USI (1304) subsidiary, Lian-Ju International Investment, announces waiver of non-compete clauses for new directors
Lian-Ju International Investment, a key subsidiary of USI Corporation, resolved to waive non-compete clauses for four new directors during its board meeting. The waiver is effective for three years starting May 19, 2025.
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- 📰 Published: May 20, 2026 at 06:31
- 🔍 Collected: May 20, 2026 at 06:31 (0 min after Published)
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## Announcement Details
Lian-Ju International Investment Co., Ltd., a key subsidiary of USI Corporation (1304), approved the waiver of non-compete clauses for its newly appointed directors on May 19, 2025.
### Summary
- **Date of Resolution**: May 19, 2025
- **Directors**: Wu Yi-Kuei, Wu Pei-Chi, Yu Wen-Tsung, Huang Ya-Yi
- **Scope**: Waiver of non-compete restrictions provided it does not harm the interests of Lian-Ju International Investment.
- **Duration**: During their tenure as directors from May 19, 2025, to May 18, 2028.
### Concurrent Positions (Mainland China)
The subject directors hold key positions at the following entities:
- Yuefeng Electronics (Kunshan/Guangzhou): Manufacturing and sale of soft ferrite cores.
- Shun-An Coating Technology (Kunshan): Production and sale of release films.
- Shun-Chang Plastic (Tianjin/Kunshan): Production and sale of multi-functional films.
- Fujian Gulei Petrochemical: Crude oil processing, petrochemical product manufacturing, etc.
- Others: Zhangzhou USI Trading, Delta Petrochemical (Zhongshan/Tianjin/Zhangzhou), Ju-Hua (Shanghai) Trading, etc.
This resolution is part of the group's integration of operations and does not negatively impact the company's financials.
Lian-Ju International Investment Co., Ltd., a key subsidiary of USI Corporation (1304), approved the waiver of non-compete clauses for its newly appointed directors on May 19, 2025.
### Summary
- **Date of Resolution**: May 19, 2025
- **Directors**: Wu Yi-Kuei, Wu Pei-Chi, Yu Wen-Tsung, Huang Ya-Yi
- **Scope**: Waiver of non-compete restrictions provided it does not harm the interests of Lian-Ju International Investment.
- **Duration**: During their tenure as directors from May 19, 2025, to May 18, 2028.
### Concurrent Positions (Mainland China)
The subject directors hold key positions at the following entities:
- Yuefeng Electronics (Kunshan/Guangzhou): Manufacturing and sale of soft ferrite cores.
- Shun-An Coating Technology (Kunshan): Production and sale of release films.
- Shun-Chang Plastic (Tianjin/Kunshan): Production and sale of multi-functional films.
- Fujian Gulei Petrochemical: Crude oil processing, petrochemical product manufacturing, etc.
- Others: Zhangzhou USI Trading, Delta Petrochemical (Zhongshan/Tianjin/Zhangzhou), Ju-Hua (Shanghai) Trading, etc.
This resolution is part of the group's integration of operations and does not negatively impact the company's financials.
FAQ
Why is it necessary to waive non-compete clauses for directors?
When directors hold concurrent positions in multiple companies within a group, legal procedures require approval from shareholders or the board to manage potential conflicts of interest.
Who are the primary subjects of this announcement?
The four directors of Lian-Ju International Investment, including Mr. Wu Yi-Kuei.