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.

Yieh Corporation Announces Shareholder Meeting Resolution to Lift Non-Competition Restrictions for New Directors and Independent Directors

Published Jun 24, 2026 9:00 AM ・ Updated Jun 25, 2026 6:28 PM ・ 5 min read ・ Source: PR Times

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.

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

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Source: PR Times
Category: News

Yieh Corporation Announces Shareholder Meeting Resolution to Lift Non-Competition Restrictions for New Directors and Independent Directors

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