Ruili Announces Shareholders' Resolution to Lift Non-Compete Restrictions for Newly Appointed Directors
Key facts
- Ruili Announces Shareholders' Resolution to Lift Non-Compete Restrictions for Newly Appointed Directors
- On June 24, 2026, Ruili's annual shareholders' meeting resolved to lift non-compete restrictions for seven directors, allowing them to engage in similar business activities during their tenure, including roles at a mainland China-based affiliate, with no impact on the company's financial or operational performance.
- Source: PR Times
- Date: June 24, 2026
Direct answer
On June 24, 2026, Ruili's annual shareholders' meeting resolved to lift non-compete restrictions for seven directors, allowing them to engage in similar business activities during their tenure, including roles at a mainland China-based affiliate, with no impact on the company's financial or operational performance.
- Citation
- Ruili Announces Shareholders' Resolution to Lift Non-Compete Restrictions for Newly Appointed Directors (June 24, 2026), PR Times
- Source
- PR Times
- Date
- June 24, 2026
On June 24, 2026, Ruili's annual shareholders' meeting resolved to lift non-compete restrictions for seven directors, allowing them to engage in similar business activities during their tenure, including roles at a mainland China-based affiliate, with no impact on the company's financial or operational performance.
📋 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 18:06 (1h 6m after Collected)
1. Shareholders' meeting resolution date: 115/06/24
2. Names and titles of directors permitted to engage in competitive activities:
Director: Legal representative of Gangxin Limited - Wu Mingcan
Director: Legal representative of Gangxin Limited - Huang Zhujia
Director: Legal representative of Gangxin Limited - Wu Pinyi
Director: Legal representative of Jianrui Venture Limited - Lin Weihui
Independent Director: Zhuang Baodiao
Independent Director: Zhang Zhixiang
Independent Director: Zheng Chaomu
3. Permitted competitive activities: Companies with business scopes identical or similar to that of the company
4. Duration of permitted competitive activities: During the tenure as director of the company
5. Resolution outcome (voting results as per Article 209 of the Company Act): Approved by vote at the company's annual shareholders' meeting, lifting the non-compete restrictions for the above directors under the condition that the company's interests are not compromised.
6. Directors engaging in competitive activities related to businesses in mainland China (enter 'Not applicable' if not applicable):
Director: Legal representative of Gangxin Limited - Wu Mingcan
Director: Legal representative of Jianrui Venture Limited - Lin Weihui
7. Company name and position held in the mainland China-based business:
Director Wu Mingcan: Hainan Ruidexia Industrial Co., Ltd. - Position: Director
Director Lin Weihui: Hainan Ruidexia Industrial Co., Ltd. - Position: Supervisor
8. Address of the mainland China-based business: No. 19, Xinghai Road, Gang'ao Industrial Development Zone, Haikou City, Hainan Province
9. Business activities of the mainland China-based entity:
Design, mold development, manufacturing, assembly, sales, and maintenance services for automotive door hinges, door check rods, hand brakes, and accelerator and brake pedal assemblies.
10. Impact on the company's financial and business operations: None
11. If directors have invested in the mainland China-based business, investment amount and shareholding ratio: Not applicable
12. Other matters to be disclosed: None
2. Names and titles of directors permitted to engage in competitive activities:
Director: Legal representative of Gangxin Limited - Wu Mingcan
Director: Legal representative of Gangxin Limited - Huang Zhujia
Director: Legal representative of Gangxin Limited - Wu Pinyi
Director: Legal representative of Jianrui Venture Limited - Lin Weihui
Independent Director: Zhuang Baodiao
Independent Director: Zhang Zhixiang
Independent Director: Zheng Chaomu
3. Permitted competitive activities: Companies with business scopes identical or similar to that of the company
4. Duration of permitted competitive activities: During the tenure as director of the company
5. Resolution outcome (voting results as per Article 209 of the Company Act): Approved by vote at the company's annual shareholders' meeting, lifting the non-compete restrictions for the above directors under the condition that the company's interests are not compromised.
6. Directors engaging in competitive activities related to businesses in mainland China (enter 'Not applicable' if not applicable):
Director: Legal representative of Gangxin Limited - Wu Mingcan
Director: Legal representative of Jianrui Venture Limited - Lin Weihui
7. Company name and position held in the mainland China-based business:
Director Wu Mingcan: Hainan Ruidexia Industrial Co., Ltd. - Position: Director
Director Lin Weihui: Hainan Ruidexia Industrial Co., Ltd. - Position: Supervisor
8. Address of the mainland China-based business: No. 19, Xinghai Road, Gang'ao Industrial Development Zone, Haikou City, Hainan Province
9. Business activities of the mainland China-based entity:
Design, mold development, manufacturing, assembly, sales, and maintenance services for automotive door hinges, door check rods, hand brakes, and accelerator and brake pedal assemblies.
10. Impact on the company's financial and business operations: None
11. If directors have invested in the mainland China-based business, investment amount and shareholding ratio: Not applicable
12. Other matters to be disclosed: None
FAQ
What is the purpose of Ruili lifting non-compete restrictions?
To enable flexible management integration between its Taiwan and Hainan operations.
What business activities are conducted in mainland China?
Design and manufacturing of automotive door hinges and brake systems in Hainan.
Does this affect Ruili's financial performance?
The company states there is no impact on its financial or business operations.