Changho's 115th Shareholders' Meeting Approves Relaxation of Director Non-Compete Clause
At Changho's 115th shareholders' meeting, the board approved the relaxation of non-compete restrictions for five directors, allowing them to engage in similar businesses, particularly through investments or management roles in companies with overlapping operations, including a subsidiary in China.
📋 Article Processing Timeline
- 📰 Published: June 15, 2026 at 09:00
- 🔍 Collected: June 16, 2026 at 17:00 (32h 0m after Published)
- 🤖 AI Analyzed: June 16, 2026 at 17:23 (23 min after Collected)
1. Shareholders' Meeting Resolution Date: June 15, 115
2. Names and Titles of Directors Permitted to Engage in Competitive Activities:
- Director: Chen Ming-ze
- Director: Li Rui-bi
- Director: Chen Yao-xiang
- Independent Director: Guo Jian-xing
- Independent Director: Chen Jian-wen
3. Scope of Permitted Competitive Activities: Investment in or operation of companies with business activities identical or similar to those of the company
4. Duration of Permission: Throughout the term of their directorship at the company
5. Resolution Outcome (Voting Results per Article 209 of the Company Act):
Approved as proposed
6. Directors Engaging in Competitive Activities Related to Businesses in Mainland China (Enter 'Not Applicable' if not applicable):
Director Chen Ming-ze
7. Name of the Mainland China-Based Company and Position Held:
Chairman of Changho Fiber (Shaoxing) Co., Ltd.
8. Address of the Mainland China-Based Company:
No. 8, Weiwu East Road, Shangyu Industrial Park, Zhejiang Province, China
9. Business Scope of the Mainland China-Based Company:
Manufacturing and sales of various fibers, ultra-fine and super-fine fiber yarns, and dyed and finished fabrics
10. Impact on the Company's Financial and Business Operations:
The aforementioned company is a subsidiary of the company; therefore, investment gains and losses are recognized in accordance with accounting standards
11. Directors' Investment Amounts and Shareholding Ratios in the Mainland China-Based Company:
None
12. Other Matters to be Disclosed:
None
2. Names and Titles of Directors Permitted to Engage in Competitive Activities:
- Director: Chen Ming-ze
- Director: Li Rui-bi
- Director: Chen Yao-xiang
- Independent Director: Guo Jian-xing
- Independent Director: Chen Jian-wen
3. Scope of Permitted Competitive Activities: Investment in or operation of companies with business activities identical or similar to those of the company
4. Duration of Permission: Throughout the term of their directorship at the company
5. Resolution Outcome (Voting Results per Article 209 of the Company Act):
Approved as proposed
6. Directors Engaging in Competitive Activities Related to Businesses in Mainland China (Enter 'Not Applicable' if not applicable):
Director Chen Ming-ze
7. Name of the Mainland China-Based Company and Position Held:
Chairman of Changho Fiber (Shaoxing) Co., Ltd.
8. Address of the Mainland China-Based Company:
No. 8, Weiwu East Road, Shangyu Industrial Park, Zhejiang Province, China
9. Business Scope of the Mainland China-Based Company:
Manufacturing and sales of various fibers, ultra-fine and super-fine fiber yarns, and dyed and finished fabrics
10. Impact on the Company's Financial and Business Operations:
The aforementioned company is a subsidiary of the company; therefore, investment gains and losses are recognized in accordance with accounting standards
11. Directors' Investment Amounts and Shareholding Ratios in the Mainland China-Based Company:
None
12. Other Matters to be Disclosed:
None
FAQ
What was decided at Changho's shareholders' meeting?
The board approved competitive activities for five directors, including roles in its China subsidiary.
Does this affect the company's finances?
The entity is a subsidiary, so financial impacts are already included in consolidated reporting.
What business does the China-based company operate?
It manufactures and sells fibers, ultra-fine yarns, and dyed fabrics.