How long is this resolution valid?

From June 16, 2026, to June 15, 2029, during the current term.

Are there any ties to Mainland China businesses?

No directors are engaged in or investing in Mainland China-based businesses.

Does this affect the company's finances?

The activities are assessed to have no impact on financial or operational performance.

Who is eligible for the non-compete waiver?

Four directors and four independent directors, including Mr. Tsai Wen-Ta.

Feng Yuan-KY Shareholders' Meeting Approves Waiver of Directors' Non-Compete Restrictions

Q: What was decided at Feng Yuan-KY's shareholders' meeting?

The waiver of non-compete restrictions for several directors and independent directors was approved.

Published Jun 16, 2026 9:00 AM ・ Updated Jun 19, 2026 5:03 PM ・ 5 min read ・ Source: PR Times

Feng Yuan-KY's 115th annual shareholders' meeting approved the waiver of non-compete restrictions for several directors and independent directors, allowing them to hold concurrent positions in other companies during their current term from June 16, 2026, to June 15, 2029.

1. Shareholders' Meeting Resolution Date: 2026/06/16

2. Names and Titles of Directors Permitted to Engage in Competitive Activities: Directors: Tsai Wen-Ta, Tsai Yao-Hsien, Tsai Chih-Yuan, Kao Cheng-Lun Independent Directors: Wang Kuo-Chiang, Han Ting-Kuo, Wu Yu-Meng, Chen Kuan-An

3. Approved Competitive Activities: Director: Tsai Wen-Ta Chairman of Green Enterprises Limited, Chairman of Hallyton Development Limited Chairman of Hong Sheng Investment Co., Ltd. (Hong Kong), Chairman of Ontai Group Limited Chairman of Enrich Industrial (Thai) Company Ltd., Chairman of Hao Shi Holding Company

Director: Tsai Yao-Hsien Director of Hao Shi Holding Company

Director: Tsai Chih-Yuan General Manager of Ontai Group Limited Taiwan Branch, Director of Hao Shi Holding Company, Director of Enrich Industrial (Thai) Company Ltd.

Director: Kao Cheng-Lun Director and Chairman of San Chih Meng Co., Ltd.

Independent Director: Wang Kuo-Chiang Independent Director of Sinorg Chemical Biotechnology Co., Ltd., Independent Director of OptoMotive Electronics Co., Ltd., Independent Director of Partner Technology Co., Ltd., Chairman of Lian Jie Management Consulting Co., Ltd.

Independent Director: Han Ting-Kuo Director of Zhong Liu Foundation, Independent Director of Hushang Auntie (Shanghai) Industrial Co., Ltd.

Independent Director: Wu Yu-Meng Principal of Sheng Hao Law Firm

Independent Director: Chen Kuan-An Executive Director and CFO of Zai Hsing Golf Course

4. Duration of Approved Competitive Activities: Current director term (2026/06/16 ~ 2029/06/15)

5. Voting Outcome (as per Article 209 of the Company Act): Resolved with over two-thirds of issued shares represented and a majority vote of attending shareholders.

6. Directors Engaging in Competitive Activities with Mainland China-based Businesses (if not applicable, state "Not Applicable"): Not Applicable

7. Company Name and Position Held in Mainland China-based Business: Not Applicable

8. Address of Mainland China-based Business: Not Applicable

9. Business Scope of Mainland China-based Business: Not Applicable

10. Impact on Company's Financial and Operational Performance: None

11. Directors' Investment Amount and Shareholding Ratio in Mainland China-based Business: None

12. Other Matters to be Disclosed: None

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Source: PR Times
Category: News
Organizations: Green Enterprises Limited / Hallyton Development Limited / Ontai Group Limited

Feng Yuan-KY Shareholders' Meeting Approves Waiver of Directors' Non-Compete Restrictions

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