Yieh Corporation Announces Shareholder Meeting Resolution to Lift Non-Competition Restrictions for New Directors and Independent Directors
Key facts
- Yieh Corporation Announces Shareholder Meeting Resolution to Lift Non-Competition Restrictions for New Directors and Independent Directors
- At the 2026 annual shareholder meeting held on June 24, Yieh Corporation approved the lifting of non-competition restrictions for newly appointed directors and independent directors. The resolution passed with 99.59% approval, and the company stated no financial or operational impact is expected.
- Source: 臺灣證券交易所 TWSE
- Date: June 24, 2026
Direct answer
At the 2026 annual shareholder meeting held on June 24, Yieh Corporation approved the lifting of non-competition restrictions for newly appointed directors and independent directors. The resolution passed with 99.59% approval, and the company stated no financial or operational impact is expected.
- Citation
- Yieh Corporation Announces Shareholder Meeting Resolution to Lift Non-Competition Restrictions for New Directors and Independent Directors (June 24, 2026), 臺灣證券交易所 TWSE
- Source
- 臺灣證券交易所 TWSE
- Date
- June 24, 2026
At the 2026 annual shareholder meeting held on June 24, Yieh Corporation approved the lifting of non-competition restrictions for newly appointed directors and independent directors. The resolution passed with 99.59% approval, and the company stated no financial or operational impact is expected.
📋 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 18:28 (1h 28m after Collected)
1. Shareholder Meeting Resolution Date: June 24, 2026
2. Names and Titles of Directors Permitted to Engage in Competitive Activities: Directors Wu Lin-Mao, Lin Yi-Shou, Huang Chuan-Xiang, Chen Min-Li; Independent Directors Wu Ming-Tong, Zheng Ren-Ying, Yang De-Yuan
3. Permitted Competitive Activities: Projects identical to the company's business scope
4. Duration of Permitted Competitive Activities: Throughout their tenure as directors of the company
5. Voting Outcome (as required by Article 209 of the Company Act):
The resolution was voted upon by a total of 400,809,615 voting rights from attending shareholders.
In favor: 399,179,766 votes (99.59% of total), opposed: 216,005 votes, invalid: 0 votes,
abstained/undervoted: 1,413,844 votes. The favorable votes exceeded the legal threshold, and the resolution was adopted as proposed.
6. Directors Engaging in Competitive Activities with Businesses in Mainland China (or 'N/A' if not applicable): Director Wu Lin-Mao
7. Mainland China Companies and Positions Held:
Wu Lin-Mao / Yieh Hui (China) Technology Materials Co., Ltd. / Director
Wu Lin-Mao / Changshu Chang Hui Trading Co., Ltd. / Director
Wu Lin-Mao / Tianjin Lianfa Precision Steel Co., Ltd. / Director
8. Addresses of Mainland China Companies:
Yieh Hui (China) Technology Materials Co., Ltd. / No. 1 Yieh Hui Road, Yanjiang Industrial Park, Changshu, Jiangsu Province, China
Tianjin Lianfa Precision Steel Co., Ltd. / No. 125 Zhongnan 6th Street, West Zone, Tianjin Economic-Technological Development Area, China
Changshu Chang Hui Trading Co., Ltd. / No. 1 Yieh Hui Road, Yanjiang Industrial Park, Changshu, Jiangsu Province, China
9. Business Activities of Mainland China Companies:
Yieh Hui (China) Technology Materials Co., Ltd. / Main Business: Galvanized and painted steel coils
Tianjin Lianfa Precision Steel Co., Ltd. / Main Business: Manufacturing, processing, and sales of steel products
Changshu Chang Hui Trading Co., Ltd. / Main Business: Wholesale and import/export of various metal products
10. Impact on Company's Financial and Operational Status: None
11. Directors' Investment Amount and Shareholding Ratio in Mainland China Companies (if any): N/A
12. Other Matters to be Disclosed: None
2. Names and Titles of Directors Permitted to Engage in Competitive Activities: Directors Wu Lin-Mao, Lin Yi-Shou, Huang Chuan-Xiang, Chen Min-Li; Independent Directors Wu Ming-Tong, Zheng Ren-Ying, Yang De-Yuan
3. Permitted Competitive Activities: Projects identical to the company's business scope
4. Duration of Permitted Competitive Activities: Throughout their tenure as directors of the company
5. Voting Outcome (as required by Article 209 of the Company Act):
The resolution was voted upon by a total of 400,809,615 voting rights from attending shareholders.
In favor: 399,179,766 votes (99.59% of total), opposed: 216,005 votes, invalid: 0 votes,
abstained/undervoted: 1,413,844 votes. The favorable votes exceeded the legal threshold, and the resolution was adopted as proposed.
6. Directors Engaging in Competitive Activities with Businesses in Mainland China (or 'N/A' if not applicable): Director Wu Lin-Mao
7. Mainland China Companies and Positions Held:
Wu Lin-Mao / Yieh Hui (China) Technology Materials Co., Ltd. / Director
Wu Lin-Mao / Changshu Chang Hui Trading Co., Ltd. / Director
Wu Lin-Mao / Tianjin Lianfa Precision Steel Co., Ltd. / Director
8. Addresses of Mainland China Companies:
Yieh Hui (China) Technology Materials Co., Ltd. / No. 1 Yieh Hui Road, Yanjiang Industrial Park, Changshu, Jiangsu Province, China
Tianjin Lianfa Precision Steel Co., Ltd. / No. 125 Zhongnan 6th Street, West Zone, Tianjin Economic-Technological Development Area, China
Changshu Chang Hui Trading Co., Ltd. / No. 1 Yieh Hui Road, Yanjiang Industrial Park, Changshu, Jiangsu Province, China
9. Business Activities of Mainland China Companies:
Yieh Hui (China) Technology Materials Co., Ltd. / Main Business: Galvanized and painted steel coils
Tianjin Lianfa Precision Steel Co., Ltd. / Main Business: Manufacturing, processing, and sales of steel products
Changshu Chang Hui Trading Co., Ltd. / Main Business: Wholesale and import/export of various metal products
10. Impact on Company's Financial and Operational Status: None
11. Directors' Investment Amount and Shareholding Ratio in Mainland China Companies (if any): N/A
12. Other Matters to be Disclosed: None
FAQ
What is the purpose of lifting the non-compete clause at Yieh Corporation?
To enhance group-wide integration and operational synergy.
Which director holds positions in mainland China companies?
Director Wu Lin-Mao serves on three mainland-affiliated boards.
What was the shareholder approval rate for this resolution?
99.59% of voting rights supported the resolution.
Are there financial risks from lifting non-compete restrictions?
The company assesses no impact and maintains strict conflict management.
Is this practice common in the industry?
Yes, cross-directorship is standard among steel industry groups.