What is Datong Innovation?

A Taiwanese textile manufacturer specializing in spandex and polyester filament yarn, with operations in mainland China.

Why lift the non-compete restriction?

To enhance management flexibility and leverage directors’ expertise across affiliated businesses.

What does Hangzhou Lianfa Fiber do?

It manufactures spandex and polyester yarn in Hangzhou’s economic development zone.

Does this affect financial performance?

The company states there is no significant impact on its financial or business operations.

Can other directors serve in mainland firms?

Permitted in principle, though only Ye You-Lun’s role is currently disclosed.

1470 Datong Innovation

Published Jun 24, 2026 9:00 AM ・ Updated Jun 24, 2026 3:09 PM ・ 4 min read ・ Source: PR Times

Datong Innovation passed a resolution at its 2026 annual general meeting to lift non-compete restrictions for several directors, allowing them to engage in similar business activities, including serving on the board of a mainland China-based company, with no significant impact on the company's financial or operational performance.

Release Date: 2026-06-24 Statement Date: 2026-06-23 Statement Time: 16:04:43 Company Code: 1470 Company Name: Datong Innovation Purpose: Resolution passed at the 2026 annual general meeting to lift non-compete restrictions on company directors Applicable Clause: Item 21 Event Date: 2026-06-23

Details: 1. Shareholders' Meeting Resolution Date: 2026/06/23

2. Directors permitted to engage in competitive activities (Name and Title): - Director: Ye, Bo-Liang - Director: Ye, Guo-Hui - Director: Yang, Yao-Zhou - Director: Hsu, Jung-Hsin - Director: Ye, You-Lun - Director: Ye, Wei-Ming - Director: Lien, Hsien-Chung - Independent Director: Shih, Tsung-Wen - Independent Director: Huang, Hsin-Yi - Independent Director: Chen, Chun-Yi - Independent Director: Tai, Yuan-Liang

3. Permitted Competitive Activities: Companies engaged in businesses identical or similar to the company’s scope

4. Duration of Permission: During the term of serving as a director (including independent directors) of the company

5. Voting Results (as per Article 209 of the Company Act): Total voting rights: 73,459,993 Votes in favor: 73,452,829 (99.99%) Votes opposed: 2,675 (0.00%) Invalid votes: 0 (0%) Abstentions / Non-votes: 4,489 (0.01%) The favorable votes exceeded the legal threshold; the resolution was approved.

6. Directors engaging in competitive activities with enterprises in Mainland China (Enter "Not applicable" if not applicable): - Director: Ye, You-Lun

7. Name and Position at the Mainland China Enterprise: - Director Ye, You-Lun concurrently serves as Director of Hangzhou Lianfa Fiber Co., Ltd.

8. Address of the Mainland China Enterprise: Hangzhou Lianfa: No. 48, 22nd Street, Baiyang Subdistrict, Hangzhou Economic & Technological Development Zone

9. Business Scope of the Mainland China Enterprise: Hangzhou Lianfa: Manufacturing and trading of spandex yarn and polyester filament yarn

10. Impact on the Company’s Financial and Business Operations: No significant impact

11. If any director has invested in the Mainland China enterprise, state investment amount and shareholding ratio: None

12. Other Matters to be Disclosed: None

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Source: PR Times
Category: News

1470 Datong Innovation

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