2006 Tung Ho Steel: Announcement of Non-Compete Waiver for Directors
Tung Ho Steel approved the waiver of non-compete restrictions for new directors at its 2026 AGM. The waiver covers directors including Hou Chieh-Teng, who hold concurrent positions in companies like Fujian Zhongrida Metal. The company stated this is part of its equity-method investment strategy.
📋 Article Processing Timeline
- 📰 Published: May 23, 2026 at 06:31
- 🔍 Collected: May 23, 2026 at 06:31 (0 min after Published)
- 🤖 AI Analyzed: May 31, 2026 at 21:02 (206h 30m after Collected)
On May 22, 2026, Tung Ho Steel held its annual general meeting and approved the resolution to lift non-compete restrictions for new directors and their representatives. The authorized directors include Hou Chieh-Teng and Lin Chi from Mao Sheng Investment, Hou Yu-Shu and Ku Kuan-Jen from He Zhao Investment, Huang Chih-Ming from Han Lei Investment, Chen Pao-Ho from Ji Cheng Investment, Hou Yen-Liang from Muchuan Global Capital, and independent directors Sun Ming-Te and Ko Wen-Ling. The scope of the permitted non-compete activity allows directors to act for themselves or others within the company's business scope. Notably, Hou Chieh-Teng and Lin Chi serve as directors and chairman of Fujian Zhongrida Metal in Fuzhou, which specializes in tinplate. The company clarified that this is an existing investment through a third region, accounted for using the equity method, and has no material impact on the company's financial operations.
FAQ
What is the non-compete waiver for Tung Ho Steel?
It is a shareholder approval required for directors to hold concurrent positions in other companies.