Why does Dongyang's executive serve as director in mainland subsidiaries?

To ensure operational efficiency and management control in local markets.

Is this competing business activity legally permissible?

Yes, if approved by the board under corporate governance regulations.

How significant is Dongyang's business in China?

It operates three subsidiaries in Chongqing, Changsha, and Guangzhou, manufacturing auto parts and molds.

1319 Dongyang Announces Manager's Concurrent Roles in Mainland China Subsidiaries

Published Jul 2, 2026 9:00 AM ・ Updated Jul 2, 2026 2:31 PM ・ 5 min read ・ Source: PR Times

Dongyang publicly discloses that its manager, Wu Chieh-wen, serves as legal representative director in three mainland China subsidiaries. The appointments are deemed operationally necessary and have no adverse impact on the company's financial or business operations.

Release Date: 1150702 Statement Date: 1150701 Statement Time: 150116 Company Code: 1319 Company Name: Dongyang Subject: Announcement Regarding Manager's Engagement in Competing Business Activities Compliance Clause: Item 21 Event Date: 1150701

Details: 1. Event Date: 115/07/01 2. Name of Manager or Director: Wu Chieh-wen 3. Company Names and Positions Held in Mainland China Entities: - Chongqing Dajiang Dongyang Plastic Products Co., Ltd. – Legal Representative Director - Changsha GAC Dongyang Automotive Components Co., Ltd. – Legal Representative Director - Guangzhou Dongyang Lisong Mold Manufacturing Co., Ltd. – Legal Representative Director

4. Addresses of Mainland China Entities: - Chongqing Dajiang Dongyang Plastic Products Co., Ltd.: No. 2005 Jinkai Avenue, Jingkai Park, Chongqing Economic & Technological Development Zone - Changsha GAC Dongyang Automotive Components Co., Ltd.: No. 277 Fengshu Road, Changsha Economic & Technological Development Zone - Guangzhou Dongyang Lisong Mold Manufacturing Co., Ltd.: No. 2 Lijiang Street, Guangzhou Economic & Technological Development Zone

5. Business Operations of Mainland China Entities: - Chongqing Dajiang Dongyang Plastic Products Co., Ltd.: Manufacturing and sales of automotive and motorcycle plastic parts, stamping products, and molds - Changsha GAC Dongyang Automotive Components Co., Ltd.: Design, development, manufacturing, and sales of plastic components for vehicles - Guangzhou Dongyang Lisong Mold Manufacturing Co., Ltd.: Design, manufacturing, maintenance, and trading of various molds and specialized equipment

6. Impact on Company's Financial and Business Operations: - Chongqing Dajiang Dongyang Plastic Products Co., Ltd. is an indirect investment of the company, in which it holds 55% equity - Changsha GAC Dongyang Automotive Components Co., Ltd. is an indirect investment with 49% equity held by the company - Guangzhou Dongyang Lisong Mold Manufacturing Co., Ltd. is an indirect investment with 90% equity held by the company - The appointment of Wu Chieh-wen as legal representative director is operationally necessary and has no adverse effect on the company's financial or business operations

7. Investment Amount and Shareholding Ratio if the Manager or Director Invested in the Mainland Entity: None 8. Measures to be Taken by the Company: Propose lifting the non-compete restriction for the manager at the upcoming board meeting 9. Other Matters to be Disclosed: None

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Source: PR Times
Category: News

1319 Dongyang Announces Manager's Concurrent Roles in Mainland China Subsidiaries

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