What was resolved at Tong Ni's shareholders' meeting?

The non-compete restrictions for the 34th-term newly appointed directors, including independent directors, were lifted, allowing them to engage in similar business activities.

Which directors are affected by the lifting of non-compete restrictions?

Directors Chen Min-Duan, Chen Guan-Hua, Wu Yan-Hui, Huang Xin-Han, Su Bing-Zhang, Zhong Shu-Fang, Zheng Li-Xiang, and independent directors Xin Chun-Hao and Zhuang Yu-Xin.

How long is the permission for competitive activities valid?

The permission is valid during the period these individuals serve as directors of Tong Ni.

Does this decision affect Tong Ni's financials?

The company states there is no impact on its financial or operational performance.

Are any directors involved in businesses in Mainland China?

No directors are involved; the matter is marked as 'Not Applicable'.

Tong Ni Announces Shareholders' Resolution to Lift Non-Competition Restrictions for 34th-Term Directors

Published Jun 19, 2026 9:00 AM ・ Updated Jun 20, 2026 3:21 AM ・ 5 min read ・ Source: PR Times

Tong Ni (1110) announced that its shareholders' meeting on June 18, 2026, approved the lifting of non-competition restrictions for newly appointed directors of the 34th term, including independent directors, allowing them to engage in similar business activities.

Release Date: June 19, 2026 Statement Date: June 18, 2026 Statement Time: 14:37:38 Company Code: 1110 Company Name: Tong Ni Subject: Announcement of Shareholders' Resolution to Lift Non-Competition Restrictions for Newly Appointed Directors of the 34th Term (Including Independent Directors) Relevant Clause: Clause 21 Factual Date: June 18, 2026

Details: 1. Shareholders' Meeting Resolution Date: June 18, 2026

2. Names and Titles of Directors Permitted to Engage in Competitive Activities: - Chen Min-Duan, Representative of Dong Shu Investment Co., Ltd., Director - Chen Guan-Hua, Representative of Chen Zhao-Shu Public Welfare and Charity Foundation, Director - Wu Yan-Hui, Representative of Dong Shu Investment Co., Ltd., Director - Huang Xin-Han, Representative of Chen Zhao-Shu Public Welfare and Charity Foundation, Director - Su Bing-Zhang, Representative of Chang Qing Co., Ltd., Director - Zhong Shu-Fang, Representative of Fu Kang Cultural and Educational Foundation, Director - Zheng Li-Xiang, Director - Xin Chun-Hao, Independent Director - Zhuang Yu-Xin, Independent Director

3. Permitted Competitive Activities: Investing in or operating other companies whose business scope is identical or similar to that of the company.

4. Duration of Permission for Competitive Activities: During the period in which the individual serves as a director of the company.

5. Resolution Outcome (Voting Results under Article 209 of the Company Act): The resolution was approved by voting, with shareholders representing more than two-thirds of the issued shares in attendance.

6. Names and Titles of Directors Engaging in Competitive Activities Related to Mainland China-Based Businesses (Enter "Not Applicable" if not applicable): Not Applicable

7. Company Name and Position Held in Such Mainland China-Based Business: Not Applicable

8. Address of Such Mainland China-Based Business: Not Applicable

9. Business Scope of Such Mainland China-Based Business: Not Applicable

10. Impact on the Company's Financial and Operational Status: None

11. If Directors Have Invested in Mainland China-Based Businesses, the Investment Amount and Shareholding Ratio: Not Applicable

12. Other Matters to be Clarified: None

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Source: PR Times
Category: News

Tong Ni Announces Shareholders' Resolution to Lift Non-Competition Restrictions for 34th-Term Directors

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