What is the purpose of Ichia's non-compete waiver resolution?

To enhance cross-strait operational integration and management efficiency by legally permitting dual roles in affiliated mainland China entities.

Which mainland China companies are involved in the director appointments?

Companies in Suzhou, Zhongshan, Shanghai, and Dongguan engaged in electronics and semiconductors.

Does this resolution affect Ichia's financials?

The company states there is no significant impact on its financial or business performance.

What was the shareholder approval rate?

85.77% of voting rights present supported the resolution.

Will similar cases increase in the future?

Yes, as operational efficiency becomes critical amid geopolitical supply chain risks.

Ichia Approves Waiver of Non-Competition Restrictions for Newly Appointed Directors at 2026 Annual Shareholders Meeting

Published Jun 16, 2026 9:00 AM ・ Updated Jun 19, 2026 4:59 PM ・ 6 min read ・ Source: PR Times

At its 115th annual shareholders meeting held on June 16, 2026, Ichia Technology approved a resolution permitting certain directors to engage in competitive business activities during their tenure. The approved activities primarily involve companies in mainland China operating in similar sectors, with no significant impact on the company's financial or operational performance.

1. Shareholders Meeting Resolution Date: June 16, 2026 (115/06/16)

2. Names and Titles of Directors Permitted to Engage in Competitive Activities: Directors: Huang Qiu-Yong, Huang Li-Ling, Huang Zi-Xuan, Tseng Kung-Sheng Independent Directors: Hsu Wan-Long, Hsu Yu-Tung, Liu Chih-Hung

3. Scope of Permitted Competitive Activities: Companies engaged in businesses identical or similar to those of the company

4. Duration of Permitted Competitive Activities: During the period of serving as a director of the company

5. Voting Outcome (as required by Article 209 of the Company Act): The resolution was passed by vote. Favorable votes: 188,264,843 rights (85.77% of total voting rights present), Opposing votes: 1,178,828 rights, Invalid votes: 0 rights, Abstentions/Non-votes: 30,046,187 rights. As favorable votes exceeded the statutory threshold, the resolution was approved.

6. Directors Engaged in Competitive Activities Involving Mainland China-Based Businesses (Enter 'Not Applicable' if none): Independent Director: Hsu Yu-Tung Directors: Huang Qiu-Yong, Huang Li-Ling, Tseng Kung-Sheng

7. Mainland China-Based Companies and Positions Held: ICHIA HOLDINGS (H.K) CO., LTD – Chairman: Huang Qiu-Yong; Director: Huang Li-Ling Ichia Electronics (Suzhou) Co., Ltd – Chairman & General Manager: Tseng Kung-Sheng; Director: Huang Li-Ling Zhongshan Ichiyung Electronics Co., Ltd – Chairman & General Manager: Tseng Kung-Sheng; Director: Huang Li-Ling Jinghong Microelectronics (Shanghai) Co., Ltd – Chairman: Hsu Yu-Tung Dongguan Jinghong Semiconductor Co., Ltd – Chairman: Hsu Yu-Tung

8. Addresses of Mainland China-Based Companies: ICHIA HOLDINGS (H.K) CO., LTD – Room 1004, Kwok Wai Centre, 151 Gloucester Road, Wan Chai, Hong Kong Ichia Electronics (Suzhou) Co., Ltd – No.118 Jinshan Road, Suzhou New District, Suzhou, Jiangsu Province Zhongshan Ichiyung Electronics Co., Ltd – No.26 Yixian Road, Zhangjiabian Torch Development Zone, Zhongshan, Guangdong Province Jinghong Microelectronics (Shanghai) Co., Ltd – 3rd Floor, Building 15, No.481 Guiping Road, Xuhui District, Shanghai Dongguan Jinghong Semiconductor Co., Ltd – Unit 808, Building 1, No.2 Zongbu 2nd Road, Songshan Lake Park, Dongguan, Guangdong Province

9. Business Activities of Mainland China-Based Companies: ICHIA HOLDINGS (H.K) CO., LTD – Investment operations Ichia Electronics (Suzhou) Co., Ltd – Manufacturing and sales of rubber, plastic keys, and flexible printed circuits Zhongshan Ichiyung Electronics Co., Ltd – Manufacturing, processing, and trading of electronic, communication, and computer components and materials Jinghong Microelectronics (Shanghai) Co., Ltd – IC sales and after-sales services Dongguan Jinghong Semiconductor Co., Ltd – IC research and development, sales, and after-sales services

10. Impact on the Company's Financial and Business Operations: No significant impact

11. Directors' Investment Amounts and Shareholding Ratios in Mainland China-Based Companies: None

12. Other Matters to be Disclosed: None

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Source: PR Times
Category: News
Organizations: ICHIA HOLDINGS (H.K) CO., LTD

Ichia Approves Waiver of Non-Competition Restrictions for Newly Appointed Directors at 2026 Annual Shareholders Meeting

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