Hanping Lifts Non-Compete Restrictions on Directors at Shareholders' Meeting
Key facts
- Hanping Lifts Non-Compete Restrictions on Directors at Shareholders' Meeting
- At its shareholders' meeting on June 24, 2026, Hanping approved the lifting of non-compete restrictions for three directors, permitting them to continue serving in affiliated companies in Shenzhen and Hong Kong. The financial impact is limited as these are wholly-owned subsidiaries.
- Source: PR Times
- Date: June 24, 2026
Direct answer
At its shareholders' meeting on June 24, 2026, Hanping approved the lifting of non-compete restrictions for three directors, permitting them to continue serving in affiliated companies in Shenzhen and Hong Kong. The financial impact is limited as these are wholly-owned subsidiaries.
- Citation
- Hanping Lifts Non-Compete Restrictions on Directors at Shareholders' Meeting (June 24, 2026), PR Times
- Source
- PR Times
- Date
- June 24, 2026
At its shareholders' meeting on June 24, 2026, Hanping approved the lifting of non-compete restrictions for three directors, permitting them to continue serving in affiliated companies in Shenzhen and Hong Kong. The financial impact is limited as these are wholly-owned subsidiaries.
📋 Article Processing Timeline
- 📰 Published: June 24, 2026 at 09:00
- 🔍 Collected: June 25, 2026 at 17:00 (32h 0m after Published)
- 🤖 AI Analyzed: June 25, 2026 at 18:10 (1h 10m after Collected)
1. Shareholders' Meeting Resolution Date: 115/06/24
2. Names and Titles of Directors Permitted to Engage in Competitive Activities:
(1) Director Liu Shen-Keng
(2) Director Zhu Wen-Xian
(3) Director Wang Xi-Ping
3. Permitted Competitive Activities: Business items identical to the company's current business scope
4. Duration of Permitted Competitive Activities: Throughout their tenure as directors of the company
5. Resolution Outcome (Voting Results per Article 209 of the Company Act): Approved with over two-thirds of issued shares represented and more than half of the voting rights of attending shareholders in favor
6. Directors Engaging in Competitive Activities in Mainland China-Based Businesses (Enter 'Not Applicable' if not applicable):
(1) Director Liu Shen-Keng
(2) Director Zhu Wen-Xian
(3) Director Wang Xi-Ping
7. Company Names and Positions Held in Mainland China-Based Businesses:
(1) Liu Shen-Keng
Hanping Electronics (Shenzhen) Co., Ltd. Chairman
Hanchi Electronics (Shenzhen) Co., Ltd. Chairman
Hanchi Electronics (Hong Kong) Co., Ltd. Representative Director
(2) Zhu Wen-Xian
Hanping Electronics (Shenzhen) Co., Ltd. Director
Hanchi Electronics (Shenzhen) Co., Ltd. Director
Hanchi Electronics (Hong Kong) Co., Ltd. Director
(3) Wang Xi-Ping
Hanping Electronics (Shenzhen) Co., Ltd. Director
Hanchi Electronics (Shenzhen) Co., Ltd. Director
8. Addresses of Mainland China-Based Businesses:
(1) Hanping Electronics (Shenzhen) Co., Ltd.
Address: Phoenix Industrial Zone, Fuyong Subdistrict, Bao'an District, Shenzhen, Guangdong Province
(2) Hanchi Electronics (Shenzhen) Co., Ltd.
Address: No. 60 Xingye 1st Road, Phoenix 1st Industrial Zone, Fuyong Subdistrict, Bao'an District, Shenzhen, Guangdong Province
(3) Hanchi Electronics (Hong Kong) Co., Ltd.
Address: Unit U, 4/F, VALIANT INDUSTRIAL CENTRE, NO. 2-12 AU PUI WAN STREET, FOTAN, SHATIN, N.T., HONG KONG.
9. Business Activities of Mainland China-Based Businesses:
(1) Hanping Electronics (Shenzhen) Co., Ltd.: Manufacturing, sales, and R&D of laser discs and traditional discs
(2) Hanchi Electronics (Shenzhen) Co., Ltd.: Manufacturing, sales, and R&D of laser discs and traditional discs
(3) Hanchi Electronics (Hong Kong) Co., Ltd.: Import and export customs clearance services
10. Impact on the Company's Financial and Business Operations: The aforementioned companies are 100% invested subsidiaries of the company, and investment gains and losses are recognized in accordance with accounting standards.
11. Directors' Investment Amounts and Shareholding Ratios in Mainland China-Based Businesses (if any): None
12. Other Matters to be Disclosed: None
2. Names and Titles of Directors Permitted to Engage in Competitive Activities:
(1) Director Liu Shen-Keng
(2) Director Zhu Wen-Xian
(3) Director Wang Xi-Ping
3. Permitted Competitive Activities: Business items identical to the company's current business scope
4. Duration of Permitted Competitive Activities: Throughout their tenure as directors of the company
5. Resolution Outcome (Voting Results per Article 209 of the Company Act): Approved with over two-thirds of issued shares represented and more than half of the voting rights of attending shareholders in favor
6. Directors Engaging in Competitive Activities in Mainland China-Based Businesses (Enter 'Not Applicable' if not applicable):
(1) Director Liu Shen-Keng
(2) Director Zhu Wen-Xian
(3) Director Wang Xi-Ping
7. Company Names and Positions Held in Mainland China-Based Businesses:
(1) Liu Shen-Keng
Hanping Electronics (Shenzhen) Co., Ltd. Chairman
Hanchi Electronics (Shenzhen) Co., Ltd. Chairman
Hanchi Electronics (Hong Kong) Co., Ltd. Representative Director
(2) Zhu Wen-Xian
Hanping Electronics (Shenzhen) Co., Ltd. Director
Hanchi Electronics (Shenzhen) Co., Ltd. Director
Hanchi Electronics (Hong Kong) Co., Ltd. Director
(3) Wang Xi-Ping
Hanping Electronics (Shenzhen) Co., Ltd. Director
Hanchi Electronics (Shenzhen) Co., Ltd. Director
8. Addresses of Mainland China-Based Businesses:
(1) Hanping Electronics (Shenzhen) Co., Ltd.
Address: Phoenix Industrial Zone, Fuyong Subdistrict, Bao'an District, Shenzhen, Guangdong Province
(2) Hanchi Electronics (Shenzhen) Co., Ltd.
Address: No. 60 Xingye 1st Road, Phoenix 1st Industrial Zone, Fuyong Subdistrict, Bao'an District, Shenzhen, Guangdong Province
(3) Hanchi Electronics (Hong Kong) Co., Ltd.
Address: Unit U, 4/F, VALIANT INDUSTRIAL CENTRE, NO. 2-12 AU PUI WAN STREET, FOTAN, SHATIN, N.T., HONG KONG.
9. Business Activities of Mainland China-Based Businesses:
(1) Hanping Electronics (Shenzhen) Co., Ltd.: Manufacturing, sales, and R&D of laser discs and traditional discs
(2) Hanchi Electronics (Shenzhen) Co., Ltd.: Manufacturing, sales, and R&D of laser discs and traditional discs
(3) Hanchi Electronics (Hong Kong) Co., Ltd.: Import and export customs clearance services
10. Impact on the Company's Financial and Business Operations: The aforementioned companies are 100% invested subsidiaries of the company, and investment gains and losses are recognized in accordance with accounting standards.
11. Directors' Investment Amounts and Shareholding Ratios in Mainland China-Based Businesses (if any): None
12. Other Matters to be Disclosed: None
FAQ
What does lifting non-compete restrictions mean?
It allows directors to hold management roles in competing businesses, ensuring operational continuity.
What is Hanping Electronics (Shenzhen)'s main business?
Manufacturing, sales, and R&D of laser and traditional discs, closely aligned with headquarters.
How does this resolution affect shareholders?
Since subsidiaries are 100% owned, financial impact is consolidated. Governance oversight remains key.