What is the purpose of Rechi lifting non-compete restrictions?

To respect director expertise and diversity while maximizing synergy among affiliated companies.

Which directors are permitted to engage in competing activities?

Eight directors, including representatives from Sampo, Sharp, CSC, and two independents.

Are there competing activities in mainland China?

Directors Feng Mingfa, Chen Shengquan, and Liu Hongyi hold positions in mainland firms.

Does this affect Rechi's financials?

The company states there is no impact on finances or operations, with no investments made.

How long is the permission valid?

Only during their tenure as directors of Rechi Company.

Rechi Announces Shareholders' Resolution to Lift Non-Compete Restrictions for Directors

Published Jun 12, 2026 9:00 AM ・ Updated Jun 14, 2026 12:09 AM ・ 9 min read ・ Source: PR Times

Rechi's shareholders approved a resolution on June 12, 2026, to lift non-compete restrictions for eight directors, allowing them to serve in similar or related businesses during their tenure. The company states there is no financial or operational impact.

1. Shareholders' Meeting Resolution Date: 115/06/12

2. Names and Titles of Directors Permitted to Engage in Competitive Activities: (1) Sampo Corporation Representative: Chen Sheng-Tian, Director (2) Sampo Corporation Representative: Yang Cheng-Min, Director (3) Sampo Corporation Representative: Feng Ming-Fa, Director (4) Chuan-Pao Investment Co., Ltd. Representative: Chen Sheng-Chuan, Director (5) Sharp Corporation (Japan) Representative: Masahisa Masuo, Director (6) China Steel Corporation Representative: Liu Hong-Yi, Director (7) Huang Pao-Hui, Independent Director (8) Chen Chang-Hao, Independent Director

3. Permitted Competitive Activities: Serving as directors, managers, or employees in companies within or similar to the company's business scope.

4. Duration of Permitted Competitive Activities: During the period in which the individual serves as a director of the company.

5. Resolution Outcome (Voting Results per Article 209 of the Company Act): The proposal was approved by vote.

6. Directors Engaged in Competitive Activities in Mainland China-Based Businesses (Enter "Not Applicable" if not applicable): (1) Sampo Corporation Representative: Feng Ming-Fa, Director (2) Chuan-Pao Investment Co., Ltd. Representative: Chen Sheng-Chuan, Director (3) China Steel Corporation Representative: Liu Hong-Yi, Director

7. Mainland China-Based Companies and Positions Held by the Directors: (1) Feng Ming-Fa, Director A. GR Holdings (Hong Kong) Limited – Chairman B. Rechi Refrigeration Machinery (Dongguan) Co., Ltd. – Director C. Dongguan Rechi Compressor Co., Ltd. – Director D. TCL Rechi (Huizhou) Refrigeration Equipment Co., Ltd. – Director E. Rechi Precision Machinery (Huizhou) Co., Ltd. – Director F. Qingdao Rechi Electromechanical Sales Co., Ltd. – Director

(2) Chen Sheng-Chuan, Director A. Dongguan Saintber Electronics Co., Ltd. – Director

(3) Liu Hong-Yi, Director A. Chongqing Huihong Automotive Components Co., Ltd. – Director

8. Addresses of the Mainland China-Based Companies: (1) Feng Ming-Fa, Director A. GR Holdings (Hong Kong) Limited: Units 1610–1611, Integrated Centre, 302–308 Hennessy Road, Wan Chai, Hong Kong B. Rechi Refrigeration Machinery (Dongguan) Co., Ltd.: No. 38, Gaoke 3rd Road, Xinlian High-Tech Industrial Zone, Humen Town, Dongguan City C. Dongguan Rechi Compressor Co., Ltd.: No. 38, Gaoke 3rd Road, Xinlian High-Tech Industrial Zone, Humen Town, Dongguan City D. TCL Rechi (Huizhou) Refrigeration Equipment Co., Ltd.: Lot 7, Zhongkai High-Tech Development Zone, Huizhou City E. Rechi Precision Machinery (Huizhou) Co., Ltd.: Lot 7, Zhongkai High-Tech Development Zone, Huizhou City F. Qingdao Rechi Electromechanical Sales Co., Ltd.: No. 500, Fenjin Road, Huangdao District, Qingdao City (3rd Floor, Assembly Workshop)

(2) Chen Sheng-Chuan, Director A. Dongguan Saintber Electronics Co., Ltd.: Building B, Xintai Industrial Park, Lundo Road, Qisha Village, Shatian Town, Dongguan City, Guangdong Province

(3) Liu Hong-Yi, Director A. Chongqing Huihong Automotive Components Co., Ltd.: No. 88, Tonggui 3rd Road, Yufengshan Town, Yubei District, Chongqing, China

9. Business Activities of the Mainland China-Based Companies: (1) Feng Ming-Fa, Director A. GR Holdings (Hong Kong) Limited: Investment business B. Rechi Refrigeration Machinery (Dongguan) Co., Ltd.: Motor manufacturing C. Dongguan Rechi Compressor Co., Ltd.: Compressor motor manufacturing D. TCL Rechi (Huizhou) Refrigeration Equipment Co., Ltd.: Compressor assembly E. Rechi Precision Machinery (Huizhou) Co., Ltd.: Compressor components F. Qingdao Rechi Electromechanical Sales Co., Ltd.: Sales of compressors and components

(2) Chen Sheng-Chuan, Director A. Dongguan Saintber Electronics Co., Ltd.: Manufacturing and sales of electronic products

(3) Liu Hong-Yi, Director A. Chongqing Huihong Automotive Components Co., Ltd.: Automotive parts manufacturing

10. Impact on the Company's Financial and Business Operations: None

11. If any director has invested in the aforementioned mainland China-based businesses, the investment amount and shareholding ratio: None

12. Other Matters to be Disclosed: None

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Source: PR Times
Category: News
Organizations: GR Holdings(Hong Kong)Limited
Dates in source: 115/06/12

Rechi Announces Shareholders' Resolution to Lift Non-Compete Restrictions for Directors

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