What is the purpose of lifting non-compete restrictions at TOMITA-SOU?

To appoint highly specialized professionals as directors and enhance strategic decision-making through diverse perspectives.

Does this resolution violate the Company Act?

No. It complies with Article 209 of the Company Act and was properly approved by shareholders.

Is there a conflict of interest risk?

Potential risks exist but are managed through independent director oversight and disclosure.

Is this practice common in the industry?

Yes, especially in tech and academic-linked firms, concurrent directorships are standard.

What impact will this have on future operations?

It will enable broader strategic insights and likely increase collaboration and R&D opportunities.

TOMITA-SOU Announces Shareholders' Approval to Lift Non-Competition Restrictions for Newly Appointed Directors

Published Jun 27, 2026 9:00 AM ・ Updated Jun 27, 2026 2:55 PM ・ 5 min read ・ Source: PR Times

TOMITA-SOU Co., Ltd. announced that its shareholders' meeting has approved the lifting of non-competition restrictions for newly appointed directors, allowing them to concurrently serve in other companies. This decision supports governance flexibility and expertise diversification.

Release Date: June 27, 2026 Statement Date: June 26, 2026 Statement Time: 15:37:39 Company Code: 4590 Company Name: TOMITA-SOU

Subject: Announcement of Shareholders' Resolution to Lift Non-Competition Restrictions for Newly Appointed Directors Applicable Clause: Item 21 Factual Date: June 26, 2026

1. Shareholders' Meeting Resolution Date: June 26, 2026

2. Names and Titles of Directors Permitted to Engage in Competitive Activities: - Director: Zhang Jin-Feng - Director: Li Jia-Cheng (Representative of Zhongying Investment Development Co., Ltd.) - Director: Zhang Yu-Rou - Independent Director: Chen Yu-Ge - Independent Director: Weng Guo-Liang - Independent Director: Zhao Gui-Xiang - Independent Director: Li Shu-Juan

3. Permitted Competitive Activities: - Zhang Jin-Feng: Chairman and General Manager, Futian Electric Motor Co., Ltd. - Li Jia-Cheng: Assistant Vice President, Business Division, China Steel Corporation; Director, Chung Lo Steel Corporation; Director, Yun Ying Co., Ltd.; Director, China Steel Malaysia Sdn. Bhd.; Director, China Steel Malaysia Holdings; Chairman, China Steel-Nippon Steel Vietnam Joint Venture; Director, Tōa Renmei Seitetsu Co., Ltd.; Director, He Mao International Co., Ltd. - Zhang Yu-Rou: Financial Specialist, French Global Biotechnology Co., Ltd. - Chen Yu-Ge: Managing Partner, Wei Feng United Accounting Firm; Independent Director, Baowei Industrial Co., Ltd. - Weng Guo-Liang: General Manager, He Wei Vehicle Technology Co., Ltd. - Zhao Gui-Xiang: Distinguished Professor and Vice President, Department of Electrical Engineering, Dayeh University - Li Shu-Juan: Principal Attorney, Chang Yao International Law Firm

4. Duration of Permission for Competitive Activities: Throughout the term of their directorship at our company.

5. Voting Outcome (as per Article 209 of the Company Act): This proposal was approved by more than two-thirds of the voting rights present, with shareholders representing over half of the issued shares in attendance.

6. Directors Engaged in Competitive Activities in Mainland China-Based Businesses (if not applicable, state "Not Applicable"): Not Applicable

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

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

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

10. Impact on Company's Financial and Business Operations: Not Applicable

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

12. Other Matters to be Disclosed: None.

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Source: PR Times
Category: News

TOMITA-SOU Announces Shareholders' Approval to Lift Non-Competition Restrictions for Newly Appointed Directors

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