Toda-Sou Announces Shareholders' Meeting Resolution Approving Waiver of Non-Competition Clause for New Directors
Key facts
- Toda-Sou Announces Shareholders' Meeting Resolution Approving Waiver of Non-Competition Clause for New Directors
- Toda-Sou's shareholders' meeting has approved the waiver of non-competition obligations for newly appointed directors, permitting several directors to engage in external business activities.
- Source: PR Times
- Date: June 26, 2026
Direct answer
Toda-Sou's shareholders' meeting has approved the waiver of non-competition obligations for newly appointed directors, permitting several directors to engage in external business activities.
- Citation
- Toda-Sou Announces Shareholders' Meeting Resolution Approving Waiver of Non-Competition Clause for New Directors (June 26, 2026), PR Times
- Source
- PR Times
- Date
- June 26, 2026
Toda-Sou's shareholders' meeting has approved the waiver of non-competition obligations for newly appointed directors, permitting several directors to engage in external business activities.
📋 Article Processing Timeline
- 📰 Published: June 26, 2026 at 09:00
- 🔍 Collected: June 27, 2026 at 17:00 (32h 0m after Published)
- 🤖 AI Analyzed: June 27, 2026 at 17:37 (37 min after Collected)
1. Shareholders' Meeting Resolution Date: 115/06/26
2. Names and Titles of Directors Permitted to Engage in Competitive Activities:
2-1. Director: Zhang Jin-Feng
2-2. Director: Li Jia-Cheng, Representative of Zhong Ying Investment Development Co., Ltd.
2-3. Director: Zhang Yu-Rou
2-4. Independent Director: Chen Yu-Ge
2-5. Independent Director: Weng Guo-Liang
2-6. Independent Director: Zhao Gui-Xiang
2-7. Independent Director: Li Shu-Juan
3. Approved Competitive Activities:
3-1. Zhang Jin-Feng
Chairman and General Manager of Futian Electric Machinery Co., Ltd.
3-2. Li Jia-Cheng, Representative of Zhong Ying Investment Development Co., Ltd.
Assistant Vice President, Business Division, China Steel Corporation
Director, Chung Lo Steel Corporation
Director, Yun Ying Co., Ltd.
Director, China Steel Malaysia Sdn. Bhd.
Director, China Steel Malaysia Holdings
Chairman, China Steel-Nippon Steel Vietnam Joint Venture
Director, Tōa Renmei Seitetsu Kabushiki Kaisha
Director, Ho-Mao International Co., Ltd.
3-3. Zhang Yu-Rou
Financial Specialist, Global BioTech (France-based) Co., Ltd.
3-4. Chen Yu-Ge
Managing Partner, Wei Feng United Accounting Firm
Independent Director, Baowei Industrial Co., Ltd.
3-5. Weng Guo-Liang
General Manager, He Wei Vehicle Technology Co., Ltd.
3-6. Zhao Gui-Xiang
Distinguished Professor and Vice President, Department of Electrical Engineering, Dayeh University
3-7. Li Shu-Juan
Principal Attorney, Chang Yao International Law Firm
4. Duration of Approval for Competitive Activities: Throughout the term of their directorship at our company.
5. Resolution Outcome (as per Article 209 of the Company Act):
This proposal was approved with over half of the issued shares represented in attendance, and more than two-thirds of the voting rights of attending shareholders voted in favor.
6. Directors Engaging in Competitive Activities Related to Businesses in Mainland China (Enter 'Not Applicable' if none): Not Applicable
7. Company Name and Position Held in Such Mainland China Business: Not Applicable
8. Address of Such Mainland China Business: Not Applicable
9. Business Scope of Such Mainland China Business: Not Applicable
10. Impact on Company's Financial and Business Operations: Not Applicable
11. If Directors Have Invested in Such Mainland China Business, Investment Amount and Shareholding Ratio: Not Applicable
12. Other Matters to be Disclosed: None.
2. Names and Titles of Directors Permitted to Engage in Competitive Activities:
2-1. Director: Zhang Jin-Feng
2-2. Director: Li Jia-Cheng, Representative of Zhong Ying Investment Development Co., Ltd.
2-3. Director: Zhang Yu-Rou
2-4. Independent Director: Chen Yu-Ge
2-5. Independent Director: Weng Guo-Liang
2-6. Independent Director: Zhao Gui-Xiang
2-7. Independent Director: Li Shu-Juan
3. Approved Competitive Activities:
3-1. Zhang Jin-Feng
Chairman and General Manager of Futian Electric Machinery Co., Ltd.
3-2. Li Jia-Cheng, Representative of Zhong Ying Investment Development Co., Ltd.
Assistant Vice President, Business Division, China Steel Corporation
Director, Chung Lo Steel Corporation
Director, Yun Ying Co., Ltd.
Director, China Steel Malaysia Sdn. Bhd.
Director, China Steel Malaysia Holdings
Chairman, China Steel-Nippon Steel Vietnam Joint Venture
Director, Tōa Renmei Seitetsu Kabushiki Kaisha
Director, Ho-Mao International Co., Ltd.
3-3. Zhang Yu-Rou
Financial Specialist, Global BioTech (France-based) Co., Ltd.
3-4. Chen Yu-Ge
Managing Partner, Wei Feng United Accounting Firm
Independent Director, Baowei Industrial Co., Ltd.
3-5. Weng Guo-Liang
General Manager, He Wei Vehicle Technology Co., Ltd.
3-6. Zhao Gui-Xiang
Distinguished Professor and Vice President, Department of Electrical Engineering, Dayeh University
3-7. Li Shu-Juan
Principal Attorney, Chang Yao International Law Firm
4. Duration of Approval for Competitive Activities: Throughout the term of their directorship at our company.
5. Resolution Outcome (as per Article 209 of the Company Act):
This proposal was approved with over half of the issued shares represented in attendance, and more than two-thirds of the voting rights of attending shareholders voted in favor.
6. Directors Engaging in Competitive Activities Related to Businesses in Mainland China (Enter 'Not Applicable' if none): Not Applicable
7. Company Name and Position Held in Such Mainland China Business: Not Applicable
8. Address of Such Mainland China Business: Not Applicable
9. Business Scope of Such Mainland China Business: Not Applicable
10. Impact on Company's Financial and Business Operations: Not Applicable
11. If Directors Have Invested in Such Mainland China Business, Investment Amount and Shareholding Ratio: Not Applicable
12. Other Matters to be Disclosed: None.
FAQ
What was resolved at Toda-Sou's shareholders' meeting?
The waiver of non-competition obligations for newly appointed directors was approved.
Which directors are permitted to engage in competitive activities?
Zhang Jin-Feng, Li Jia-Cheng (representing Zhong Ying Investment), Zhang Yu-Rou, and four independent directors.
How long is the approval for competitive activities valid?
It is valid during their tenure as directors of Toda-Sou.
What impact does this resolution have?
It promotes diverse board engagement but requires careful conflict-of-interest management.
Are any directors involved in businesses in mainland China?
No. All entries are marked as 'Not Applicable'.