[Ruentex] Shareholders Approve Competition Waiver for New Directors
Ruentex Development approved a competition waiver for six new directors at its 2026 annual shareholders' meeting on May 20.
📋 Article Processing Timeline
- 📰 Published: May 20, 2026 at 09:00
- 🔍 Collected: May 21, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 21, 2026 at 09:56 (1h 56m after Collected)
1. Date of Shareholders' Meeting Resolution: May 20, 2026
2. Names and Titles of Directors Permitted to Engage in Competitive Activities:
- Ying-Jia Investment Co., Ltd., Representative: Jian Cang-zhen, Director
- Ying-Jia Investment Co., Ltd., Representative: Yin Chong-yao, Director
- Ruentex Global Co., Ltd., Representative: Xu Sheng-yu, Director
- Ruentex Global Co., Ltd., Representative: Huang Ming-duan, Director
- Lu Yu-mei, Director
- Xie Shang-xian, Independent Director
3. Items Permitted for Competitive Activities:
Due to the fact that the company's directors may have investments in or operate other companies with the same or similar business scope.
4. Period of Permission for Competitive Activities: During their tenure as directors of the company.
5. Resolution Status: Passed at the annual shareholders' meeting on May 20, 2026, with over two-thirds of shareholders representing issued shares in attendance, and a majority of voting rights of the attending shareholders in favor.
6. Names and Titles of Directors if competitive activities involve business in Mainland China: N/A
7. Company name and position in Mainland China: N/A
8. Address of Mainland China operations: N/A
9. Business items in Mainland China: N/A
10. Impact on the company's financial and business operations: N/A
11. Investment amount and shareholding ratio for Mainland China business: N/A
12. Other matters: None
2. Names and Titles of Directors Permitted to Engage in Competitive Activities:
- Ying-Jia Investment Co., Ltd., Representative: Jian Cang-zhen, Director
- Ying-Jia Investment Co., Ltd., Representative: Yin Chong-yao, Director
- Ruentex Global Co., Ltd., Representative: Xu Sheng-yu, Director
- Ruentex Global Co., Ltd., Representative: Huang Ming-duan, Director
- Lu Yu-mei, Director
- Xie Shang-xian, Independent Director
3. Items Permitted for Competitive Activities:
Due to the fact that the company's directors may have investments in or operate other companies with the same or similar business scope.
4. Period of Permission for Competitive Activities: During their tenure as directors of the company.
5. Resolution Status: Passed at the annual shareholders' meeting on May 20, 2026, with over two-thirds of shareholders representing issued shares in attendance, and a majority of voting rights of the attending shareholders in favor.
6. Names and Titles of Directors if competitive activities involve business in Mainland China: N/A
7. Company name and position in Mainland China: N/A
8. Address of Mainland China operations: N/A
9. Business items in Mainland China: N/A
10. Impact on the company's financial and business operations: N/A
11. Investment amount and shareholding ratio for Mainland China business: N/A
12. Other matters: None
FAQ
When was the competition waiver for Ruentex approved?
It was approved at the annual shareholders' meeting on May 20, 2026.
How many directors are subject to the waiver?
A total of 6 directors, including Jian Cang-zhen.
What is the background of this decision?
To facilitate concurrent appointments and investments within the group, and optimize governance.