Yuecheng Announces Board Approval to Lift Non-Compete Restriction for Director
Yuecheng Co.'s Board of Directors approved on May 8, 2026, the lifting of a non-compete restriction for director Chen Chih-cheng, who is a representative of Hongyu Investment Co., Ltd. This allows him to concurrently serve as a director at Maozhang Optoelectronics Co., Ltd.
📋 Article Processing Timeline
- 📰 Published: May 8, 2026 at 09:00
- 🔍 Collected: May 9, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 9, 2026 at 08:46 (46 min after Collected)
1. Date of board resolution: 2026/05/08
2. Name and title of manager permitted to engage in competitive activities: Director: Representative of Hongyu Investment Co., Ltd., Chen Chih-cheng
3. Items permitted to engage in competitive activities: Director of Maozhang Optoelectronics Co., Ltd.
4. Period permitted to engage in competitive activities: During the term of office as a director of the Company
5. Resolution details (Please explain the voting results in accordance with Article 32 of the Company Act): Except for Director Chen Chih-cheng, who has a conflict of interest in this case and has recused himself, the remaining attending directors unanimously approved the proposal.
6. If the permitted competitive activity involves a business in mainland China, the name and title of the manager (if not a business in mainland China, please enter "Not Applicable" below): Not Applicable
7. Name and position of the company in mainland China served: Not Applicable
8. Address of the company in mainland China served: Not Applicable
9. Business scope of the company in mainland China served: Not Applicable
10. Degree of impact on the company's financial and business operations: Not Applicable
11. If the manager has invested in a business in mainland China, the investment amount and shareholding ratio: Not Applicable
12. Other matters that need to be specified: This proposal was approved by the Board of Directors and will be submitted to the shareholders' meeting for discussion and resolution.
2. Name and title of manager permitted to engage in competitive activities: Director: Representative of Hongyu Investment Co., Ltd., Chen Chih-cheng
3. Items permitted to engage in competitive activities: Director of Maozhang Optoelectronics Co., Ltd.
4. Period permitted to engage in competitive activities: During the term of office as a director of the Company
5. Resolution details (Please explain the voting results in accordance with Article 32 of the Company Act): Except for Director Chen Chih-cheng, who has a conflict of interest in this case and has recused himself, the remaining attending directors unanimously approved the proposal.
6. If the permitted competitive activity involves a business in mainland China, the name and title of the manager (if not a business in mainland China, please enter "Not Applicable" below): Not Applicable
7. Name and position of the company in mainland China served: Not Applicable
8. Address of the company in mainland China served: Not Applicable
9. Business scope of the company in mainland China served: Not Applicable
10. Degree of impact on the company's financial and business operations: Not Applicable
11. If the manager has invested in a business in mainland China, the investment amount and shareholding ratio: Not Applicable
12. Other matters that need to be specified: This proposal was approved by the Board of Directors and will be submitted to the shareholders' meeting for discussion and resolution.