Chia Her (1417) Shareholders' Meeting Approves Waiver of Non-Compete Restrictions for Directors
At the annual shareholders' meeting on May 22, 115, Chia Her approved the waiver of non-compete restrictions for its directors, including representatives from Tai Yuen Textile and Wing Sing Investment, allowing concurrent roles in Chinese operations, provided no company interest is harmed.
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- 📰 Published: May 23, 2026 at 06:31
- 🔍 Collected: May 23, 2026 at 06:31 (0 min after Published)
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Announcement Date: 115/05/22
Company Code: 1417
Company Name: Chia Her
Subject: The company's 115 general shareholders' meeting agreed to lift the non-compete restrictions for the 20th Board of Directors.
Details:
1. Date of Resolution: 115/05/22
2. Directors authorized for competitive activities:
- Director, Representative of Tai Yuen Textile Co., Ltd.: Chen Sheng
- Director, Representative of Tai Yuen Textile Co., Ltd.: Hsiao Meng-fen
- Director, Representative of Wing Sing Investment Co., Ltd.: Chen Ying-chang
- Director: Yang Yung-wei
- Independent Director: Chang Min-lei
- Independent Director: Lu Wei-ching
- Independent Director: Liu Hung-en
3. Authorized Activities: Companies with the same or similar business scope.
4. Duration: During their tenure as directors of the company.
5. Resolution Status: Approved by the annual shareholders' meeting; non-compete restrictions lifted provided there is no harm to the company's interest.
6. Directors involved in Mainland China businesses:
- Chen Sheng
- Chen Ying-chang
7. Positions held in Mainland China:
- Chen Sheng: Chairman, Dezhou Yuanji Textile Co., Ltd.
- Chen Ying-chang: General Manager, Wuxi Hujia Garment Co., Ltd.
8. Addresses in Mainland China:
- Dezhou Yuanji Textile: No. 16 Shunhe West Rd, Dezhou, Shandong.
- Wuxi Hujia Garment: No. 920-1A1 Jiefang East Rd, Liangxi District, Wuxi, Jiangsu.
9. Business scope in Mainland China: Textile and garment processing/sales; garment manufacturing (production stopped).
10. Impact on Company: None.
11. Investment and Shareholding: None.
Company Code: 1417
Company Name: Chia Her
Subject: The company's 115 general shareholders' meeting agreed to lift the non-compete restrictions for the 20th Board of Directors.
Details:
1. Date of Resolution: 115/05/22
2. Directors authorized for competitive activities:
- Director, Representative of Tai Yuen Textile Co., Ltd.: Chen Sheng
- Director, Representative of Tai Yuen Textile Co., Ltd.: Hsiao Meng-fen
- Director, Representative of Wing Sing Investment Co., Ltd.: Chen Ying-chang
- Director: Yang Yung-wei
- Independent Director: Chang Min-lei
- Independent Director: Lu Wei-ching
- Independent Director: Liu Hung-en
3. Authorized Activities: Companies with the same or similar business scope.
4. Duration: During their tenure as directors of the company.
5. Resolution Status: Approved by the annual shareholders' meeting; non-compete restrictions lifted provided there is no harm to the company's interest.
6. Directors involved in Mainland China businesses:
- Chen Sheng
- Chen Ying-chang
7. Positions held in Mainland China:
- Chen Sheng: Chairman, Dezhou Yuanji Textile Co., Ltd.
- Chen Ying-chang: General Manager, Wuxi Hujia Garment Co., Ltd.
8. Addresses in Mainland China:
- Dezhou Yuanji Textile: No. 16 Shunhe West Rd, Dezhou, Shandong.
- Wuxi Hujia Garment: No. 920-1A1 Jiefang East Rd, Liangxi District, Wuxi, Jiangsu.
9. Business scope in Mainland China: Textile and garment processing/sales; garment manufacturing (production stopped).
10. Impact on Company: None.
11. Investment and Shareholding: None.
FAQ
Why did Chia Her waive the non-compete clause?
To allow directors to serve in affiliated companies, thereby enhancing the agility and efficiency of group management.
Who is affected by this waiver?
Seven directors, including representatives from Tai Yuen Textile and Wing Sing Investment, are included.
How does this affect Chinese operations?
Directors Chen Sheng and Chen Ying-chang hold positions in Chinese textile businesses, which is now formally authorized.