[Hotai Finance] Announcement of Shareholder Meeting Resolution on Non-Compete Waiver

Key facts

  • [Hotai Finance] Announcement of Shareholder Meeting Resolution on Non-Compete Waiver
  • Hotai Finance announced that the 2026 shareholder meeting approved the waiver of non-compete obligations for four directors, including Chairman Chen Chien-chou, to allow concurrent roles in related businesses in mainland China.
  • Source: PR Times
  • Date: May 28, 2026

Direct answer

Hotai Finance announced that the 2026 shareholder meeting approved the waiver of non-compete obligations for four directors, including Chairman Chen Chien-chou, to allow concurrent roles in related businesses in mainland China.

Citation
[Hotai Finance] Announcement of Shareholder Meeting Resolution on Non-Compete Waiver (May 28, 2026), PR Times
Source
PR Times
Date
May 28, 2026
Hotai Finance announced that the 2026 shareholder meeting approved the waiver of non-compete obligations for four directors, including Chairman Chen Chien-chou, to allow concurrent roles in related businesses in mainland China.
businessNQ 44/100出典：PR Times

📋 Article Processing Timeline

  • 📰 Published: May 28, 2026 at 09:00
  • 🔍 Collected: May 29, 2026 at 08:00 (23h 0m after Published)
  • 🤖 AI Analyzed: May 31, 2026 at 18:36 (58h 35m after Collected)
1. Date of resolution: 2026/05/28. 2. Names and titles of directors permitted to engage in competitive activities: Chairman Chen Chien-chou, Director Su Ching-hsing, Director Huang Yi-ran, Director Roger Huang. 3. Items of permitted competitive activities: Concurrent service in businesses within the company's scope due to operational needs. 4. Duration: During their tenure as directors. 5. Resolution status: Approved by more than two-thirds of shareholders present with a majority vote. 6. Directors involved in mainland China operations: Chairman Chen Chien-chou, Director Huang Yi-ran, Director Roger Huang. 7. Positions held in mainland China: (1) Chen Chien-chou: Director of Hotai International Leasing, (2) Huang Yi-ran: Director of Chongqing Taikang Heling Lexus, (3) Roger Huang: Director of Tianjin Hexi District Hezhan Auto Sales and Shanghai Fengyi Architectural Decoration. 8. Addresses: (1) Shanghai, (2) Chongqing, (3) Tianjin, (4) Shanghai. 9. Business scope: Leasing, auto sales, and repair services. 10. Financial impact: None. 11. Investment details: None. 12. Other: None.

FAQ

What is Article 209 of the Company Act?

It requires directors to obtain shareholder approval before engaging in competitive business activities.

What are the key facts in this article?

Hotai Finance announced that the 2026 shareholder meeting approved the waiver of non-compete obligations for four directors, including Chairman Chen Chien-chou, to allow concurrent roles in related businesses in mainland China.

What is the direct answer?

Hotai Finance announced that the 2026 shareholder meeting approved the waiver of non-compete obligations for four directors, including Chairman Chen Chien-chou, to allow concurrent roles in related businesses in mainland China.

Back to Newsroom (86)