General Manager of He-Chuan Automation (Shanghai) and Kunshan Yichun Industrial Technology. 8. Addresses: (1) Shanghai Free Trade Zone, Taigu Road No. 2. (2) Kunshan City, Huaqiao Town, Jimingtang South Road No. 936. 9. Business scope in mainland China: (1) International trade, machinery assembly, PCB cutting machines. (2) Electronic equipment and hardware components. 10. Financial impact: None. 11. Investment amount: None. 12. Other: None.
FAQ
What is a non-compete clause?
A restriction preventing directors from engaging in businesses that compete with the company.
Why lift it?
To allow directors to hold concurrent roles in affiliated companies.
Is there a financial impact?
The company stated there is no material impact.
Who is affected?
The newly elected board members.
When was this decided?
At the annual general meeting on May 29, 115.