Nien Hsing: 115th Annual Shareholders Meeting Approves Waiver of Directors' Non-Compete Restrictions
Key facts
- Nien Hsing: 115th Annual Shareholders Meeting Approves Waiver of Directors' Non-Compete Restrictions
- At its 115th annual shareholders meeting, Nien Hsing approved a resolution to lift non-compete restrictions for directors Chen Wei-Han, Tsai Shu-Hsuan, Chou Tai-Yuan, and Chen Jen-Chou, enabling them to concurrently serve in management roles at the company's subsidiary entities.
- Source: PR Times
- Date: June 16, 2026
Direct answer
At its 115th annual shareholders meeting, Nien Hsing approved a resolution to lift non-compete restrictions for directors Chen Wei-Han, Tsai Shu-Hsuan, Chou Tai-Yuan, and Chen Jen-Chou, enabling them to concurrently serve in management roles at the company's subsidiary entities.
- Citation
- Nien Hsing: 115th Annual Shareholders Meeting Approves Waiver of Directors' Non-Compete Restrictions (June 16, 2026), PR Times
- Source
- PR Times
- Date
- June 16, 2026
At its 115th annual shareholders meeting, Nien Hsing approved a resolution to lift non-compete restrictions for directors Chen Wei-Han, Tsai Shu-Hsuan, Chou Tai-Yuan, and Chen Jen-Chou, enabling them to concurrently serve in management roles at the company's subsidiary entities.
📋 Article Processing Timeline
- 📰 Published: June 16, 2026 at 09:00
- 🔍 Collected: June 17, 2026 at 17:00 (32h 0m after Published)
- 🤖 AI Analyzed: June 18, 2026 at 17:28 (24h 27m after Collected)
1. Shareholders Meeting Resolution Date: 115/06/16
2. Names and Titles of Directors Permitted to Engage in Competitive Activities:
Directors Chen Wei-Han, Tsai Shu-Hsuan, Chou Tai-Yuan, and Chen Jen-Chou.
3. Approved Competitive Activities:
The directors Chen Wei-Han, Tsai Shu-Hsuan, Chou Tai-Yuan, and Chen Jen-Chou have been designated by the company to serve as chairpersons, directors, or managers in the following subsidiaries invested in by the company: Nien Hsing International (British Virgin Islands) Corporation, Nien Hsing International (Bermuda) Corporation, Nien Hsing International (Samoa) Corporation, Phoenix Development & Marketing Corporation, C & Y Garments Company (Proprietary) Limited, Nien Hsing International (Lesotho) Corporation, Global Garment Corporation, Formosa Textile Corporation, Wing Fong International Corporation, and Nien Hsing International Investment Corporation. The annual shareholders meeting has approved the lifting of non-compete restrictions to permit such concurrent appointments.
4. Duration of Approved Competitive Activities: From 115/06/16 to 118/06/15, during the period these individuals serve as directors of the company.
5. Voting Results (as required under Article 209 of the Company Act):
Votes in favor: 109,655,212 (97.78%); Votes opposed: 680,911; Abstentions/Non-votes: 1,807,403. The resolution was approved as proposed.
6. Directors Engaging in Competitive Activities Related to Businesses in Mainland China (Enter 'Not Applicable' if not applicable): Not Applicable.
7. Company Name and Position Held in Mainland China Entity: Not Applicable.
8. Address of Mainland China Entity: Not Applicable.
9. Business Scope of Mainland China Entity: Not Applicable.
10. Impact on the Company's Financial and Operational Performance: None.
11. If Directors Have Invested in Mainland China Entities, Investment Amount and Shareholding Ratio: None.
12. Other Matters to be Disclosed: None.
2. Names and Titles of Directors Permitted to Engage in Competitive Activities:
Directors Chen Wei-Han, Tsai Shu-Hsuan, Chou Tai-Yuan, and Chen Jen-Chou.
3. Approved Competitive Activities:
The directors Chen Wei-Han, Tsai Shu-Hsuan, Chou Tai-Yuan, and Chen Jen-Chou have been designated by the company to serve as chairpersons, directors, or managers in the following subsidiaries invested in by the company: Nien Hsing International (British Virgin Islands) Corporation, Nien Hsing International (Bermuda) Corporation, Nien Hsing International (Samoa) Corporation, Phoenix Development & Marketing Corporation, C & Y Garments Company (Proprietary) Limited, Nien Hsing International (Lesotho) Corporation, Global Garment Corporation, Formosa Textile Corporation, Wing Fong International Corporation, and Nien Hsing International Investment Corporation. The annual shareholders meeting has approved the lifting of non-compete restrictions to permit such concurrent appointments.
4. Duration of Approved Competitive Activities: From 115/06/16 to 118/06/15, during the period these individuals serve as directors of the company.
5. Voting Results (as required under Article 209 of the Company Act):
Votes in favor: 109,655,212 (97.78%); Votes opposed: 680,911; Abstentions/Non-votes: 1,807,403. The resolution was approved as proposed.
6. Directors Engaging in Competitive Activities Related to Businesses in Mainland China (Enter 'Not Applicable' if not applicable): Not Applicable.
7. Company Name and Position Held in Mainland China Entity: Not Applicable.
8. Address of Mainland China Entity: Not Applicable.
9. Business Scope of Mainland China Entity: Not Applicable.
10. Impact on the Company's Financial and Operational Performance: None.
11. If Directors Have Invested in Mainland China Entities, Investment Amount and Shareholding Ratio: None.
12. Other Matters to be Disclosed: None.
FAQ
What was resolved at Nien Hsing's shareholder meeting?
The resolution allows four directors to engage in concurrent roles at group subsidiaries by lifting non-compete restrictions.
How long will the non-compete waiver last?
From June 16, 2026 to June 15, 2029, during the directors' term of office.
Does this resolution affect the company's finances?
The company states there will be no impact on financial or operational performance.