Pao Yi Corporation Resolves to Lift Non-Compete Restrictions on New Directors at 2026 Annual Shareholders' Meeting
Key facts
- Pao Yi Corporation Resolves to Lift Non-Compete Restrictions on New Directors at 2026 Annual Shareholders' Meeting
- On June 24, 2026, Pao Yi Corporation passed a resolution at its annual shareholders' meeting to lift non-compete restrictions for eight directors, allowing them to engage in businesses similar to the company's during their tenure. The resolution was approved in accordance with Article 209 of the Company Act.
- Source: PR Times
- Date: June 24, 2026
Direct answer
On June 24, 2026, Pao Yi Corporation passed a resolution at its annual shareholders' meeting to lift non-compete restrictions for eight directors, allowing them to engage in businesses similar to the company's during their tenure. The resolution was approved in accordance with Article 209 of the Company Act.
- Citation
- Pao Yi Corporation Resolves to Lift Non-Compete Restrictions on New Directors at 2026 Annual Shareholders' Meeting (June 24, 2026), PR Times
- Source
- PR Times
- Date
- June 24, 2026
On June 24, 2026, Pao Yi Corporation passed a resolution at its annual shareholders' meeting to lift non-compete restrictions for eight directors, allowing them to engage in businesses similar to the company's during their tenure. The resolution was approved in accordance with Article 209 of the Company Act.
📋 Article Processing Timeline
- 📰 Published: June 24, 2026 at 09:00
- 🔍 Collected: June 25, 2026 at 17:00 (32h 0m after Published)
- 🤖 AI Analyzed: June 25, 2026 at 18:15 (1h 15m after Collected)
1. Shareholders' meeting resolution date: 115/06/24
2. Names and titles of directors permitted to engage in competitive activities:
Zeng Guo-Hao, Director; Hu Shu-Xian, Director; Cai Mei-Li, Director; Lin Gao-Shun, Director
Su Qing-Yang, Independent Director; Huang Min-Gong, Independent Director; Lu Wen-Xiang, Independent Director; Li Ding-An, Independent Director
3. Permitted competitive activities: Companies with business scopes identical or similar to the company's
4. Duration of permitted competitive activities: During the period of serving as a director of the company
5. Resolution outcome (voting results per Article 209 of the Company Act):
The proposal was approved by a majority of issued shares present, with over two-thirds of voting rights in favor, thus passed as proposed.
6. Directors permitted to engage in competitive activities related to businesses in Mainland China (enter 'Not applicable' if not applicable): 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 items of such Mainland China business: Not applicable
10. Impact on the 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:
Zeng Guo-Hao, Director; Hu Shu-Xian, Director; Cai Mei-Li, Director; Lin Gao-Shun, Director
Su Qing-Yang, Independent Director; Huang Min-Gong, Independent Director; Lu Wen-Xiang, Independent Director; Li Ding-An, Independent Director
3. Permitted competitive activities: Companies with business scopes identical or similar to the company's
4. Duration of permitted competitive activities: During the period of serving as a director of the company
5. Resolution outcome (voting results per Article 209 of the Company Act):
The proposal was approved by a majority of issued shares present, with over two-thirds of voting rights in favor, thus passed as proposed.
6. Directors permitted to engage in competitive activities related to businesses in Mainland China (enter 'Not applicable' if not applicable): 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 items of such Mainland China business: Not applicable
10. Impact on the 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
Why did Pao Yi lift non-compete restrictions?
To enhance governance flexibility and leverage directors' expertise across affiliated businesses.
Which directors are affected?
Directors Zeng, Hu, Cai, Lin, and independent directors Su, Huang, Lu, and Li.
Does this affect company finances?
No financial impact, as directors have no investments in mainland China operations.