Yageo Announces Lifting of Non-Competition Restriction for Directors of its Important Subsidiary, Yufu Digital Finance Co., Ltd.
Yageo announced on May 6, 115 (2026) that the non-competition restrictions for directors Chen Yuan-long and Tao Zhe-ren of its subsidiary, Yufu Digital Finance Co., Ltd., have been lifted. This permits them to engage in businesses similar to the company's scope during their tenure, with specified operations in mainland China.
📋 Article Processing Timeline
- 📰 Published: May 6, 2026 at 09:00
- 🔍 Collected: May 7, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 7, 2026 at 08:56 (56 min after Collected)
Date of Shareholder Meeting Resolution: 115/05/06
Name and Position of Director Permitted to Engage in Non-Compete Activities:
(1) Chen Yuan-long, Assistant Manager, Yulon Management Services Co., Ltd.
(2) Tao Zhe-ren, Senior Manager, Yufu Enterprise Co., Ltd.
Scope of Permitted Non-Compete Activities: Business activities in companies with the same or similar business scope as the Company.
Period of Permitted Non-Compete Activities: During their tenure as directors of this company.
Resolution Details (Explain voting results according to Article 209 of the Company Act):
This matter was approved by the board of directors with no objections, excluding interested directors who abstained.
Directors Engaged in Business in Mainland China (If not a mainland China business, enter 'Not Applicable' below):
Director: Chen Yuan-long
Director: Tao Zhe-ren
Company Name and Position in Mainland China Business:
(1) Director: Chen Yuan-long
Supervisor, Yulon (China) Auto Investment Co., Ltd.
(2) Director: Tao Zhe-ren
Director, Jiangsu Yufu Financing Lease Co., Ltd.
Address of Mainland China Business:
Yulon (China) Auto Investment Co., Ltd.: Room 123, Technology and Culture Center, Linjiang Industrial Park, Xiaoshan District, Hangzhou City
Jiangsu Yufu Financing Lease Co., Ltd.: Room 1118, Building 23, Times Square, Suzhou Industrial Park, China (Jiangsu) Pilot Free Trade Zone Suzhou Area.
Business Items of Mainland China Business:
Yulon (China) Auto Investment Co., Ltd.: Procurement of machinery and equipment, office equipment, and raw materials and components for production, and provision of after-sales services; technical support, employee training, internal human resource management services; research and development of new products and high-tech; provision of market information and investment policy consulting services related to its investment.
Jiangsu Yufu Financing Lease Co., Ltd.: Equipment and vehicle financing leasing business.
Impact on the Company's Financial and Business Operations: None.
If Directors Invest in Mainland China Businesses, Investment Amount and Shareholding Ratio: None.
Other Notes: This matter is handled by the Board of Directors acting on behalf of the Shareholder Meeting.
Name and Position of Director Permitted to Engage in Non-Compete Activities:
(1) Chen Yuan-long, Assistant Manager, Yulon Management Services Co., Ltd.
(2) Tao Zhe-ren, Senior Manager, Yufu Enterprise Co., Ltd.
Scope of Permitted Non-Compete Activities: Business activities in companies with the same or similar business scope as the Company.
Period of Permitted Non-Compete Activities: During their tenure as directors of this company.
Resolution Details (Explain voting results according to Article 209 of the Company Act):
This matter was approved by the board of directors with no objections, excluding interested directors who abstained.
Directors Engaged in Business in Mainland China (If not a mainland China business, enter 'Not Applicable' below):
Director: Chen Yuan-long
Director: Tao Zhe-ren
Company Name and Position in Mainland China Business:
(1) Director: Chen Yuan-long
Supervisor, Yulon (China) Auto Investment Co., Ltd.
(2) Director: Tao Zhe-ren
Director, Jiangsu Yufu Financing Lease Co., Ltd.
Address of Mainland China Business:
Yulon (China) Auto Investment Co., Ltd.: Room 123, Technology and Culture Center, Linjiang Industrial Park, Xiaoshan District, Hangzhou City
Jiangsu Yufu Financing Lease Co., Ltd.: Room 1118, Building 23, Times Square, Suzhou Industrial Park, China (Jiangsu) Pilot Free Trade Zone Suzhou Area.
Business Items of Mainland China Business:
Yulon (China) Auto Investment Co., Ltd.: Procurement of machinery and equipment, office equipment, and raw materials and components for production, and provision of after-sales services; technical support, employee training, internal human resource management services; research and development of new products and high-tech; provision of market information and investment policy consulting services related to its investment.
Jiangsu Yufu Financing Lease Co., Ltd.: Equipment and vehicle financing leasing business.
Impact on the Company's Financial and Business Operations: None.
If Directors Invest in Mainland China Businesses, Investment Amount and Shareholding Ratio: None.
Other Notes: This matter is handled by the Board of Directors acting on behalf of the Shareholder Meeting.