[Fu Hsing] Announcement regarding the lifting of non-compete restrictions for directors
Fu Hsing Industry announced that the shareholders' meeting on May 22 approved the lifting of non-compete restrictions for four directors.
📋 Article Processing Timeline
- 📰 Published: May 22, 2026 at 09:00
- 🔍 Collected: May 23, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 24, 2026 at 09:21 (25h 21m after Collected)
1. Date of shareholder resolution: May 22, 2026
2. Names and titles of directors permitted to engage in competitive behavior:
Directors: Lin Rui-zhang, Chen Jian-kun, Zhu Rong-he, Lin Wen-xing
3. Items permitted: Performing operational duties at companies with similar or identical business scopes to Fu Hsing.
4. Period: Duration of the current term of the directors.
5. Resolution status: Approved without objection.
6. Directors involved in mainland China operations: Lin Rui-zhang, Chen Jian-kun, Zhu Rong-he, Lin Wen-xing.
7. Positions held in mainland China:
Lin Rui-zhang: Director, Aiteke Security Technology (Shanghai) Co., Ltd.
Chen Jian-kun: Chairman/Director of Fu Hong Metal Industry (Changshu) Co., Ltd., Ziyong Hardware Products (Taicang) Co., Ltd., and Aiteke Security Technology (Shanghai) Co., Ltd.
Zhu Rong-he: Director, Fu Hong Metal Industry (Changshu) Co., Ltd. and Ziyong Hardware Products (Taicang) Co., Ltd.
Lin Wen-xing: Director, Ziyong Hardware Products (Taicang) Co., Ltd. and Fu Hong Metal Industry (Changshu) Co., Ltd.
8. Addresses of mainland entities:
Aiteke Security Technology (Shanghai): Rm 412, 4th Fl., No. 11, Lane 4666, Gonghe Xin Rd, Zhabei District, Shanghai.
Ziyong Hardware Products (Taicang): Beside 204 National Highway, Nanjiao Management Area, Chengxiang Town, Taicang City, Jiangsu.
Fu Hong Metal Industry (Changshu): No. 120, Huangpu River Rd, Changshu High-tech Industrial Development Zone, Jiangsu.
9. Business scope of mainland entities:
Aiteke: Sales of door closers and floor hinges.
Ziyong: Manufacturing and sales of metal die-cast products and surface treatments.
Fu Hong: Manufacturing and sales of locks and parts.
10. Financial impact: None.
11. Investment amounts/ratios: None.
12. Other: None.
2. Names and titles of directors permitted to engage in competitive behavior:
Directors: Lin Rui-zhang, Chen Jian-kun, Zhu Rong-he, Lin Wen-xing
3. Items permitted: Performing operational duties at companies with similar or identical business scopes to Fu Hsing.
4. Period: Duration of the current term of the directors.
5. Resolution status: Approved without objection.
6. Directors involved in mainland China operations: Lin Rui-zhang, Chen Jian-kun, Zhu Rong-he, Lin Wen-xing.
7. Positions held in mainland China:
Lin Rui-zhang: Director, Aiteke Security Technology (Shanghai) Co., Ltd.
Chen Jian-kun: Chairman/Director of Fu Hong Metal Industry (Changshu) Co., Ltd., Ziyong Hardware Products (Taicang) Co., Ltd., and Aiteke Security Technology (Shanghai) Co., Ltd.
Zhu Rong-he: Director, Fu Hong Metal Industry (Changshu) Co., Ltd. and Ziyong Hardware Products (Taicang) Co., Ltd.
Lin Wen-xing: Director, Ziyong Hardware Products (Taicang) Co., Ltd. and Fu Hong Metal Industry (Changshu) Co., Ltd.
8. Addresses of mainland entities:
Aiteke Security Technology (Shanghai): Rm 412, 4th Fl., No. 11, Lane 4666, Gonghe Xin Rd, Zhabei District, Shanghai.
Ziyong Hardware Products (Taicang): Beside 204 National Highway, Nanjiao Management Area, Chengxiang Town, Taicang City, Jiangsu.
Fu Hong Metal Industry (Changshu): No. 120, Huangpu River Rd, Changshu High-tech Industrial Development Zone, Jiangsu.
9. Business scope of mainland entities:
Aiteke: Sales of door closers and floor hinges.
Ziyong: Manufacturing and sales of metal die-cast products and surface treatments.
Fu Hong: Manufacturing and sales of locks and parts.
10. Financial impact: None.
11. Investment amounts/ratios: None.
12. Other: None.
FAQ
What is the non-compete restriction for directors?
Under company law, directors are restricted from engaging in competing activities to prevent conflicts of interest.
Why is the waiver necessary?
The waiver is required to legally allow directors to hold concurrent positions in subsidiaries or related companies, following a shareholder resolution.
Who approved this resolution?
The resolution was approved without objection at the Fu Hsing Industry shareholders' meeting held on May 22.