Who was granted the waiver of non-compete restriction?

Jiang Xianjie, Accounting Manager of Sinochem Holdings, was permitted to serve in accounting roles across multiple subsidiaries.

Is this decision legally compliant?

Yes, it was approved by the board under Article 32 of the Company Act and is fully compliant.

What is the purpose of this resolution?

To enhance operational efficiency and optimize the use of accounting talent within the corporate group.

Sinochem Holdings Announces Subsidiary's Board Resolution to Lift Non-Competition Restriction for Manager

Published Jun 15, 2026 9:00 AM ・ Updated Jun 16, 2026 5:06 PM ・ 3 min read ・ Source: PR Times

Sinochem Yu Min Health Industry Co., Ltd., a subsidiary of Sinochem Holdings, has announced that its board of directors has resolved to lift the non-competition restriction for Accounting Manager Jiang Xianjie. The decision was made in accordance with Article 32 of the Company Act and poses no impact on the company's financial or operational status.

1. Board Resolution Date: June 15, 115

2. Name and Title of the Manager Permitted to Engage in Competitive Activities: Jiang Xianjie / Accounting Manager, Sinochem Holdings Co., Ltd.

3. Permitted Competitive Activities: (1) Sinochem Holdings Co., Ltd. / Accounting Supervisor (2) China Chemical Pharmaceutical Co., Ltd. / Chief Accountant (3) Sinochem Silver Age Business Co., Ltd. / Chief Accountant (4) Sinochem Health Biotechnology Co., Ltd. / Chief Accountant (5) Sinochem Biomedical Technology Co., Ltd. / Chief Accountant

4. Duration of Permission for Competitive Activities: Throughout the period of employment as a managerial officer of the company

5. Resolution Outcome (Voting Result under Article 32 of the Company Act): Approved unanimously by all attending directors without objection

6. Name and Title of Manager Engaging in Competitive Activities in Mainland China-based Enterprises (Enter "Not Applicable" if not applicable): Not Applicable

7. Name and Position Held in the Mainland China-based Enterprise: Not Applicable

8. Address of the Mainland China-based Enterprise: Not Applicable

9. Business Scope of the Mainland China-based Enterprise: Not Applicable

10. Impact on the Company's Financial and Business Operations: None

11. Investment Amount and Shareholding Ratio if the Manager Invests in the Mainland China-based Enterprise: Not Applicable

12. Other Matters to be Disclosed: None

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Source: PR Times
Category: News

Sinochem Holdings Announces Subsidiary's Board Resolution to Lift Non-Competition Restriction for Manager

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