[Daxin Materials] 2026 Shareholders' Meeting Approves Non-Compete Waiver for Directors and Representatives
Daxin Materials held its annual general meeting on May 22, 2026, and approved a resolution waiving the non-compete obligations for its directors and their representatives. The approval covers corporate directors Eternal Materials, Kangli Investment, and three independent directors, authorizing their continued service in concurrent roles.
📋 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 07:11 (23h 11m after Collected)
1. Date of resolution: May 22, 2026
2. Names and titles of directors authorized to engage in competitive activities:
(1) Eternal Materials Industry Co., Ltd., corporate director
(2) Chen Jin-yuan, representative of Eternal Materials Industry Co., Ltd., corporate director representative
(3) Kangli Investment Co., Ltd., corporate director
(4) Lin Ting-li, representative of Kangli Investment Co., Ltd., corporate director representative
(5) Lin Xin-wu, independent director
(6) Zheng Wei-shun, independent director
(7) Cai Zhi-qun, independent director
3. Scope of authorized competitive activities:
(1) Eternal Materials Industry Co., Ltd.: Director at Eternal Global Ltd. (BVI), Eternal Holdings Inc., Mixville Holdings Inc., Eternal Materials Japan, Changyang Development Technology, Eternal Electronic Materials (Thailand), Changguang Precision Machinery, Elga Europe S.r.l., Eternal Technology Corp., Eternal Materials Singapore, Yan-Chuang Capital, Yuchen Materials.
(2) Chen Jin-yuan: Director and Advisor to the General Manager's Office and Chief Industrial Development Strategist at Eternal Materials.
(3) Kangli Investment Co., Ltd.: Director at Carota (Cayman), Chairman at Daji Education, Director at Raydium Semiconductor, Director at PlayNitride (Cayman), Supervisor at Star River Energy, Supervisor at Star Yao No. 2 Energy.
(4) Lin Ting-li: Senior VP at AUO, Director at AFPD Pte. Ltd., Director at Jingzhi Electronics (Xiamen).
(5) Lin Xin-wu: VP and Researcher at Taiwan Institute of Economic Research, Independent Director at Taiwan Business Bank, Chief Compliance Advisor at AUO.
(6) Zheng Wei-shun: Independent Director at Raydium, Chenbro Micom, and Evercom.
(7) Cai Zhi-qun: Independent Director at Leadtrend, Director at Ke-Yi Optoelectronics, Chairman at Hua-Jie Investment, Director at Egis Technology, Representative Director at Hong-Jing Technology.
4. Duration of authorization: During their term as a director of the company.
5. Resolution details: Approved by a majority of shareholders representing over two-thirds of total issued shares.
6. Directors involved in Mainland China businesses: Lin Ting-li (representative of Kangli Investment).
7. Company name and title in Mainland China: Director at Jingzhi Electronics (Xiamen).
8. Address in Mainland China: No. 1998, Fangshan West Road, Torch High-tech Zone (Xiang'an), Xiamen.
9. Business items in Mainland China: Manufacturing, sales, and leasing of liquid crystal optoelectronic products and related components.
10. Impact on financial operations: None.
11. Investment and shareholding ratio: None.
12. Other items: None.
2. Names and titles of directors authorized to engage in competitive activities:
(1) Eternal Materials Industry Co., Ltd., corporate director
(2) Chen Jin-yuan, representative of Eternal Materials Industry Co., Ltd., corporate director representative
(3) Kangli Investment Co., Ltd., corporate director
(4) Lin Ting-li, representative of Kangli Investment Co., Ltd., corporate director representative
(5) Lin Xin-wu, independent director
(6) Zheng Wei-shun, independent director
(7) Cai Zhi-qun, independent director
3. Scope of authorized competitive activities:
(1) Eternal Materials Industry Co., Ltd.: Director at Eternal Global Ltd. (BVI), Eternal Holdings Inc., Mixville Holdings Inc., Eternal Materials Japan, Changyang Development Technology, Eternal Electronic Materials (Thailand), Changguang Precision Machinery, Elga Europe S.r.l., Eternal Technology Corp., Eternal Materials Singapore, Yan-Chuang Capital, Yuchen Materials.
(2) Chen Jin-yuan: Director and Advisor to the General Manager's Office and Chief Industrial Development Strategist at Eternal Materials.
(3) Kangli Investment Co., Ltd.: Director at Carota (Cayman), Chairman at Daji Education, Director at Raydium Semiconductor, Director at PlayNitride (Cayman), Supervisor at Star River Energy, Supervisor at Star Yao No. 2 Energy.
(4) Lin Ting-li: Senior VP at AUO, Director at AFPD Pte. Ltd., Director at Jingzhi Electronics (Xiamen).
(5) Lin Xin-wu: VP and Researcher at Taiwan Institute of Economic Research, Independent Director at Taiwan Business Bank, Chief Compliance Advisor at AUO.
(6) Zheng Wei-shun: Independent Director at Raydium, Chenbro Micom, and Evercom.
(7) Cai Zhi-qun: Independent Director at Leadtrend, Director at Ke-Yi Optoelectronics, Chairman at Hua-Jie Investment, Director at Egis Technology, Representative Director at Hong-Jing Technology.
4. Duration of authorization: During their term as a director of the company.
5. Resolution details: Approved by a majority of shareholders representing over two-thirds of total issued shares.
6. Directors involved in Mainland China businesses: Lin Ting-li (representative of Kangli Investment).
7. Company name and title in Mainland China: Director at Jingzhi Electronics (Xiamen).
8. Address in Mainland China: No. 1998, Fangshan West Road, Torch High-tech Zone (Xiang'an), Xiamen.
9. Business items in Mainland China: Manufacturing, sales, and leasing of liquid crystal optoelectronic products and related components.
10. Impact on financial operations: None.
11. Investment and shareholding ratio: None.
12. Other items: None.
FAQ
Why is the non-compete duty of directors waived?
It is a legal requirement to obtain company approval for concurrent roles to mitigate conflict-of-interest risks under company law.
How does this decision affect shareholders?
It promotes transparent governance and enables directors to apply their expertise across different fields, strengthening inter-company synergy.
Are there specific regulations for business in Mainland China?
Yes, when a Taiwanese company nominates a director for business in Mainland China, specific details on their role and business scope must be disclosed.