[SMC] Announcement of Lifting Non-Compete Restrictions for New Directors
SMC (2442) resolved at its shareholders' meeting on May 29, 115, to lift non-compete restrictions for its new directors, including Lin Chuan-chieh, Lin Chuan-kai, Hsu Chang-yi, Hsu Chih-ming, and independent directors Zhao Sheng, Zhu Kong-sheng, and Zhang Lan-xin. Lin Chuan-kai is permitted to serve as Chairman of Kaiyang Optoelectronics (Suzhou) in mainland China.
📋 Article Processing Timeline
- 📰 Published: May 29, 2026 at 09:00
- 🔍 Collected: May 30, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 31, 2026 at 18:19 (34h 19m after Collected)
1. Date of resolution: 115/05/29
2. Directors permitted to engage in competitive behavior: Lin Chuan-chieh, Lin Chuan-kai, Hsu Chang-yi, Hsu Chih-ming, Zhao Sheng (Ind.), Zhu Kong-sheng (Ind.), Zhang Lan-xin (Ind.)
3. Items of permitted competitive behavior: Investing or operating businesses within the same or similar scope as the company.
4. Period of permission: 115/05/29~118/05/28
5. Resolution status: Passed by vote.
6. Mainland China business involvement: Director Lin Chuan-kai.
7. Name and position in Mainland China business: Kaiyang Optoelectronics (Suzhou) Co., Ltd., Chairman.
8. Address of Mainland China business: No. 1518, Yundong Avenue, Wujiang Economic and Technological Development Zone, Jiangsu Province.
9. Business items of Mainland China business: Production and sales of automotive infotainment devices and peripheral products.
10. Impact on company's financial operations: None.
11. Investment amount and shareholding ratio in Mainland China business: A 100% subsidiary of Kai Rui Holdings, in which the company holds a 19.76% stake.
12. Other notes: None.
2. Directors permitted to engage in competitive behavior: Lin Chuan-chieh, Lin Chuan-kai, Hsu Chang-yi, Hsu Chih-ming, Zhao Sheng (Ind.), Zhu Kong-sheng (Ind.), Zhang Lan-xin (Ind.)
3. Items of permitted competitive behavior: Investing or operating businesses within the same or similar scope as the company.
4. Period of permission: 115/05/29~118/05/28
5. Resolution status: Passed by vote.
6. Mainland China business involvement: Director Lin Chuan-kai.
7. Name and position in Mainland China business: Kaiyang Optoelectronics (Suzhou) Co., Ltd., Chairman.
8. Address of Mainland China business: No. 1518, Yundong Avenue, Wujiang Economic and Technological Development Zone, Jiangsu Province.
9. Business items of Mainland China business: Production and sales of automotive infotainment devices and peripheral products.
10. Impact on company's financial operations: None.
11. Investment amount and shareholding ratio in Mainland China business: A 100% subsidiary of Kai Rui Holdings, in which the company holds a 19.76% stake.
12. Other notes: None.
FAQ
What business is Lin Chuan-kai involved in in mainland China?
He serves as Chairman of Kaiyang Optoelectronics (Suzhou), which manufactures automotive infotainment devices.