Shareholders approve waiver of non-compete restrictions for directors
Qingxin-Chuang announced that shareholders approved the waiver of non-compete obligations for four directors, including Chang Fang-cheng, during the AGM on May 22, 2026. This includes activities in Mainland China.
📋 Article Processing Timeline
- 📰 Published: May 22, 2026 at 09:00
- 🔍 Collected: May 23, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 25, 2026 at 07:16 (47h 16m after Collected)
1. Date of shareholder meeting resolution: May 22, 2026
2. Names and titles of directors permitted to engage in competitive activities:
- Director Chang Fang-cheng (Representative of RSEA Environmental Protection Technology Co., Ltd.)
- Director Chang Yung-tien (Representative of RSEA Environmental Protection Technology Co., Ltd.)
- Director Tsai Mei-chun (Representative of RSEA Environmental Protection Technology Co., Ltd.)
- Director Chen Sung-yuan
3. Items of permitted competitive activities: Companies with the same or similar business scope as the Company.
4. Period of permitted competitive activities: During the term of office as a director.
5. Resolution details (pursuant to Article 209 of the Company Act): Approved at the annual general meeting on May 22, 2026, with over two-thirds of the total issued shares present and more than half of the voting rights of shareholders present in agreement.
6. Directors and titles for competitive activities in Mainland China:
- Director Chang Fang-cheng (Representative of RSEA Environmental Protection Technology Co., Ltd.)
- Director Chang Yung-tien (Representative of RSEA Environmental Protection Technology Co., Ltd.)
7. Names and titles of directors in Mainland China businesses:
- Chang Fang-cheng: Chairman of Beijing Runtai Environmental Protection Technology, Chairman of Jiangsu Suqian Runtai Environmental Protection Technology, Chairman of Yuncheng Runtai Environmental Protection Technology, Chairman of Rizhao Panyue Environmental Protection Technology.
- Chang Yung-tien: Director of Jiangsu Suqian Runtai Environmental Protection Technology, Director of Rizhao Panyue Environmental Protection Technology.
8. Addresses of businesses in Mainland China: (Details omitted for brevity, refer to original list).
9. Business scope of Mainland China operations: Medical and industrial waste incineration, physico-chemical treatment, solidification, landfill, waste collection, environmental engineering, and wholesale of environmental equipment.
10. Impact on financial and business operations: None.
11. Investment amount and shareholding ratio in Mainland China business: None.
12. Other items to disclose: None.
2. Names and titles of directors permitted to engage in competitive activities:
- Director Chang Fang-cheng (Representative of RSEA Environmental Protection Technology Co., Ltd.)
- Director Chang Yung-tien (Representative of RSEA Environmental Protection Technology Co., Ltd.)
- Director Tsai Mei-chun (Representative of RSEA Environmental Protection Technology Co., Ltd.)
- Director Chen Sung-yuan
3. Items of permitted competitive activities: Companies with the same or similar business scope as the Company.
4. Period of permitted competitive activities: During the term of office as a director.
5. Resolution details (pursuant to Article 209 of the Company Act): Approved at the annual general meeting on May 22, 2026, with over two-thirds of the total issued shares present and more than half of the voting rights of shareholders present in agreement.
6. Directors and titles for competitive activities in Mainland China:
- Director Chang Fang-cheng (Representative of RSEA Environmental Protection Technology Co., Ltd.)
- Director Chang Yung-tien (Representative of RSEA Environmental Protection Technology Co., Ltd.)
7. Names and titles of directors in Mainland China businesses:
- Chang Fang-cheng: Chairman of Beijing Runtai Environmental Protection Technology, Chairman of Jiangsu Suqian Runtai Environmental Protection Technology, Chairman of Yuncheng Runtai Environmental Protection Technology, Chairman of Rizhao Panyue Environmental Protection Technology.
- Chang Yung-tien: Director of Jiangsu Suqian Runtai Environmental Protection Technology, Director of Rizhao Panyue Environmental Protection Technology.
8. Addresses of businesses in Mainland China: (Details omitted for brevity, refer to original list).
9. Business scope of Mainland China operations: Medical and industrial waste incineration, physico-chemical treatment, solidification, landfill, waste collection, environmental engineering, and wholesale of environmental equipment.
10. Impact on financial and business operations: None.
11. Investment amount and shareholding ratio in Mainland China business: None.
12. Other items to disclose: None.
FAQ
Why is the non-compete restriction for directors being waived?
To legally authorize directors to concurrently serve at related group companies.
What is the legal basis for this decision?
It is approved through a shareholder resolution in accordance with Article 209 of the Company Act.