[Tung Ho Steel] Shareholders' Meeting Resolution on Waiver of Non-Compete Obligations for New Directors and Representatives
At the shareholders' meeting on May 22, 2026, Tung Ho Steel approved the waiver of non-compete obligations for its newly appointed directors and their representatives. This authorization allows designated directors and their representatives to engage in business activities within the company's scope of operations during their tenure.
📋 Article Processing Timeline
- 📰 Published: May 22, 2026 at 09:00
- 🔍 Collected: May 23, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 24, 2026 at 06:00 (22h 0m after Collected)
1. Date of shareholders' meeting resolution: 2026/05/22
2. Names and titles of directors authorized to engage in competitive activities:
(1) Corporate shareholder: Mao Sheng Investment Co., Ltd.
(2) Director: Mao Sheng Investment Co., Ltd. representative: Hou Chieh-teng.
(3) Director: Mao Sheng Investment Co., Ltd. representative: Lin Chi.
(4) Director: He Chao Investment Co., Ltd. representative: Hou Yu-shu.
(5) Director: He Chao Investment Co., Ltd. representative: Ku Kuan-jen.
(6) Director: Han Lei Investment Ltd. representative: Huang Chih-ming.
(7) Director: Chi Cheng Investment Co., Ltd. representative: Chen Pao-ho.
(8) Director: Mu Chuan Global Capital Co., Ltd. representative: Hou Yen-liang.
(9) Independent Director: Sun Ming-te.
(10) Independent Director: Ko Wen-ling.
3. Scope of competitive activities permitted: Activities conducted by directors and their representatives for themselves or on behalf of others within the company's scope of operations.
4. Period of authorization: During their term as directors of the company.
5. Resolution status: Passed as proposed, with votes in favor exceeding the statutory requirement pursuant to Article 209 of the Company Act.
6. Directors and representatives involved in competitive activities in mainland China:
(1) Mao Sheng Investment Co., Ltd. representative: Hou Chieh-teng, Director.
(2) Mao Sheng Investment Co., Ltd. representative: Lin Chi, Director.
7. Company name and position in mainland China: Fujian Zhongrid Metal Co., Ltd., Director and Chairman.
8. Address of mainland Chinese operations: No. 16, Luoxing Middle Road, Mawei District, Fuzhou City, Fujian Province.
9. Business operations in mainland China: Tinplate.
10. Financial and operational impact: The company currently invests in this mainland Chinese entity through a third region and recognizes investment income using the equity method.
11. Investment amount and equity ratio: N/A.
12. Other matters: None.
2. Names and titles of directors authorized to engage in competitive activities:
(1) Corporate shareholder: Mao Sheng Investment Co., Ltd.
(2) Director: Mao Sheng Investment Co., Ltd. representative: Hou Chieh-teng.
(3) Director: Mao Sheng Investment Co., Ltd. representative: Lin Chi.
(4) Director: He Chao Investment Co., Ltd. representative: Hou Yu-shu.
(5) Director: He Chao Investment Co., Ltd. representative: Ku Kuan-jen.
(6) Director: Han Lei Investment Ltd. representative: Huang Chih-ming.
(7) Director: Chi Cheng Investment Co., Ltd. representative: Chen Pao-ho.
(8) Director: Mu Chuan Global Capital Co., Ltd. representative: Hou Yen-liang.
(9) Independent Director: Sun Ming-te.
(10) Independent Director: Ko Wen-ling.
3. Scope of competitive activities permitted: Activities conducted by directors and their representatives for themselves or on behalf of others within the company's scope of operations.
4. Period of authorization: During their term as directors of the company.
5. Resolution status: Passed as proposed, with votes in favor exceeding the statutory requirement pursuant to Article 209 of the Company Act.
6. Directors and representatives involved in competitive activities in mainland China:
(1) Mao Sheng Investment Co., Ltd. representative: Hou Chieh-teng, Director.
(2) Mao Sheng Investment Co., Ltd. representative: Lin Chi, Director.
7. Company name and position in mainland China: Fujian Zhongrid Metal Co., Ltd., Director and Chairman.
8. Address of mainland Chinese operations: No. 16, Luoxing Middle Road, Mawei District, Fuzhou City, Fujian Province.
9. Business operations in mainland China: Tinplate.
10. Financial and operational impact: The company currently invests in this mainland Chinese entity through a third region and recognizes investment income using the equity method.
11. Investment amount and equity ratio: N/A.
12. Other matters: None.
FAQ
What is the non-compete waiver for Tung Ho Steel directors?
It is an approval process that allows directors to hold concurrent positions in other companies or engage in similar business activities during their term.
Why is this disclosure important?
It ensures transparency regarding corporate governance and potential conflicts of interest, as required by Taiwan's securities regulations.
What is the relationship with Fujian Zhongrid 金属?
It is a steel (tinplate) investment in China owned by Tung Ho Steel; the waiver allows directors to formally hold concurrent roles there.