【Hota Motors】Announcement by Subsidiary Hota Property Insurance Co., Ltd. of Resolution Passed at 2026 Annual Shareholders' Meeting to Waive Non-Compete Restrictions for Directors
Hota Property Insurance, a subsidiary of Hota Motors, announced that its shareholders' meeting approved a resolution allowing director Wu Pin-Tsung to engage in competing business activities in numerous automotive sales and service companies in mainland China while serving on the board. This strengthens Hota Group's strategy in the Chinese market.
📋 Article Processing Timeline
- 📰 Published: May 8, 2026 at 09:00
- 🔍 Collected: May 9, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 9, 2026 at 09:18 (1h 18m after Collected)
1. Date of shareholders' meeting resolution: 2026/05/08
2. Name and title of director permitted to engage in competitive activities:
Director: Wu Pin-Tsung; Corporate Representative of Hotai Motor Co., Ltd.
3. Items of competitive activities permitted:
To concurrently serve in businesses of the same type as those listed in the company's business scope due to business needs.
4. Period during which competitive activities are permitted: During the term of office as director of the company.
5. Resolution status (please explain voting results according to Article 209 of the Company Act): Resolution passed by the shareholders' meeting.
6. If the permitted competitive activities involve businesses in mainland China, name and title of the director (if not a mainland China business, please enter "N/A" below): Director Wu Pin-Tsung
7. Name and position of the company in mainland China served:
(1) Supervisor of Shanghai Hotai Toyota Forklift Co., Ltd.
(2) Chairman of Shanghai Heyu Toyota Automobile Service Co., Ltd.
(3) Chairman of Shanghai Hezhan Automobile Service Co., Ltd.
(4) Chairman of Shanghai Heling Automobile Service Co., Ltd.
(5) Chairman of Shanghai Yangpu Heling Lexus Automobile Sales and Service Co., Ltd.
(6) Chairman of Shanghai Jiading Heling Lexus Automobile Service Co., Ltd.
(7) Chairman of Chongqing Heling Lexus Automobile Sales and Service Co., Ltd.
(8) Chairman of Tangshan Heling Lexus Automobile Sales and Service Co., Ltd.
(9) Chairman of Nanchang Heling Lexus Automobile Sales and Service Co., Ltd.
(10) Chairman of Zaozhuang Heyu Toyota Automobile Sales and Service Co., Ltd.
(11) Chairman of Tianjin Heling Lexus Automobile Sales and Service Co., Ltd.
(12) Chairman of Tianjin Hezhan Automobile Service Co., Ltd.
(13) Chairman of Tianjin Heyu Toyota Automobile Sales and Service Co., Ltd.
(14) Chairman of Chongqing Taikang Heling Lexus Automobile Sales and Service Co., Ltd.
(15) Chairman of Nanjing Hezhan Automobile Sales and Service Co., Ltd.
(16) Chairman of Qingdao Heling Lexus Automobile Sales and Service Co., Ltd.
(17) Chairman of Tianjin Hexi District Hezhan Automobile Sales and Service Co., Ltd.
8. Address of the company served in mainland China:
(1) Shanghai Hotai Toyota Forklift Co., Ltd.: No. 515, Caonong Road, Xinqiao Town, Songjiang District, Shanghai
(2) Shanghai Heyu Toyota Automobile Service Co., Ltd.: No. 999, Huqingping Road, Minhang District, Shanghai
(3) Shanghai Hezhan Automobile Service Co., Ltd.: No. 2058, Lianhua South Road, Minhang District, Shanghai
(4) Shanghai Heling Automobile Service Co., Ltd.: No. 1411, Tongpu Road, Putuo District, Shanghai
(5) Shanghai Yangpu Heling Lexus Automobile Sales and Service Co., Ltd.: Building 1, No. 401, Shiguang Road, Yangpu District, Shanghai, Room 108
(6) Shanghai Jiading Heling Lexus Automobile Service Co., Ltd.: Building 3, No. 2018, Yongsheng Road, Jiading District, Shanghai
(7) Chongqing Heling Lexus Automobile Sales and Service Co., Ltd.: No. 8, Fuyi, No. 88, Jinyu Avenue, Jingkaiyuan, Northern New Area, Economic and Technological Development Zone, Chongqing
(8) Tangshan Heling Lexus Automobile Sales and Service Co., Ltd.: No. 590, Kaiyue Road, Kaiping District, Tangshan City
(9) Nanchang Heling Lexus Automobile Sales and Service Co., Ltd.: No. 509, Liantang North Avenue, Liantang Town, Nanchang County, Jiangxi Province
(10) Zaozhuang Heyu Toyota Automobile Sales and Service Co., Ltd.: No. 1, Fuxing Road, Zhangfan Street, High-tech Zone, Zaozhuang City
(11) Tianjin Heling Lexus Automobile Sales and Service Co., Ltd.: Intersection of Saida Third Avenue and Sizhi Road, Xiqing Economic Development Zone, Tianjin
(12) Tianjin Hezhan Automobile Service Co., Ltd.: No. 11, Saida Sizhi Road, Xiqing Economic Development Zone, Tianjin
(13) Tianjin Heyu Toyota Automobile Sales and Service Co., Ltd.: No. 299, Weijin South Road, Tianjin
(14) Chongqing Taikang Heling Lexus Automobile Sales and Service Co., Ltd.: 3-2, No. 3, Cuiping Road, Huixing Street, Yubei District, Chongqing
(15) Nanjing Hezhan Automobile Sales and Service Co., Ltd.: No. 9-2, Yanshan East Road, Jiangbei New Area, Nanjing City
(16) Qingdao Heling Lexus Automobile Sales and Service Co., Ltd.: No. 651, Ningcheng Road, Chengyang District, Qingdao City, Shandong Province
(17) Tianjin Hexi District Hezhan Automobile Sales and Service Co., Ltd.: 1st Floor, Zone Z, No. 001, No. 613, Jiefang South Road, Hexi District, Tianjin
9. Business scope of the company served in mainland China:
(1) Shanghai Hotai Toyota Forklift Co., Ltd.: Sales of industrial vehicles and accessories
(2) Shanghai Heyu Toyota Automobile Service Co., Ltd.: Automobile sales and maintenance services
(3) Shanghai Hezhan Automobile Service Co., Ltd.: Automobile sales and maintenance services
(4) Shanghai Heling Automobile Service Co., Ltd.: Automobile sales and maintenance services
(5) Shanghai Yangpu Heling Lexus Automobile Sales and Service Co., Ltd.: Automobile sales and maintenance services
(6) Shanghai Jiading Heling Lexus Automobile Service Co., Ltd.: Automobile sales and maintenance services
(7) Chongqing Heling Lexus Automobile Sales and Service Co., Ltd.: Automobile sales and maintenance services
(8) Tangshan Heling Lexus Automobile Sales and Service Co., Ltd.: Automobile sales and maintenance services
(9) Nanchang Heling Lexus Automobile Sales and Service Co., Ltd.: Automobile sales and maintenance services
(10) Zaozhuang Heyu Toyota Automobile Sales and Service Co., Ltd.: Automobile sales and maintenance services
(11) Tianjin Heling Lexus Automobile Sales and Service Co., Ltd.: Automobile sales and maintenance services
(12) Tianjin Hezhan Automobile Service Co., Ltd.: Automobile sales and maintenance services
(13) Tianjin Heyu Toyota Automobile Sales and Service Co., Ltd.: Automobile sales and maintenance services
(14) Chongqing Taikang Heling Lexus Automobile Sales and Service Co., Ltd.: Automobile sales and maintenance services
(15) Nanjing Hezhan Automobile Sales and Service Co., Ltd.: Automobile sales and maintenance services
(16) Qingdao Heling Lexus Automobile Sales and Service Co., Ltd.: Automobile sales and maintenance services
(17) Tianjin Hexi District Hezhan Automobile Sales and Service Co., Ltd.: Automobile sales and maintenance services
10. Impact on the company's financial and business operations: None
11. If the director has invested in the mainland China business, the investment amount and shareholding ratio: None
12. Other matters that should be specified: None
2. Name and title of director permitted to engage in competitive activities:
Director: Wu Pin-Tsung; Corporate Representative of Hotai Motor Co., Ltd.
3. Items of competitive activities permitted:
To concurrently serve in businesses of the same type as those listed in the company's business scope due to business needs.
4. Period during which competitive activities are permitted: During the term of office as director of the company.
5. Resolution status (please explain voting results according to Article 209 of the Company Act): Resolution passed by the shareholders' meeting.
6. If the permitted competitive activities involve businesses in mainland China, name and title of the director (if not a mainland China business, please enter "N/A" below): Director Wu Pin-Tsung
7. Name and position of the company in mainland China served:
(1) Supervisor of Shanghai Hotai Toyota Forklift Co., Ltd.
(2) Chairman of Shanghai Heyu Toyota Automobile Service Co., Ltd.
(3) Chairman of Shanghai Hezhan Automobile Service Co., Ltd.
(4) Chairman of Shanghai Heling Automobile Service Co., Ltd.
(5) Chairman of Shanghai Yangpu Heling Lexus Automobile Sales and Service Co., Ltd.
(6) Chairman of Shanghai Jiading Heling Lexus Automobile Service Co., Ltd.
(7) Chairman of Chongqing Heling Lexus Automobile Sales and Service Co., Ltd.
(8) Chairman of Tangshan Heling Lexus Automobile Sales and Service Co., Ltd.
(9) Chairman of Nanchang Heling Lexus Automobile Sales and Service Co., Ltd.
(10) Chairman of Zaozhuang Heyu Toyota Automobile Sales and Service Co., Ltd.
(11) Chairman of Tianjin Heling Lexus Automobile Sales and Service Co., Ltd.
(12) Chairman of Tianjin Hezhan Automobile Service Co., Ltd.
(13) Chairman of Tianjin Heyu Toyota Automobile Sales and Service Co., Ltd.
(14) Chairman of Chongqing Taikang Heling Lexus Automobile Sales and Service Co., Ltd.
(15) Chairman of Nanjing Hezhan Automobile Sales and Service Co., Ltd.
(16) Chairman of Qingdao Heling Lexus Automobile Sales and Service Co., Ltd.
(17) Chairman of Tianjin Hexi District Hezhan Automobile Sales and Service Co., Ltd.
8. Address of the company served in mainland China:
(1) Shanghai Hotai Toyota Forklift Co., Ltd.: No. 515, Caonong Road, Xinqiao Town, Songjiang District, Shanghai
(2) Shanghai Heyu Toyota Automobile Service Co., Ltd.: No. 999, Huqingping Road, Minhang District, Shanghai
(3) Shanghai Hezhan Automobile Service Co., Ltd.: No. 2058, Lianhua South Road, Minhang District, Shanghai
(4) Shanghai Heling Automobile Service Co., Ltd.: No. 1411, Tongpu Road, Putuo District, Shanghai
(5) Shanghai Yangpu Heling Lexus Automobile Sales and Service Co., Ltd.: Building 1, No. 401, Shiguang Road, Yangpu District, Shanghai, Room 108
(6) Shanghai Jiading Heling Lexus Automobile Service Co., Ltd.: Building 3, No. 2018, Yongsheng Road, Jiading District, Shanghai
(7) Chongqing Heling Lexus Automobile Sales and Service Co., Ltd.: No. 8, Fuyi, No. 88, Jinyu Avenue, Jingkaiyuan, Northern New Area, Economic and Technological Development Zone, Chongqing
(8) Tangshan Heling Lexus Automobile Sales and Service Co., Ltd.: No. 590, Kaiyue Road, Kaiping District, Tangshan City
(9) Nanchang Heling Lexus Automobile Sales and Service Co., Ltd.: No. 509, Liantang North Avenue, Liantang Town, Nanchang County, Jiangxi Province
(10) Zaozhuang Heyu Toyota Automobile Sales and Service Co., Ltd.: No. 1, Fuxing Road, Zhangfan Street, High-tech Zone, Zaozhuang City
(11) Tianjin Heling Lexus Automobile Sales and Service Co., Ltd.: Intersection of Saida Third Avenue and Sizhi Road, Xiqing Economic Development Zone, Tianjin
(12) Tianjin Hezhan Automobile Service Co., Ltd.: No. 11, Saida Sizhi Road, Xiqing Economic Development Zone, Tianjin
(13) Tianjin Heyu Toyota Automobile Sales and Service Co., Ltd.: No. 299, Weijin South Road, Tianjin
(14) Chongqing Taikang Heling Lexus Automobile Sales and Service Co., Ltd.: 3-2, No. 3, Cuiping Road, Huixing Street, Yubei District, Chongqing
(15) Nanjing Hezhan Automobile Sales and Service Co., Ltd.: No. 9-2, Yanshan East Road, Jiangbei New Area, Nanjing City
(16) Qingdao Heling Lexus Automobile Sales and Service Co., Ltd.: No. 651, Ningcheng Road, Chengyang District, Qingdao City, Shandong Province
(17) Tianjin Hexi District Hezhan Automobile Sales and Service Co., Ltd.: 1st Floor, Zone Z, No. 001, No. 613, Jiefang South Road, Hexi District, Tianjin
9. Business scope of the company served in mainland China:
(1) Shanghai Hotai Toyota Forklift Co., Ltd.: Sales of industrial vehicles and accessories
(2) Shanghai Heyu Toyota Automobile Service Co., Ltd.: Automobile sales and maintenance services
(3) Shanghai Hezhan Automobile Service Co., Ltd.: Automobile sales and maintenance services
(4) Shanghai Heling Automobile Service Co., Ltd.: Automobile sales and maintenance services
(5) Shanghai Yangpu Heling Lexus Automobile Sales and Service Co., Ltd.: Automobile sales and maintenance services
(6) Shanghai Jiading Heling Lexus Automobile Service Co., Ltd.: Automobile sales and maintenance services
(7) Chongqing Heling Lexus Automobile Sales and Service Co., Ltd.: Automobile sales and maintenance services
(8) Tangshan Heling Lexus Automobile Sales and Service Co., Ltd.: Automobile sales and maintenance services
(9) Nanchang Heling Lexus Automobile Sales and Service Co., Ltd.: Automobile sales and maintenance services
(10) Zaozhuang Heyu Toyota Automobile Sales and Service Co., Ltd.: Automobile sales and maintenance services
(11) Tianjin Heling Lexus Automobile Sales and Service Co., Ltd.: Automobile sales and maintenance services
(12) Tianjin Hezhan Automobile Service Co., Ltd.: Automobile sales and maintenance services
(13) Tianjin Heyu Toyota Automobile Sales and Service Co., Ltd.: Automobile sales and maintenance services
(14) Chongqing Taikang Heling Lexus Automobile Sales and Service Co., Ltd.: Automobile sales and maintenance services
(15) Nanjing Hezhan Automobile Sales and Service Co., Ltd.: Automobile sales and maintenance services
(16) Qingdao Heling Lexus Automobile Sales and Service Co., Ltd.: Automobile sales and maintenance services
(17) Tianjin Hexi District Hezhan Automobile Sales and Service Co., Ltd.: Automobile sales and maintenance services
10. Impact on the company's financial and business operations: None
11. If the director has invested in the mainland China business, the investment amount and shareholding ratio: None
12. Other matters that should be specified: None