[KYE] Announcement Regarding the Lifting of Non-Compete Restrictions for Directors at Important Subsidiary Taiwan Micro-Electronics Technology Inc. (115th Shareholders' Meeting)
Key facts
- [KYE] Announcement Regarding the Lifting of Non-Compete Restrictions for Directors at Important Subsidiary Taiwan Micro-Electronics Technology Inc. (115th Shareholders' Meeting)
- KYE Corporation announced that its shareholders' meeting for its subsidiary, Taiwan Micro-Electronics Technology Inc., resolved to lift the non-compete restrictions for three directors: Mr. Zhuo Shukun, Ms. Xu Xiuqin, and Mr. Yang Chengbin. This allows the directors to engage in businesses identical or similar to the company's scope of operations. The decision aims to broaden the directors' business activities and is stated to have no significant impact on the company's financial or business operations.
- Source: PR Times
- Date: June 9, 2026
Direct answer
KYE Corporation announced that its shareholders' meeting for its subsidiary, Taiwan Micro-Electronics Technology Inc., resolved to lift the non-compete restrictions for three directors: Mr. Zhuo Shukun, Ms. Xu Xiuqin, and Mr. Yang Chengbin. This allows the directors to engage in businesses identical or similar to the company's scope of operations. The decision aims to broaden the directors' business activities and is stated to have no significant impact on the company's financial or business operations.
- Citation
- [KYE] Announcement Regarding the Lifting of Non-Compete Restrictions for Directors at Important Subsidiary Taiwan Micro-Electronics Technology Inc. (115th Shareholders' Meeting) (June 9, 2026), PR Times
- Source
- PR Times
- Date
- June 9, 2026
KYE Corporation announced that its shareholders' meeting for its subsidiary, Taiwan Micro-Electronics Technology Inc., resolved to lift the non-compete restrictions for three directors: Mr. Zhuo Shukun, Ms. Xu Xiuqin, and Mr. Yang Chengbin. This allows the directors to engage in businesses identical or similar to the company's scope of operations. The decision aims to broaden the directors' business activities and is stated to have no significant impact on the company's financial or business operations.
📋 Article Processing Timeline
- 📰 Published: June 9, 2026 at 09:00
- 🔍 Collected: June 10, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: June 12, 2026 at 17:53 (57h 53m after Collected)
2. Names and Titles of Directors Permitted to Engage in Competitive Business:
Director Mr. Zhuo Shukun, Represented by Legal Entity: KYE Systems Corp.
Director Ms. Xu Xiuqin
Director Mr. Yang Chengbin
3. Scope of Competitive Business Permitted: Companies with the same or similar business scope as the Company.
4. Duration of Permitted Competitive Business: Same as the term of the 10th Board of Directors.
5. Resolution Details (Explain the voting result according to Article 209 of the Company Act):
Unanimously approved without objection by the attending shareholders at the Ordinary Shareholders' Meeting held on June 9, 115.
6. Names and Titles of Directors Whose Permitted Competitive Business is with Mainland China Enterprises (For those not with Mainland China enterprises, please enter 'N/A'):
Director Mr. Zhuo Shukun, Represented by Legal Entity: KYE Systems Corp.
Director Ms. Xu Xiuqin
Director Mr. Yang Chengbin
7. Company Name and Position in the Respective Mainland China Enterprise:
Mr. Zhuo Shukun / Chairman of Dongguan KYE Computer Products Co., Ltd.
Ms. Xu Xiuqin / Director of Dongguan KYE Computer Products Co., Ltd.
Mr. Yang Chengbin / N/A
8. Address of the Respective Mainland China Enterprise:
Dongguan KYE Computer Products Co., Ltd. / Building 5, No. 2, Houjie East Industry Road, Houjie Town, Dongguan City, Guangdong Province, China
9. Business Scope of the Respective Mainland China Enterprise:
Dongguan KYE Computer Products Co., Ltd. / R&D, production, and sales of computer peripherals, consumer electronics, and video imaging products.
10. Impact on the Company's Financial and Business Operations: None.
11. If Directors Have Investments in the Respective Mainland China Enterprise, Investment Amount and Shareholding Ratio: None.
12. Other Matters to be Noted: None.
FAQ
What was resolved at KYE Corporation's shareholders' meeting?
The shareholders' meeting approved the lifting of non-compete obligations for three directors (Zhuo Shukun, Xu Xiuqin, Yang Chengbin), allowing them to engage in businesses similar or identical to the company's.
Will this resolution affect the company's performance?
According to the announcement, the impact on the company's financial and business operations is stated as 'None.' The purpose is to expand the scope of directors' activities.
What specific businesses can the directors whose non-compete clauses were lifted be involved in?
They are permitted to be involved in companies engaged in businesses identical or similar to KYE Corporation's current business scope, such as computer peripherals and electronics.
How does this decision relate to KYE Corporation's future strategy?
The easing of non-compete restrictions is considered a strategic move to better leverage directors' experience and networks, making it easier to capture new business opportunities.
What is the relationship with the related company in China?
Some of the directors whose restrictions were lifted serve as directors or chairpersons at a related company in China (Dongguan KYE Computer Products Co., Ltd.), which is involved in the R&D, production, and sales of computer peripherals and other products.