Xunzhou Announces Release of New Directors and Corporate Director Representatives from Non-Competition Restrictions
Key facts
- Xunzhou Announces Release of New Directors and Corporate Director Representatives from Non-Competition Restrictions
- Xunzhou has announced that its newly appointed directors and corporate director representatives have been permitted to engage in competitive business activities during their tenure, approved by shareholders' resolution, with no impact on company finances or operations.
- Source: PR Times
- Date: June 16, 2026
Direct answer
Xunzhou has announced that its newly appointed directors and corporate director representatives have been permitted to engage in competitive business activities during their tenure, approved by shareholders' resolution, with no impact on company finances or operations.
- Citation
- Xunzhou Announces Release of New Directors and Corporate Director Representatives from Non-Competition Restrictions (June 16, 2026), PR Times
- Source
- PR Times
- Date
- June 16, 2026
Xunzhou has announced that its newly appointed directors and corporate director representatives have been permitted to engage in competitive business activities during their tenure, approved by shareholders' resolution, with no impact on company finances or operations.
📋 Article Processing Timeline
- 📰 Published: June 16, 2026 at 09:00
- 🔍 Collected: June 17, 2026 at 17:00 (32h 0m after Published)
- 🤖 AI Analyzed: June 18, 2026 at 16:37 (23h 37m after Collected)
1. Shareholders' Meeting Resolution Date: June 16, 115
2. Names and Titles of Directors Permitted to Engage in Competitive Activities:
Director: Pan Liang-Rong
Director: Li Han-Shen
Corporate Director Representative: Hong Rong-Long (Jia Hua Investment Co., Ltd.)
Corporate Director Representative: Hou De-Jing (Jia Hua Investment Co., Ltd.)
3. Permitted Competitive Business Activities: Business operations identical to the company's current business scope
4. Duration of Permitted Competitive Activities: During the period of serving as directors or corporate director representatives of the company
5. Resolution Outcome (Voting Results under Company Act Article 209): The proposal was approved, with over half of the issued shares represented and more than two-thirds of the voting rights of attending shareholders in favor.
6. Directors Engaging in Competitive Activities Related to Mainland China-Based Businesses (Enter 'Not Applicable' if not applicable): Not Applicable
7. Company Name and Position Held in Such Mainland China-Based Business: Not Applicable
8. Address of Such Mainland China-Based Business: Not Applicable
9. Business Operations of Such Mainland China-Based Business: Not Applicable
10. Impact on the Company's Financial and Business Operations: None
11. If Directors Have Invested in Such Mainland China-Based Business, Investment Amount and Shareholding Ratio: None
12. Other Matters to Be Disclosed: None
2. Names and Titles of Directors Permitted to Engage in Competitive Activities:
Director: Pan Liang-Rong
Director: Li Han-Shen
Corporate Director Representative: Hong Rong-Long (Jia Hua Investment Co., Ltd.)
Corporate Director Representative: Hou De-Jing (Jia Hua Investment Co., Ltd.)
3. Permitted Competitive Business Activities: Business operations identical to the company's current business scope
4. Duration of Permitted Competitive Activities: During the period of serving as directors or corporate director representatives of the company
5. Resolution Outcome (Voting Results under Company Act Article 209): The proposal was approved, with over half of the issued shares represented and more than two-thirds of the voting rights of attending shareholders in favor.
6. Directors Engaging in Competitive Activities Related to Mainland China-Based Businesses (Enter 'Not Applicable' if not applicable): Not Applicable
7. Company Name and Position Held in Such Mainland China-Based Business: Not Applicable
8. Address of Such Mainland China-Based Business: Not Applicable
9. Business Operations of Such Mainland China-Based Business: Not Applicable
10. Impact on the Company's Financial and Business Operations: None
11. If Directors Have Invested in Such Mainland China-Based Business, Investment Amount and Shareholding Ratio: None
12. Other Matters to Be Disclosed: None
FAQ
What does Xunzhou's non-compete waiver mean?
It's a legal procedure under Article 209 of the Company Act, approved by shareholders, indicating governance transparency.
Who was granted competitive activity permission?
Directors Pan Liang-Rong, Li Han-Shen, and corporate representatives Hong Rong-Long and Hou De-Jing from Jia Hua Investment.
What is the impact of this decision?
No financial or operational impact; seen as part of optimizing group-wide corporate roles.