What does lifting the non-compete restriction mean for Wan Hai Lines?

It allows for greater flexibility in management's activities, potentially fostering new business opportunities and leveraging expertise. However, managing conflicts of interest remains crucial.

Will this resolution affect other shipping companies?

While not directly impacting them, it may prompt discussions on corporate governance and talent utilization, potentially influencing industry practices.

[Wan Hai Lines] Announcement of Board Resolution to Lift Non-Compete Restrictions for Company Manager

Q: Can executives at Wan Hai Lines hold concurrent positions?

This resolution permits Acting Assistant Manager Chen Zhi-Xian to serve as a director at Shanghai United Ship Agents Co., Ltd. However, this is a specific decision and does not apply to all executives.

Published Jun 11, 2026 9:00 AM ・ Updated Jun 14, 2026 12:04 AM ・ 3 min read ・ Source: PR Times

Wan Hai Lines' board of directors has resolved to lift the non-compete restrictions for its manager, Chen Zhi-Xian, allowing him to serve as a director at Shanghai United Ship Agents Co., Ltd. The resolution was unanimously approved by all attending directors and is not expected to have a significant impact on the company's financial or business operations.

1. Date of Board Resolution: 115/06/11 2. Name and Title of Manager Permitted to Engage in Competitive Activities: Chen Zhi-Xian, Acting Assistant Manager 3. Items Permitted for Competitive Activities: Director of Shanghai United Ship Agents Co., Ltd. 4. Period for Which Competitive Activities are Permitted: During the tenure as a manager of this company 5. Resolution Details (Please explain the voting results in accordance with Article 32 of the Company Act): Unanimously approved by all attending directors. 6. Name and Title of Manager if the Permitted Competitive Activity Involves Business in Mainland China (For activities not involving business in Mainland China, please enter "Not Applicable" below): Chen Zhi-Xian, Acting Assistant Manager 7. Name and Position in the Mainland China Business Entity: Director of Shanghai United Ship Agents Co., Ltd. 8. Address of the Mainland China Business Entity: Room 2205, Haitong Securities Building, 689 Guangdong Road, Shanghai 9. Business Scope of the Mainland China Business Entity: International ship agency services 10. Impact on the Company's Financial and Business Operations: No significant impact on the company's financial and business operations. 11. If the Manager has Investments in the Mainland China Business Entity, Investment Amount and Shareholding Ratio: Not Applicable 12. Other Matters to be Noted: None

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Source: PR Times
Category: 人事
Dates in source: 115/06/11

[Wan Hai Lines] Announcement of Board Resolution to Lift Non-Compete Restrictions for Company Manager

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