2105 Maxxis (Cheng Shin): Announcement on Lifting Non-Compete Restrictions for New Director
Maxxis (Cheng Shin) announced that its shareholders' meeting on May 26, 2026, approved the lifting of non-compete restrictions for director Chen Hsiu-hsiung.
📋 Article Processing Timeline
- 📰 Published: May 27, 2026 at 06:31
- 🔍 Collected: May 27, 2026 at 06:31 (0 min after Published)
- 🤖 AI Analyzed: May 31, 2026 at 19:28 (108h 57m after Collected)
On May 26, 2026, Cheng Shin Rubber (Maxxis) held its annual general meeting and passed a resolution to lift non-compete restrictions for director Chen Hsiu-hsiung, representing Hsieh-Shun Investment Co., Ltd. The authorization allows for investment or management in companies with the same business scope as Cheng Shin, provided it does not harm the company's interests. This authorization is valid for the duration of his tenure as a director. Chen currently serves as a director for Guangxi Qinzhou Cheng Shin Industrial Co., Ltd. and Cheng Shin (Xiamen) Logistics Co., Ltd. Both entities are subsidiaries, and their financial performance is already consolidated according to regulations. There is no negative impact on the company's finances.
FAQ
Why is lifting non-compete necessary?
To ensure directors do not violate non-compete obligations under company law when holding concurrent positions.