Chang Guang Announces Shareholders' Approval of Director Non-Compete Waiver at 115th Annual General Meeting
Key facts
- Chang Guang Announces Shareholders' Approval of Director Non-Compete Waiver at 115th Annual General Meeting
- At its 115th annual general meeting held on June 24, 2026, Chang Guang passed a resolution permitting certain directors to engage in competitive business activities during their tenure, with no impact on the company's financial or operational performance.
- Source: PR Times
- Date: June 24, 2026
Direct answer
At its 115th annual general meeting held on June 24, 2026, Chang Guang passed a resolution permitting certain directors to engage in competitive business activities during their tenure, with no impact on the company's financial or operational performance.
- Citation
- Chang Guang Announces Shareholders' Approval of Director Non-Compete Waiver at 115th Annual General Meeting (June 24, 2026), PR Times
- Source
- PR Times
- Date
- June 24, 2026
At its 115th annual general meeting held on June 24, 2026, Chang Guang passed a resolution permitting certain directors to engage in competitive business activities during their tenure, with no impact on the company's financial or operational performance.
📋 Article Processing Timeline
- 📰 Published: June 24, 2026 at 09:00
- 🔍 Collected: June 25, 2026 at 17:00 (32h 0m after Published)
- 🤖 AI Analyzed: June 25, 2026 at 17:32 (32 min after Collected)
1. Date of Shareholders' Meeting Resolution: 115/06/24
2. Names and Titles of Directors Permitted to Engage in Competitive Activities:
(1) Chairman: Liao Heng-Ning, Representative of Eternal Materials Industrial Co., Ltd.
(2) Director: Sun Wei-Jie, Representative of Eternal Materials Industrial Co., Ltd.
(3) Director: Lu Jing-Lai, Representative of Wanrun Technology Co., Ltd.
3. Approved Competitive Activities:
(1) Chairman: Liao Heng-Ning, Representative of Eternal Materials Industrial Co., Ltd.
Eternal Materials Industrial Co., Ltd. – Director and General Manager
Eternal (China) Investment Co., Ltd. – Director
ETERNAL MATERIALS SINGAPORE PTE.LTD. – Director
(2) Director: Sun Wei-Jie, Representative of Eternal Materials Industrial Co., Ltd.
Eternal Materials Industrial Co., Ltd., Electronic Materials Division – Chief Operating Officer
Eternal (Guangzhou) Optoelectronic Materials Co., Ltd. – Chairman
Eternal Optoelectronic Materials Industry (Yingkou) Co., Ltd. – Chairman
Eternal Electronics (Suzhou) Co., Ltd. – Chairman
Eternal Technology Corporation – Chairman
Eternal Electronic Materials (Thailand) Co., Ltd. – Chairman
Eternal Materials (Malaysia) Co., Ltd. – Director
Kosei PETFILM Investment Co., Ltd. – Supervisor
(3) Director: Lu Jing-Lai, Representative of Wanrun Technology Co., Ltd.
Phoenix Seven Innovation & Entrepreneurship Investment Co., Ltd. – Director
Phoenix Ten Innovation & Entrepreneurship Investment Co., Ltd. – Director
Beike Star 2 Venture Capital Co., Ltd. – Director
ALL RING TECH MALAYSIA SDN. BHD. – Director
4. Duration of Approved Competitive Activities: During the tenure as director of the company.
5. Voting Outcome (Pursuant to Article 209 of the Company Act):
This proposal was approved with more than two-thirds of issued shares represented, and a majority of voting rights from attending shareholders in favor.
6. Directors Engaging in Competitive Activities Related to Mainland China Businesses (Enter 'Not Applicable' if none):
(1) Chairman: Liao Heng-Ning, Representative of Eternal Materials Industrial Co., Ltd.
(2) Director: Sun Wei-Jie, Representative of Eternal Materials Industrial Co., Ltd.
7. Company Names and Positions Held in Mainland China Businesses:
(1) Chairman: Liao Heng-Ning, Representative of Eternal Materials Industrial Co., Ltd.
Eternal (China) Investment Co., Ltd. – Director
(2) Director: Sun Wei-Jie, Representative of Eternal Materials Industrial Co., Ltd.
Eternal (Guangzhou) Optoelectronic Materials Co., Ltd. – Chairman
Eternal Optoelectronic Materials Industry (Yingkou) Co., Ltd. – Chairman
Eternal Electronics (Suzhou) Co., Ltd. – Chairman
8. Addresses of Mainland China Businesses:
(1) Eternal (China) Investment Co., Ltd.: No. 1397, Yishan Road, Xuhui District, Shanghai
(2) Eternal (Guangzhou) Optoelectronic Materials Co., Ltd.: No. 8, Ruihe Road, Science City, Guangzhou High-Tech Industrial Development Zone, Guangdong Province
(3) Eternal Optoelectronic Materials Industry (Yingkou) Co., Ltd.: No. 102, Xin Hai Avenue, Coastal Industrial Base, Yingkou City, Liaoning Province
(4) Eternal Electronics (Suzhou) Co., Ltd.: No. 2, Huaqiao Road, Hushuguan Town, Suzhou High-Tech Zone, Jiangsu Province
9. Business Operations of Mainland China Entities:
(1) Eternal (China) Investment Co., Ltd.: Circuit boards, investment, and consulting services
(2) Eternal (Guangzhou) Optoelectronic Materials Co., Ltd.: Dry film photoresist
(3) Eternal Optoelectronic Materials Industry (Yingkou) Co., Ltd.: Dry film photoresist
(4) Eternal Electronics (Suzhou) Co., Ltd.: Dry film photoresist
10. Impact on Company's Financial and Business Operations: None
11. Directors' Investment Amounts and Shareholding Ratios in Mainland China Businesses: None
12. Other Disclosures: None
2. Names and Titles of Directors Permitted to Engage in Competitive Activities:
(1) Chairman: Liao Heng-Ning, Representative of Eternal Materials Industrial Co., Ltd.
(2) Director: Sun Wei-Jie, Representative of Eternal Materials Industrial Co., Ltd.
(3) Director: Lu Jing-Lai, Representative of Wanrun Technology Co., Ltd.
3. Approved Competitive Activities:
(1) Chairman: Liao Heng-Ning, Representative of Eternal Materials Industrial Co., Ltd.
Eternal Materials Industrial Co., Ltd. – Director and General Manager
Eternal (China) Investment Co., Ltd. – Director
ETERNAL MATERIALS SINGAPORE PTE.LTD. – Director
(2) Director: Sun Wei-Jie, Representative of Eternal Materials Industrial Co., Ltd.
Eternal Materials Industrial Co., Ltd., Electronic Materials Division – Chief Operating Officer
Eternal (Guangzhou) Optoelectronic Materials Co., Ltd. – Chairman
Eternal Optoelectronic Materials Industry (Yingkou) Co., Ltd. – Chairman
Eternal Electronics (Suzhou) Co., Ltd. – Chairman
Eternal Technology Corporation – Chairman
Eternal Electronic Materials (Thailand) Co., Ltd. – Chairman
Eternal Materials (Malaysia) Co., Ltd. – Director
Kosei PETFILM Investment Co., Ltd. – Supervisor
(3) Director: Lu Jing-Lai, Representative of Wanrun Technology Co., Ltd.
Phoenix Seven Innovation & Entrepreneurship Investment Co., Ltd. – Director
Phoenix Ten Innovation & Entrepreneurship Investment Co., Ltd. – Director
Beike Star 2 Venture Capital Co., Ltd. – Director
ALL RING TECH MALAYSIA SDN. BHD. – Director
4. Duration of Approved Competitive Activities: During the tenure as director of the company.
5. Voting Outcome (Pursuant to Article 209 of the Company Act):
This proposal was approved with more than two-thirds of issued shares represented, and a majority of voting rights from attending shareholders in favor.
6. Directors Engaging in Competitive Activities Related to Mainland China Businesses (Enter 'Not Applicable' if none):
(1) Chairman: Liao Heng-Ning, Representative of Eternal Materials Industrial Co., Ltd.
(2) Director: Sun Wei-Jie, Representative of Eternal Materials Industrial Co., Ltd.
7. Company Names and Positions Held in Mainland China Businesses:
(1) Chairman: Liao Heng-Ning, Representative of Eternal Materials Industrial Co., Ltd.
Eternal (China) Investment Co., Ltd. – Director
(2) Director: Sun Wei-Jie, Representative of Eternal Materials Industrial Co., Ltd.
Eternal (Guangzhou) Optoelectronic Materials Co., Ltd. – Chairman
Eternal Optoelectronic Materials Industry (Yingkou) Co., Ltd. – Chairman
Eternal Electronics (Suzhou) Co., Ltd. – Chairman
8. Addresses of Mainland China Businesses:
(1) Eternal (China) Investment Co., Ltd.: No. 1397, Yishan Road, Xuhui District, Shanghai
(2) Eternal (Guangzhou) Optoelectronic Materials Co., Ltd.: No. 8, Ruihe Road, Science City, Guangzhou High-Tech Industrial Development Zone, Guangdong Province
(3) Eternal Optoelectronic Materials Industry (Yingkou) Co., Ltd.: No. 102, Xin Hai Avenue, Coastal Industrial Base, Yingkou City, Liaoning Province
(4) Eternal Electronics (Suzhou) Co., Ltd.: No. 2, Huaqiao Road, Hushuguan Town, Suzhou High-Tech Zone, Jiangsu Province
9. Business Operations of Mainland China Entities:
(1) Eternal (China) Investment Co., Ltd.: Circuit boards, investment, and consulting services
(2) Eternal (Guangzhou) Optoelectronic Materials Co., Ltd.: Dry film photoresist
(3) Eternal Optoelectronic Materials Industry (Yingkou) Co., Ltd.: Dry film photoresist
(4) Eternal Electronics (Suzhou) Co., Ltd.: Dry film photoresist
10. Impact on Company's Financial and Business Operations: None
11. Directors' Investment Amounts and Shareholding Ratios in Mainland China Businesses: None
12. Other Disclosures: None
FAQ
What is Chang Guang's non-compete waiver resolution?
A shareholder resolution permitting representative directors to serve in affiliated companies.
Which directors are allowed to engage in competing activities?
Liao Heng-Ning, Sun Wei-Jie from Eternal Materials, and Lu Jing-Lai from Wanrun Tech.
Do they hold positions in mainland China firms?
Yes, in four companies including Eternal (China) Investment Co., Ltd.
Does this affect the company's finances?
The company states there is no impact on financial or business operations.
What business does Chang Guang operate?
Mainly electronic materials such as dry film photoresists.