[Longhwa] Shareholder meeting approved the waiver of non-compete restrictions for new directors and their representatives
Longhwa Electronics approved the waiver of non-compete restrictions for its directors at the shareholder meeting on June 4, 2026. This includes the concurrent management of mainland China operations by Wang Ya-hsuan and others.
📋 Article Processing Timeline
- 📰 Published: June 4, 2026 at 09:00
- 🔍 Collected: June 5, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: June 7, 2026 at 05:28 (45h 27m after Collected)
1. Date of shareholder meeting resolution: June 4, 2026
2. Names and titles of directors permitted to engage in competitive activities:
- Directors: Wang Ya-hsuan, Lin Kun-ming (Representative of Hsin-Ching Investment Development Co., Ltd.), Wang Chao-ping (Representative of Hsin-Ching Investment Development Co., Ltd.), Chang Chih-chuan (Representative of Chung-Hua Investment Co., Ltd.), Cheng Cheng-mao (Representative of Chung-Hua Investment Co., Ltd.)
- Independent Directors: Li Shu-ping, Wei Yun-ting, Liao Fang-hsuan, Yu Chun-ming
3. Items permitted: Investing in or operating companies with the same or similar business scope as the Company.
4. Permitted duration: During the tenure as a director of the Company.
5. Resolution status (pursuant to Article 209 of the Company Act): 50,037,489 votes in favor (99.41% of voting rights), 10,858 against, 282,538 abstained/unvoted. The resolution was passed.
6. Directors involved in business in mainland China: Wang Ya-hsuan
7. Name and position held in the mainland China business: Wang Ya-hsuan / Chairman and General Manager of Chengtai Electronics (Wujiang) Co., Ltd.
8. Address of the mainland China business: No. 168 Ludang Road, Economic and Technological Development Zone, Wujiang City.
9. Business items of the mainland China business: Manufacturing of IP set-top boxes.
10. Impact on the company's financial and business operations: None.
11. Investment amount and shareholding ratio in the mainland China business: N/A.
12. Other matters: None.
2. Names and titles of directors permitted to engage in competitive activities:
- Directors: Wang Ya-hsuan, Lin Kun-ming (Representative of Hsin-Ching Investment Development Co., Ltd.), Wang Chao-ping (Representative of Hsin-Ching Investment Development Co., Ltd.), Chang Chih-chuan (Representative of Chung-Hua Investment Co., Ltd.), Cheng Cheng-mao (Representative of Chung-Hua Investment Co., Ltd.)
- Independent Directors: Li Shu-ping, Wei Yun-ting, Liao Fang-hsuan, Yu Chun-ming
3. Items permitted: Investing in or operating companies with the same or similar business scope as the Company.
4. Permitted duration: During the tenure as a director of the Company.
5. Resolution status (pursuant to Article 209 of the Company Act): 50,037,489 votes in favor (99.41% of voting rights), 10,858 against, 282,538 abstained/unvoted. The resolution was passed.
6. Directors involved in business in mainland China: Wang Ya-hsuan
7. Name and position held in the mainland China business: Wang Ya-hsuan / Chairman and General Manager of Chengtai Electronics (Wujiang) Co., Ltd.
8. Address of the mainland China business: No. 168 Ludang Road, Economic and Technological Development Zone, Wujiang City.
9. Business items of the mainland China business: Manufacturing of IP set-top boxes.
10. Impact on the company's financial and business operations: None.
11. Investment amount and shareholding ratio in the mainland China business: N/A.
12. Other matters: None.
FAQ
Why is the non-compete restriction waived?
To allow directors to engage in similar businesses while maintaining legal compliance and transparency for group-wide cooperation.
Is this procedure related to Company Law?
Yes, it requires shareholder approval under Article 209 of the Company Act of Taiwan.
What is the investment amount in the mainland China business?
The disclosure states this is not applicable.