What is the legal basis for Maike's competitive activity approval?

Approved under Article 209 of the Company Act via special shareholder resolution.

How does mainland involvement affect finances?

As a 100% subsidiary, results are consolidated under the equity method.

What changes with this resolution?

Directors can now hold concurrent roles in affiliated firms, enhancing integration.

Maike Announces Shareholders' Meeting Resolution to Lift Directors' Non-Competition Restrictions

Published Jun 23, 2026 9:00 AM ・ Updated Jun 24, 2026 5:45 PM ・ 4 min read ・ Source: PR Times

On June 23, 2026, Maike's annual shareholders' meeting resolved to permit certain directors to engage in competitive business activities, including investments and management roles in companies with similar operations, in compliance with Article 209 of the Company Act.

1. Shareholders' Meeting Resolution Date: June 23, 2026

2. Names and Titles of Directors Permitted to Engage in Competitive Activities: (1) Director: Zhao Yuan-Shan, Representative of Henglang Co., Ltd. (2) Director: Zhao Yuan-Qi, Representative of Henglang Co., Ltd. (3) Director: Lin Jun-Hong, Representative of Henglang Co., Ltd. (4) Director: Hu Yi-Kan (5) Director: Chen Hui-You (6) Director: Zhou Jia-Ju (7) Independent Director: Pan Rong-Chun (8) Independent Director: Xiang Zhi-Zhong (9) Independent Director: Zhang Min-Yu

3. Approved Competitive Activities: Investing in, operating, or managing other companies whose business scope is identical or similar to that of the company

4. Duration of Approved Competitive Activities: During the term of serving as a director of the company

5. Voting Outcome (as per Article 209 of the Company Act): The proposal was approved with over two-thirds of issued shares represented at the meeting, and more than half of the voting rights of attending shareholders in favor.

6. Directors Engaging in Competitive Activities in Mainland China (Enter 'Not Applicable' if none): (1) Zhao Yuan-Shan, Representative of Henglang Co., Ltd. / Director (2) Lin Jun-Hong, Representative of Henglang Co., Ltd. / Director

7. Company Name and Position Held in the Mainland China Entity: (1) Huizhou Huiliqin Electronic Technology Co., Ltd. – Chairman (2) Huizhou Huiliqin Electronic Technology Co., Ltd. – General Manager

8. Address of the Mainland China Entity: No. 1 Nantang Road, Chenjiang Subdistrict, Zhongkai High-Tech Zone, Huizhou City, Guangdong Province

9. Business Scope of the Mainland China Entity: Manufacturing and trading of electronic components

10. Impact on the Company's Financial and Operational Status: The mainland entity is a wholly-owned (100%) subsidiary of the company; investment gains and losses are recognized under the equity method.

11. If any director has invested in the mainland entity, state investment amount and ownership percentage: Not applicable

12. Other Matters to be Disclosed: None

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Source: PR Times
Category: News

Maike Announces Shareholders' Meeting Resolution to Lift Directors' Non-Competition Restrictions

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