What is the purpose of Jinli-KY lifting non-compete restrictions?

To optimize management resources and strengthen integration with mainland affiliates.

Could this lead to conflicts of interest?

The company states it will manage risks through enhanced oversight and governance.

What businesses do the mainland companies operate?

They engage in footwear, apparel, plastic products, and advanced composites.

Is executive cross-appointment common among Taiwan-listed firms?

Yes, especially in manufacturing, within controlled affiliate networks.

How will oversight be strengthened?

Through independent directors and audit committees to monitor conflicts.

Jinli-KY Announces Shareholders' Meeting Resolution to Lift Non-Competition Restrictions for Newly Appointed Directors

Published Jun 23, 2026 9:00 AM ・ Updated Jun 24, 2026 5:32 PM ・ 6 min read ・ Source: PR Times

Jinli-KY has resolved at its shareholders' meeting to lift non-competition restrictions for newly appointed directors and independent directors, permitting them to hold concurrent positions in companies with similar business scopes, including operations in mainland China. The company states there will be no impact on its financial or operational performance.

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

2. Names and Titles of Directors Permitted to Engage in Competitive Activities: - Director: Zhuang Chun-Long - Director: Chen Hong-Lin - Director: Cai Yong-Long - Director: Xue You-Wei - Independent Director: Chen Jin-De - Independent Director: Ye Ming - Independent Director: Luo Ping

3. Scope of Permitted Competitive Activities: Companies engaged in businesses identical or similar to the company's own business operations.

4. Duration of Permitted Competitive Activities: Throughout the term of their directorship at the company.

5. Voting Outcome (as required under Article 209 of the Company Act): Following a vote, the resolution was approved as proposed.

6. Directors Engaged in Competitive Activities with Mainland China-Based Enterprises (Enter 'Not Applicable' if none): - Director: Zhuang Chun-Long - Director: Chen Hong-Lin - Independent Director: Luo Ping

7. Company Names and Positions Held in Mainland China-Based Enterprises: - Director: Zhuang Chun-Long • Ai Qi (Fujian) Footwear & Plastic Co., Ltd.: Chairman • Golden Apple (China) Co., Ltd.: Chairman • Jinjiang Ai Qi Plastic Products Co., Ltd.: General Manager • Changtai Golden Apple Industrial Co., Ltd.: Chairman

- Director: Chen Hong-Lin • Golden Apple (China) Co., Ltd.: E-commerce Sales Director

- Independent Director: Luo Ping • Xiamen Hongji Weiye Composite Materials Technology Co., Ltd.: Deputy Project Director

8. Addresses of Mainland China-Based Enterprises: - Ai Qi (Fujian) Footwear & Plastic Co., Ltd.: Shuanggou Industrial Zone, Meiling Subdistrict, Jinjiang City, Fujian Province - Golden Apple (China) Co., Ltd.: Shuanggou Industrial Zone, Meiling Subdistrict, Jinjiang City, Fujian Province - Jinjiang Ai Qi Plastic Products Co., Ltd.: Shuanggou Industrial Zone, Meiling Subdistrict, Jinjiang City, Fujian Province - Changtai Golden Apple Industrial Co., Ltd.: Xingtao Industrial Park, Changtai Economic Development Zone, Zhangzhou City, Fujian Province - Xiamen Hongji Weiye Composite Materials Technology Co., Ltd.: No. 69 Jixiang Road, Tong'an District, Xiamen City, Fujian Province, China

9. Business Activities of Mainland China-Based Enterprises: - Ai Qi (Fujian) Footwear & Plastic Co., Ltd.: Footwear and apparel manufacturing - Golden Apple (China) Co., Ltd.: Footwear and apparel manufacturing - Jinjiang Ai Qi Plastic Products Co., Ltd.: Plastic product manufacturing - Changtai Golden Apple Industrial Co., Ltd.: Footwear and apparel manufacturing - Xiamen Hongji Weiye Composite Materials Technology Co., Ltd.: Advanced composite materials products

10. Impact on the Company's Financial and Operational Performance: None

11. Directors' Investment Amounts and Shareholding Ratios in Mainland China-Based Enterprises: None

12. Other Matters to be Disclosed: None

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Source: PR Times
Category: News

Jinli-KY Announces Shareholders' Meeting Resolution to Lift Non-Competition Restrictions for Newly Appointed Directors

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