What is the purpose of Hai Guang's non-compete waiver?

To enhance group-wide operational synergy by formally allowing directors to serve in affiliated companies.

How does this resolution affect shareholders?

The company states no financial impact, with potential long-term value through improved management efficiency.

What business does Zhengtong Environmental Technology operate?

An affiliated firm focused on green manufacturing processes and waste recycling technologies.

What does Dongguan Mingyao Metal Products do?

Manufactures and sells industrial metal fasteners in Dongguan, serving automotive and construction sectors.

Is this type of governance common in Taiwan's manufacturing sector?

Yes, cross-directorships and holding-company models are standard for operational efficiency.

Hai Guang Announces 115th Annual Shareholders' Meeting Resolution to Lift Directors' Non-Competition Restrictions

Published Jun 25, 2026 9:00 AM ・ Updated Jun 27, 2026 2:55 PM ・ 4 min read ・ Source: PR Times

On June 25, 115 (2026), Hai Guang's annual shareholders' meeting resolved to permit certain directors to engage in competitive business activities under specific conditions. The decision, compliant with Article 209 of the Company Act, allows such activities during their directorship, provided they do not harm the company's interests.

1. Shareholders' Meeting Resolution Date: 115/06/25

2. Names and Titles of Directors Permitted to Engage in Competitive Activities: - Director: Huang Wei-Han - Director: Wu Yong-Ci, legal representative of Yu-Zhan Investment Co., Ltd. - Director: Huang Can-Ming, legal representative of You-Ming Investment Co., Ltd.

3. Approved Competitive Activities: - Director Huang Wei-Han: Representative Director and Chairman of Zhengtong Environmental Technology Co., Ltd. - Director Wu Yong-Ci (representing Yu-Zhan Investment): Representative Director of Zhengtong Environmental Technology Co., Ltd. - Director Huang Can-Ming (representing You-Ming Investment): Representative Director and General Manager of Zhengtong Environmental Technology Co., Ltd.; Chairman of Dongguan Mingyao Metal Products Co., Ltd.

The approved competitive activities involve companies with business scopes identical or similar to Hai Guang's, strictly limited to cases where no damage is caused to Hai Guang's interests.

4. Duration of Approved Competitive Activities: Throughout the period during which the individuals serve as directors of Hai Guang.

5. Voting Outcome (as per Article 209 of the Company Act): Approved by resolution at the 115th Annual Shareholders' Meeting.

6. Directors Engaging in Competitive Activities Involving Mainland China-based Businesses: Huang Can-Ming, Director

7. Name and Position Held in the Mainland China-based Business: Dongguan Mingyao Metal Products Co., Ltd., Chairman

8. Address of the Mainland China-based Business: No. 83, Tianxin Tangwei, Tianxin Community, Tangxia Town, Dongguan City, Guangdong Province

9. Business Scope of the Mainland China-based Entity: Manufacturing and sales of fasteners

10. Impact on Hai Guang's Financial and Operational Status: None

11. If any investment has been made by the director in the said Mainland China-based business, including investment amount and shareholding ratio: 0

12. Other Matters to be Disclosed: None

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Source: PR Times
Category: News

Hai Guang Announces 115th Annual Shareholders' Meeting Resolution to Lift Directors' Non-Competition Restrictions

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