[Hotai Motor] Announcement by subsidiary Ho Chin Enterprise Co., Ltd. regarding shareholders'' meeting resolution on director''s non-compete restriction
Hotai Motor''s subsidiary, Ho Chin Enterprise, announced that its shareholders'' meeting resolved to permit directors Chen Chien-Chou and Lin Yen-Liang to concurrently hold positions in businesses similar to the company''s scope of operations during their tenure, due to business needs. Director Chen Chien-Chou is also permitted to serve as a director of Hotai International Financial Leasing Co., Ltd. in Shanghai, which engages in financial leasing, automobile leasing, and other related services. This competitive activity has no impact on the company''s financial and business operations.
📋 Article Processing Timeline
- 📰 Published: May 6, 2026 at 09:00
- 🔍 Collected: May 7, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 7, 2026 at 09:11 (1h 11m after Collected)
1. Date of Shareholders'' Meeting Resolution: 2026/05/06
2. Names and titles of directors permitted to engage in competitive activities: Director Chen Chien-Chou, Director Lin Yen-Liang
3. Items of competitive activities permitted: Due to business needs, simultaneously holding positions in businesses similar to the company''s scope of operations.
4. Period of competitive activities permitted: During the term of office as a director of the company.
5. Resolution status (Please explain voting results according to Article 209 of the Company Act): Passed unanimously by all attending shareholders after inquiry by the chairman.
6. If the permitted competitive activity involves a business in mainland China, name and title of the director (If not a business in mainland China, please enter N/A below): Director Chen Chien-Chou
7. Name and position in the mainland China business: Director of Hotai International Financial Leasing Co., Ltd.
8. Address of the mainland China business: Block D, 9th Floor, No. 427 Nujiang North Road, Putuo District, Shanghai
9. Business scope of the mainland China business: Financial leasing, automobile leasing, wholesale, retail, and support services.
10. Impact on the company''s financial and business operations: No impact.
11. If the director has invested in the mainland China business, investment amount and shareholding ratio: N/A
12. Other matters to be specified: None.
2. Names and titles of directors permitted to engage in competitive activities: Director Chen Chien-Chou, Director Lin Yen-Liang
3. Items of competitive activities permitted: Due to business needs, simultaneously holding positions in businesses similar to the company''s scope of operations.
4. Period of competitive activities permitted: During the term of office as a director of the company.
5. Resolution status (Please explain voting results according to Article 209 of the Company Act): Passed unanimously by all attending shareholders after inquiry by the chairman.
6. If the permitted competitive activity involves a business in mainland China, name and title of the director (If not a business in mainland China, please enter N/A below): Director Chen Chien-Chou
7. Name and position in the mainland China business: Director of Hotai International Financial Leasing Co., Ltd.
8. Address of the mainland China business: Block D, 9th Floor, No. 427 Nujiang North Road, Putuo District, Shanghai
9. Business scope of the mainland China business: Financial leasing, automobile leasing, wholesale, retail, and support services.
10. Impact on the company''s financial and business operations: No impact.
11. If the director has invested in the mainland China business, investment amount and shareholding ratio: N/A
12. Other matters to be specified: None.