Ruentex Development Passes Resolution to Waive Non-Compete Restrictions for New Directors
Ruentex Development (9945) approved the waiver of non-compete restrictions for new directors, including Mr. Jian Cang-zhen, at its annual general meeting.
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- 📰 Published: May 21, 2026 at 06:31
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Announcement Date: 115/05/20
Company Code: 9945
Company Name: Ruentex Development
Subject: Resolution passed at the 115 annual general meeting regarding the waiver of non-compete restrictions for new directors.
Explanation:
1. Date of shareholder meeting resolution: 115/05/20
2. Names and titles of directors permitted to engage in competitive behavior:
Representative of Yingjia Investment: Jian Cang-zhen, Director
Representative of Yingjia Investment: Yin Chong-yao, Director
Representative of Ruentex Global: Xu Sheng-yu, Director
Representative of Ruentex Global: Huang Ming-duan, Director
Lu Yu-mei, Director
Xie Shang-xian, Independent Director
3. Permitted competitive activities: Directors participating in investment or management of companies with business scopes identical or similar to the company.
4. Duration: During their term as directors of the company.
5. Resolution result: Approved by over half of the voting rights of attending shareholders, with over two-thirds of total issued shares represented.
6. Business in Mainland China: Not applicable
Company Code: 9945
Company Name: Ruentex Development
Subject: Resolution passed at the 115 annual general meeting regarding the waiver of non-compete restrictions for new directors.
Explanation:
1. Date of shareholder meeting resolution: 115/05/20
2. Names and titles of directors permitted to engage in competitive behavior:
Representative of Yingjia Investment: Jian Cang-zhen, Director
Representative of Yingjia Investment: Yin Chong-yao, Director
Representative of Ruentex Global: Xu Sheng-yu, Director
Representative of Ruentex Global: Huang Ming-duan, Director
Lu Yu-mei, Director
Xie Shang-xian, Independent Director
3. Permitted competitive activities: Directors participating in investment or management of companies with business scopes identical or similar to the company.
4. Duration: During their term as directors of the company.
5. Resolution result: Approved by over half of the voting rights of attending shareholders, with over two-thirds of total issued shares represented.
6. Business in Mainland China: Not applicable
FAQ
Why is it necessary to waive the non-compete restriction for directors?
It allows directors to engage in management or investment in other similar businesses without violating the Company Act regarding conflict of interest.
Is this waiver indefinite?
No, it is valid only during the director's term of office at the company.
Are dual appointments within the Ruentex Group common?
Dual appointments are common to share resources among group companies, but resolutions at shareholder meetings are legally required.