[Guangyu] 2026 Annual General Meeting Approves Waiver of Non-Compete Restrictions for Directors
Guangyu Technology held its Annual General Meeting on May 27, 2026, approving the waiver of non-compete restrictions for directors Li Guang-yao, Huang Ying-shi, and independent directors Zheng Wen-rong, Guo Ming-yi, and Liu Wan-yu, allowing them to hold concurrent positions in companies with similar business scopes.
📋 Article Processing Timeline
- 📰 Published: May 27, 2026 at 09:00
- 🔍 Collected: May 28, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 31, 2026 at 18:49 (82h 49m after Collected)
1. Date of Resolution: 2026/05/27
2. Names and Titles of Directors Permitted to Engage in Competitive Activities: Director Li Guang-yao, Director Huang Ying-shi, Independent Director Zheng Wen-rong, Independent Director Guo Ming-yi, Independent Director Liu Wan-yu.
3. Items Permitted: Serving as a director or manager in companies with the same business scope as the Company.
4. Duration: During their tenure as directors of the Company.
5. Voting Results (pursuant to Article 209 of the Company Act): 225,963,980 votes in favor (89.85% of total attendance), 1,090,072 votes against (0.43%), 24,429,605 abstentions (9.71%). The motion was passed.
6. Directors involved in mainland China operations: Li Guang-yao, Huang Ying-shi.
7. Company names and positions in mainland China: Including Jinjihu Precision Machinery (Wuhan), Shenzhen Jinjihu Investment Holding, Nanjing Futeng New Energy Vehicle Technology, Foxconn Precision Mold (Shenzhen), Beijing Hengyu New Energy Vehicle Leasing, Foxconn New Business Development Group, etc.
8. Locations: Wuhan, Shenzhen, Nanjing, Beijing, Zhengzhou, Anhui, Qingdao, Zhuhai.
9. Business scope in mainland China: Development and production of precision molds, electronic components, automotive parts, EV leasing, and AI software development.
10. Impact on Company Finance: None.
11. Investment amount and shareholding ratio: None.
12. Other: None.
2. Names and Titles of Directors Permitted to Engage in Competitive Activities: Director Li Guang-yao, Director Huang Ying-shi, Independent Director Zheng Wen-rong, Independent Director Guo Ming-yi, Independent Director Liu Wan-yu.
3. Items Permitted: Serving as a director or manager in companies with the same business scope as the Company.
4. Duration: During their tenure as directors of the Company.
5. Voting Results (pursuant to Article 209 of the Company Act): 225,963,980 votes in favor (89.85% of total attendance), 1,090,072 votes against (0.43%), 24,429,605 abstentions (9.71%). The motion was passed.
6. Directors involved in mainland China operations: Li Guang-yao, Huang Ying-shi.
7. Company names and positions in mainland China: Including Jinjihu Precision Machinery (Wuhan), Shenzhen Jinjihu Investment Holding, Nanjing Futeng New Energy Vehicle Technology, Foxconn Precision Mold (Shenzhen), Beijing Hengyu New Energy Vehicle Leasing, Foxconn New Business Development Group, etc.
8. Locations: Wuhan, Shenzhen, Nanjing, Beijing, Zhengzhou, Anhui, Qingdao, Zhuhai.
9. Business scope in mainland China: Development and production of precision molds, electronic components, automotive parts, EV leasing, and AI software development.
10. Impact on Company Finance: None.
11. Investment amount and shareholding ratio: None.
12. Other: None.
FAQ
Why is the 'non-compete clause' waiver a standard agenda item in Taiwan?
Under Article 209 of the Company Act, directors must obtain shareholder approval to hold concurrent positions in other companies to prevent conflicts of interest.