[Hong Tai] Announcement on the Approval of the Resolution to Lift the Non-Compete Restriction for Corporate Directors' Representatives at the 115th Annual General Meeting
Hong Tai Company's Annual General Meeting on June 9, 115, resolved to lift the non-compete restrictions for Mr. Chen Shiyi and Mr. Chen Lianghua, representatives of corporate directors. This resolution permits them to serve as directors of other companies or engage in activities similar to Hong Tai's business scope during their tenure as directors at Hong Tai. The proposal was passed by vote and has no significant impact on the company's financial or business operations.
📋 Article Processing Timeline
- 📰 Published: June 9, 2026 at 09:00
- 🔍 Collected: June 10, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: June 12, 2026 at 17:53 (57h 53m after Collected)
1. Date of Shareholder Meeting Resolution: 115/06/09
2. Names and Titles of Directors Permitted to Engage in Competitive Behavior:
Representative of Jiujiang Investment Co., Ltd. Chairman Chen Shiyi
Representative of Zhitai Investment Co., Ltd. Director Chen Lianghua
3. Items Permitted for Competitive Behavior:
Serving as a director of another company, or investing in and operating other businesses that are the same as or similar to the company's business scope.
4. Duration of Permitted Competitive Behavior:
During the period of their tenure as directors of this company.
5. Resolution Details (Please explain the voting results in accordance with Article 209 of the Company Act):
The proposal was passed as is, having achieved the legally required number of votes through a ballot.
6. Names and Titles of Directors Whose Permitted Competitive Behavior Involves Business Operations in Mainland China (For businesses not in Mainland China, please enter 'Not Applicable'):
Not Applicable
7. Company Name and Position in the Mainland China Business They Hold:
Not Applicable
8. Address of the Mainland China Business They Hold:
Not Applicable
9. Business Items of the Mainland China Business They Hold:
Not Applicable
10. Impact on the Company's Financial and Business Operations:
None
11. If Directors Invest in Mainland China Businesses, Their Investment Amount and Shareholding Ratio:
Not Applicable
12. Other Matters to be Noted:
None
2. Names and Titles of Directors Permitted to Engage in Competitive Behavior:
Representative of Jiujiang Investment Co., Ltd. Chairman Chen Shiyi
Representative of Zhitai Investment Co., Ltd. Director Chen Lianghua
3. Items Permitted for Competitive Behavior:
Serving as a director of another company, or investing in and operating other businesses that are the same as or similar to the company's business scope.
4. Duration of Permitted Competitive Behavior:
During the period of their tenure as directors of this company.
5. Resolution Details (Please explain the voting results in accordance with Article 209 of the Company Act):
The proposal was passed as is, having achieved the legally required number of votes through a ballot.
6. Names and Titles of Directors Whose Permitted Competitive Behavior Involves Business Operations in Mainland China (For businesses not in Mainland China, please enter 'Not Applicable'):
Not Applicable
7. Company Name and Position in the Mainland China Business They Hold:
Not Applicable
8. Address of the Mainland China Business They Hold:
Not Applicable
9. Business Items of the Mainland China Business They Hold:
Not Applicable
10. Impact on the Company's Financial and Business Operations:
None
11. If Directors Invest in Mainland China Businesses, Their Investment Amount and Shareholding Ratio:
Not Applicable
12. Other Matters to be Noted:
None
FAQ
What is the main content of Hong Tai Company's resolution to lift non-compete restrictions?
It permits directors Chen Shiyi and Chen Lianghua to serve as directors of other companies or engage in similar businesses during their tenure, lifting the non-compete restriction.
When was this resolution made?
It was resolved at the Annual General Meeting held on June 9, 115.
What impact will lifting the non-compete restriction have on Hong Tai Company?
According to the announcement, the impact on financial and business operations is stated as 'None'. However, indirect effects from expanded director activities are possible.
What is the duration for which competitive activities are permitted?
During the period of their tenure as directors of Hong Tai Company.
What was the background for this resolution?
While the press release does not detail the background, it is likely aimed at leveraging directors' diverse experiences and building a flexible management structure.