Yi Wang Company Shareholders Approve Removal of Non-Competition Restrictions for New Directors and Their Representatives
Key facts
- Yi Wang Company Shareholders Approve Removal of Non-Competition Restrictions for New Directors and Their Representatives
- Yi Wang's shareholders have approved the removal of non-competition restrictions for certain directors and independent directors, allowing them to engage in business activities similar to the company's operations during their term, provided that such activities do not harm the company's interests.
- Source: PR Times
- Date: June 26, 2026
Direct answer
Yi Wang's shareholders have approved the removal of non-competition restrictions for certain directors and independent directors, allowing them to engage in business activities similar to the company's operations during their term, provided that such activities do not harm the company's interests.
- Citation
- Yi Wang Company Shareholders Approve Removal of Non-Competition Restrictions for New Directors and Their Representatives (June 26, 2026), PR Times
- Source
- PR Times
- Date
- June 26, 2026
Yi Wang's shareholders have approved the removal of non-competition restrictions for certain directors and independent directors, allowing them to engage in business activities similar to the company's operations during their term, provided that such activities do not harm the company's interests.
📋 Article Processing Timeline
- 📰 Published: June 26, 2026 at 09:00
- 🔍 Collected: June 27, 2026 at 17:00 (32h 0m after Published)
- 🤖 AI Analyzed: June 27, 2026 at 18:41 (1h 41m after Collected)
1. Shareholders' Meeting Resolution Date: June 26, 115
2. Names and Titles of Directors Permitted to Engage in Competitive Activities:
Director: Chen Kun-Mu, Legal Representative of Muteng International Investment Co., Ltd.
Director: Chen Kun-Song, Legal Representative of Songze International Investment Co., Ltd.
Independent Director: Liu Zhi-Xiong
Independent Director: Li Zhi-Ren
3. Approved Competitive Activities:
Investment in or operation of businesses with the same scope as the company, provided that such activities do not harm the company's interests.
4. Duration of Approved Competitive Activities: During the period of serving as a director of the company.
5. Resolution Outcome (Voting Results under Article 209 of the Company Act):
The resolution was approved by vote.
6. Directors Engaging in Competitive Activities Related to Businesses in Mainland China (Enter 'Not Applicable' if not applicable):
Director: Chen Kun-Mu, Legal Representative of Muteng International Investment Co., Ltd.
Director: Chen Kun-Song, Legal Representative of Songze International Investment Co., Ltd.
Independent Director: Liu Zhi-Xiong
7. Company Names and Positions Held in Mainland China Businesses:
Director: Chen Kun-Mu, Legal Representative of Muteng International Investment Co., Ltd.
Chairman, Jiangsu Dewang Digital Technology Co., Ltd.
Chairman, Zhangjiagang Hetait Chemical Co., Ltd.
Chairman, Zhangjiagang Zhuanjie Chemical Co., Ltd.
Director: Chen Kun-Song, Legal Representative of Songze International Investment Co., Ltd.
Director, Jiangsu Dewang Digital Technology Co., Ltd.
Vice Chairman, Zhangjiagang Hetait Chemical Co., Ltd.
Vice Chairman, Zhangjiagang Zhuanjie Chemical Co., Ltd.
Independent Director: Liu Zhi-Xiong
Director, Lixing Plastics (Shenzhen) Co., Ltd.
8. Addresses of Mainland China Businesses:
(1) Jiangsu Dewang Digital Technology Co., Ltd.: No. 10 Wuhu Road, Port Industrial Park, Fenghuang Town, Zhangjiagang City, Jiangsu Province
(2) Zhangjiagang Hetait Chemical Co., Ltd.: No. 10 Wuhu Road, West Zone, Port Industrial Park, Fenghuang Town, Zhangjiagang City, Jiangsu Province
(3) Zhangjiagang Zhuanjie Chemical Co., Ltd.: No. 10 Wuhu Road, West Zone, Port Industrial Park, Fenghuang Town, Zhangjiagang City, Jiangsu Province
(4) Lixing Plastics (Shenzhen) Co., Ltd.: 1st to 4th Floors, Building D, 10th Industrial Zone, Tianliao Community, Gongming Office, Guangming New District, Shenzhen City
9. Business Operations of Mainland China Entities:
(1) Jiangsu Dewang Digital Technology Co., Ltd.:
Digital technology R&D, technical services, dye production and sales, digital printing ink, textile dyes and auxiliaries production and sales.
(2) Zhangjiagang Hetait Chemical Co., Ltd.:
Manufacturing, processing, and sales of dyes and textile chemical products; chemical product sales; import and export trade.
(3) Zhangjiagang Zhuanjie Chemical Co., Ltd.:
Manufacturing, processing, and sales of dyes and related chemical products; import and export trade.
(4) Lixing Plastics (Shenzhen) Co., Ltd.:
Production and sales of computer plastic components, floppy disk drive plastic parts, and printer plastic parts.
10. Impact on the Company's Financial and Business Operations: None
11. If Directors Have Invested in the Mainland China Businesses, the Investment Amount and Shareholding Ratio: Not Applicable
12. Other Matters to Be Disclosed: None
2. Names and Titles of Directors Permitted to Engage in Competitive Activities:
Director: Chen Kun-Mu, Legal Representative of Muteng International Investment Co., Ltd.
Director: Chen Kun-Song, Legal Representative of Songze International Investment Co., Ltd.
Independent Director: Liu Zhi-Xiong
Independent Director: Li Zhi-Ren
3. Approved Competitive Activities:
Investment in or operation of businesses with the same scope as the company, provided that such activities do not harm the company's interests.
4. Duration of Approved Competitive Activities: During the period of serving as a director of the company.
5. Resolution Outcome (Voting Results under Article 209 of the Company Act):
The resolution was approved by vote.
6. Directors Engaging in Competitive Activities Related to Businesses in Mainland China (Enter 'Not Applicable' if not applicable):
Director: Chen Kun-Mu, Legal Representative of Muteng International Investment Co., Ltd.
Director: Chen Kun-Song, Legal Representative of Songze International Investment Co., Ltd.
Independent Director: Liu Zhi-Xiong
7. Company Names and Positions Held in Mainland China Businesses:
Director: Chen Kun-Mu, Legal Representative of Muteng International Investment Co., Ltd.
Chairman, Jiangsu Dewang Digital Technology Co., Ltd.
Chairman, Zhangjiagang Hetait Chemical Co., Ltd.
Chairman, Zhangjiagang Zhuanjie Chemical Co., Ltd.
Director: Chen Kun-Song, Legal Representative of Songze International Investment Co., Ltd.
Director, Jiangsu Dewang Digital Technology Co., Ltd.
Vice Chairman, Zhangjiagang Hetait Chemical Co., Ltd.
Vice Chairman, Zhangjiagang Zhuanjie Chemical Co., Ltd.
Independent Director: Liu Zhi-Xiong
Director, Lixing Plastics (Shenzhen) Co., Ltd.
8. Addresses of Mainland China Businesses:
(1) Jiangsu Dewang Digital Technology Co., Ltd.: No. 10 Wuhu Road, Port Industrial Park, Fenghuang Town, Zhangjiagang City, Jiangsu Province
(2) Zhangjiagang Hetait Chemical Co., Ltd.: No. 10 Wuhu Road, West Zone, Port Industrial Park, Fenghuang Town, Zhangjiagang City, Jiangsu Province
(3) Zhangjiagang Zhuanjie Chemical Co., Ltd.: No. 10 Wuhu Road, West Zone, Port Industrial Park, Fenghuang Town, Zhangjiagang City, Jiangsu Province
(4) Lixing Plastics (Shenzhen) Co., Ltd.: 1st to 4th Floors, Building D, 10th Industrial Zone, Tianliao Community, Gongming Office, Guangming New District, Shenzhen City
9. Business Operations of Mainland China Entities:
(1) Jiangsu Dewang Digital Technology Co., Ltd.:
Digital technology R&D, technical services, dye production and sales, digital printing ink, textile dyes and auxiliaries production and sales.
(2) Zhangjiagang Hetait Chemical Co., Ltd.:
Manufacturing, processing, and sales of dyes and textile chemical products; chemical product sales; import and export trade.
(3) Zhangjiagang Zhuanjie Chemical Co., Ltd.:
Manufacturing, processing, and sales of dyes and related chemical products; import and export trade.
(4) Lixing Plastics (Shenzhen) Co., Ltd.:
Production and sales of computer plastic components, floppy disk drive plastic parts, and printer plastic parts.
10. Impact on the Company's Financial and Business Operations: None
11. If Directors Have Invested in the Mainland China Businesses, the Investment Amount and Shareholding Ratio: Not Applicable
12. Other Matters to Be Disclosed: None
FAQ
Why did Yi Wang lift the non-compete restrictions?
To enable strategic coordination among affiliated companies while maintaining governance oversight and protecting shareholder interests.
Does this pose a conflict of interest?
The company has assessed no financial impact, and the roles are disclosed transparently under corporate governance rules.
What businesses do the mainland companies operate?
They focus on dyes, specialty chemicals, and plastic components, complementing Yi Wang's core operations.