[Hon Chuan] Announcement of the Lifting of Non-Compete Restrictions for New Directors at the Annual General Meeting

Key facts

  • [Hon Chuan] Announcement of the Lifting of Non-Compete Restrictions for New Directors at the Annual General Meeting
  • Hon Chuan Enterprise resolved at its annual general meeting on May 29, 115, to lift non-compete restrictions for new directors Tsao Hung-yu, Pai Wen-pin, and Tsao Hsin-wen. This allows them to invest in or manage other companies with the same business scope as Hon Chuan, provided it does not harm the company's interests. This includes operations in mainland China related to packaging and filling services.
  • Source: PR Times
  • Date: May 29, 2026

Direct answer

Hon Chuan Enterprise resolved at its annual general meeting on May 29, 115, to lift non-compete restrictions for new directors Tsao Hung-yu, Pai Wen-pin, and Tsao Hsin-wen. This allows them to invest in or manage other companies with the same business scope as Hon Chuan, provided it does not harm the company's interests. This includes operations in mainland China related to packaging and filling services.

Citation
[Hon Chuan] Announcement of the Lifting of Non-Compete Restrictions for New Directors at the Annual General Meeting (May 29, 2026), PR Times
Source
PR Times
Date
May 29, 2026
Hon Chuan Enterprise resolved at its annual general meeting on May 29, 115, to lift non-compete restrictions for new directors Tsao Hung-yu, Pai Wen-pin, and Tsao Hsin-wen. This allows them to invest in or manage other companies with the same business scope as Hon Chuan, provided it does not harm the company's interests. This includes operations in mainland China related to packaging and filling services.
businessNQ 45/100出典：PR Times

📋 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 18:15 (34h 15m after Collected)
1. Date of resolution: 115/05/29. 2. Directors granted exemption: Tsao Hung-yu, Pai Wen-pin, Tsao Hsin-wen. 3. Scope of exemption: Investment or management of companies with the same business scope. 4. Duration: During their tenure as directors. 5. Resolution status: Approved by the annual general meeting in accordance with Article 209 of the Company Act. 6. Mainland China operations: Tsao Hung-yu (Hon Chuan Suzhou, Suzhou Hongxing), Tsao Hsin-wen (Hon Chuan Changsha, Hon Chuan Taiyuan, Hon Chuan Quzhou). 7. Financial impact: All are invested subsidiaries, and profits/losses are recognized accordingly.

FAQ

What does lifting non-compete restrictions mean?

It allows directors to hold positions in other companies that operate in the same industry.

What are the key facts in this article?

Hon Chuan Enterprise resolved at its annual general meeting on May 29, 115, to lift non-compete restrictions for new directors Tsao Hung-yu, Pai Wen-pin, and Tsao Hsin-wen. This allows them to invest in or manage other companies with the same business scope as Hon Chuan, provided it does not harm the company's interests. This includes operations in mainland China related to packaging and filling services.

What is the direct answer?

Hon Chuan Enterprise resolved at its annual general meeting on May 29, 115, to lift non-compete restrictions for new directors Tsao Hung-yu, Pai Wen-pin, and Tsao Hsin-wen. This allows them to invest in or manage other companies with the same business scope as Hon Chuan, provided it does not harm the company's interests. This includes operations in mainland China related to packaging and filling services.

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