What kind of company is Chang Hsing?

A Taiwanese manufacturer specializing in electronic materials and precision components, playing a key role in the supply chain.

Why lift non-compete restrictions for directors?

To leverage director expertise and strengthen collaboration with affiliated firms, a common governance practice in the industry.

How does this decision affect investors?

Limited direct financial impact, but may be viewed as enhancing the company's strategic flexibility.

Which directors are affected by this resolution?

Directors Liao Heng-Ning and Chen Jin-Yuan, who will now serve on boards of related companies.

What is the legal basis for this resolution?

Article 209 of the Taiwan Company Act allows lifting non-compete restrictions via shareholder resolution.

Chang Hsing: 115th Annual Shareholder Meeting Approves Removal of Directors' Non-Compete Restrictions

Published Jun 26, 2026 9:00 AM ・ Updated Jun 27, 2026 5:08 PM ・ 3 min read ・ Source: PR Times

At its 115th annual shareholder meeting, Chang Hsing approved the removal of non-compete restrictions for two directors, allowing them to serve on the boards of other companies. This decision aims to enhance governance flexibility and leverage professional expertise.

1. Date of shareholder meeting resolution: 115/06/26

2. Names and titles of directors permitted to engage in competitive activities: (1) Director Liao Heng-Ning (2) Director Chen Jin-Yuan

3. Approved competitive activities: (1) Director at Chang Guang Precision Machinery Co., Ltd. (2) Director at Da Hsing Materials Co., Ltd.

4. Duration of permitted competitive activities: During the term of their service as directors of the 20th board of directors of the company

5. Resolution outcome (voting results under Article 209 of the Company Act): The proposal was approved as originally submitted. In favor: 629,265,111 votes / 91.20%; Against: 3,424,112 votes / 0.50% Abstentions: 57,253,736 votes / 8.30%; Invalid: 0 votes / 0%

6. Directors' names and titles if the permitted competitive activity involves businesses in Mainland China (enter 'Not applicable' if not applicable): Not applicable

7. Company name and position held in the Mainland China-based business: Not applicable

8. Address of the Mainland China-based business: Not applicable

9. Business activities of the Mainland China-based business: Not applicable

10. Impact on the company's financial and business operations: Not applicable

11. If directors have invested in the Mainland China-based business, investment amount and shareholding ratio: Not applicable

12. Other matters to be disclosed: None

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Source: PR Times
Category: News
Dates in source: 115/06/26

Chang Hsing: 115th Annual Shareholder Meeting Approves Removal of Directors' Non-Compete Restrictions

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