Why did Hai Guang lift the non-compete restriction?

To enable cross-company leadership and enhance strategic collaboration within its industrial ecosystem.

Does serving in a mainland firm create conflict of interest?

The director holds no investment, and the company assesses no material impact.

How does this resolution affect shareholders?

It increases governance flexibility without financial risk to the company.

What is Zhengtong Environmental Technology's business?

A Taiwan-based firm specializing in environmental protection technologies and components.

Will other directors seek similar approvals?

Future cases will likely be reviewed individually based on strategic needs.

Hai Guang Announces Shareholders' Meeting Resolution to Lift Non-Competition Restrictions for Directors

Published Jun 26, 2026 9:00 AM ・ Updated Jun 26, 2026 8:32 AM ・ 5 min read ・ Source: PR Times

Hai Guang (Stock Code: 2038) announced that its 2038 annual shareholders' meeting has approved the lifting of non-competition restrictions for certain directors, allowing them to serve in similar businesses under conditions that do not harm the company's interests.

Release Date: June 26, 2038 Statement Date: June 25, 2038 Statement Time: 14:56:23 Company Code: 2038 Company Name: Hai Guang Subject: Announcement of the Resolution from the 2038 Annual Shareholders' Meeting to Lift Non-Competition Restrictions for Directors Applicable Clause: Item 21 Factual Date: June 25, 2038

Details: 1. Shareholders' Meeting Resolution Date: 06/25/2038

2. Names and Titles of Directors Permitted to Engage in Competitive Activities: - Director: Huang Wei-Han - Director: Wu Yong-Ci, Legal Representative of Yu-Zhan Investment Co., Ltd. - Director: Huang Can-Ming, Legal Representative of You-Ming Investment Co., Ltd.

3. Approved Competitive Activities: - Director Huang Wei-Han: Director Representative and Chairman of Zhengtong Environmental Technology Co., Ltd. - Director Wu Yong-Ci (Yu-Zhan Investment): Director Representative of Zhengtong Environmental Technology Co., Ltd. - Director Huang Can-Ming (You-Ming Investment): Director Representative and General Manager of Zhengtong Environmental Technology Co., Ltd.; Chairman of Dongguan Mingyao Metal Products Co., Ltd.

The above competitive activities involve companies with business scopes identical or similar to Hai Guang’s, but only to the extent that they do not harm Hai Guang’s interests.

4. Duration of Approved Competitive Activities: Throughout their tenure as directors of Hai Guang.

5. Voting Outcome (as per Article 209 of the Company Act): Approved by voting resolution at the 2038 Annual Shareholders' Meeting.

6. Directors Engaging in Competitive Activities Involving Mainland China-based Businesses (Enter 'Not Applicable' if not applicable): Huang Can-Ming, Director

7. Name and Position Held in the Mainland China-based Business: Dongguan Mingyao Metal Products Co., Ltd., Chairman

8. Address of the Mainland China-based Business: No. 83, Tianxin Tangwei, Tianxin Community, Tangxia Town, Dongguan City, Guangdong Province

9. Business Scope of the Mainland China-based Entity: Manufacturing and sales of fasteners

10. Impact on Hai Guang’s Financial and Operational Status: None

11. If the director has invested in the said Mainland China-based business, state investment amount and shareholding ratio: 0

12. Other Disclosures: None

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Source: PR Times
Category: News

Hai Guang Announces Shareholders' Meeting Resolution to Lift Non-Competition Restrictions for Directors

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