Hung Chin Announces Shareholders' Approval to Lift Non-Compete Restrictions on Directors and Their Representatives
Key facts
- Hung Chin Announces Shareholders' Approval to Lift Non-Compete Restrictions on Directors and Their Representatives
- On June 15, 115, Hung Chin's annual shareholders' meeting approved lifting non-compete restrictions for certain directors during their term, allowing them to engage in business activities within the company's scope. The resolution complies with Article 209 of the Company Act and has no financial impact.
- Source: PR Times
- Date: June 15, 2026
Direct answer
On June 15, 115, Hung Chin's annual shareholders' meeting approved lifting non-compete restrictions for certain directors during their term, allowing them to engage in business activities within the company's scope. The resolution complies with Article 209 of the Company Act and has no financial impact.
- Citation
- Hung Chin Announces Shareholders' Approval to Lift Non-Compete Restrictions on Directors and Their Representatives (June 15, 2026), PR Times
- Source
- PR Times
- Date
- June 15, 2026
On June 15, 115, Hung Chin's annual shareholders' meeting approved lifting non-compete restrictions for certain directors during their term, allowing them to engage in business activities within the company's scope. The resolution complies with Article 209 of the Company Act and has no financial impact.
📋 Article Processing Timeline
- 📰 Published: June 15, 2026 at 09:00
- 🔍 Collected: June 16, 2026 at 17:00 (32h 0m after Published)
- 🤖 AI Analyzed: June 16, 2026 at 18:32 (1h 32m after Collected)
1. Shareholders' meeting resolution date: 115/06/15
2. Names and titles of directors permitted to engage in competitive activities:
Director: Weng De-Kuei, representative of Hong Cheng Investment Co., Ltd.
Director: Li You-Zheng
Director: Wu Zi-Sheng
Independent Director: Xiao Yao-Gui
3. Permitted competitive activities: Directors may conduct business activities within the company's operational scope for themselves or others.
4. Duration of permitted competitive activities: During their term of office.
5. Resolution outcome (voting results per Article 209 of the Company Act): Approved by more than two-thirds of issued shares present, with over half of attending shareholders' voting rights in favor.
6. Directors involved in business operations in Mainland China (enter 'Not applicable' if not applicable):
Director: Weng De-Kuei, representative of Hong Cheng Investment Co., Ltd.
7. Name and position held in the Mainland China enterprise:
Hung Chin Xingye Precision Technology (Suzhou) Co., Ltd. – Supervisor
8. Address of the Mainland China enterprise:
No. 1378, Xinzhuang Avenue, Xinzhuang Town, Changshu City, Jiangsu Province
9. Business activities of the Mainland China enterprise:
Sales and after-sales services of machinery equipment and electronic products
10. Impact on the company's financial and business operations: None
11. If directors have invested in the Mainland China enterprise, state investment amount and shareholding ratio: Not applicable
12. Other matters to be disclosed: None.
2. Names and titles of directors permitted to engage in competitive activities:
Director: Weng De-Kuei, representative of Hong Cheng Investment Co., Ltd.
Director: Li You-Zheng
Director: Wu Zi-Sheng
Independent Director: Xiao Yao-Gui
3. Permitted competitive activities: Directors may conduct business activities within the company's operational scope for themselves or others.
4. Duration of permitted competitive activities: During their term of office.
5. Resolution outcome (voting results per Article 209 of the Company Act): Approved by more than two-thirds of issued shares present, with over half of attending shareholders' voting rights in favor.
6. Directors involved in business operations in Mainland China (enter 'Not applicable' if not applicable):
Director: Weng De-Kuei, representative of Hong Cheng Investment Co., Ltd.
7. Name and position held in the Mainland China enterprise:
Hung Chin Xingye Precision Technology (Suzhou) Co., Ltd. – Supervisor
8. Address of the Mainland China enterprise:
No. 1378, Xinzhuang Avenue, Xinzhuang Town, Changshu City, Jiangsu Province
9. Business activities of the Mainland China enterprise:
Sales and after-sales services of machinery equipment and electronic products
10. Impact on the company's financial and business operations: None
11. If directors have invested in the Mainland China enterprise, state investment amount and shareholding ratio: Not applicable
12. Other matters to be disclosed: None.
FAQ
Who is permitted to engage in competitive activities?
Directors翁德奎, 李友錚, 吳梓生, and independent director 蕭耀貴.
Is there involvement in mainland China operations?
Yes, 翁德奎 serves as supervisor at Hung Chin Xingye in Suzhou.
What is the legal basis for this resolution?
Approved under Article 209 of Taiwan's Company Act.