What is the non-compete restriction for directors?

Under company law, directors have a duty to avoid business activities that compete with their company. However, they may be exempted from this restriction with approval from the shareholders' meeting.

Why was this waiver necessary?

It is necessary to legally and smoothly hold concurrent positions in group companies.

How does this decision affect investors?

This is generally a routine governance procedure and is stated to have no financial impact.

[Rexon] The Company's Shareholders' Meeting approves the waiver of non-compete restrictions for new directors

Published May 20, 2026 9:00 AM ・ Updated Jun 14, 2026 12:03 AM ・ 4 min read ・ Source: PR Times

Rexon Industrial Corporation approved the waiver of non-compete restrictions at its May 20th shareholders' meeting, permitting its directors to hold concurrent positions. The company stated there is no financial impact.

1. Date of the shareholders' meeting resolution: May 20, 115 (Republic of China calendar).

2. Names and titles of directors permitted to engage in competitive activities: - Director Wang Guan-Xiang: Director of Power Tool Specialists Inc., Director of Hong Kong Jinke International Group Limited, Director of Tongxiang Rexon Industrial Co., Ltd., Independent Director of Shengxin Material Technology Co., Ltd. - Director Wang Guan-Juan (Representative of Kunju Co., Ltd.): Director of Power Tool Specialists Inc. - Director Huang Qing-Xiang: Chairman of Tongxiang Rexon Industrial Co., Ltd., Director of Jinke International (Hong Kong) Limited, Director of Baojing Co., Ltd. - Director Chen Jun-Wei: Chairman of Rexon Technology Co., Ltd., Director of Hong Kong Jinke International Group Limited. - Director Guo Bu-Qiao: Director of Rexon Technology Co., Ltd., Director of Hongqiao Investment Co., Ltd.

3. Items permitted for competitive activities: Companies with business items identical or similar to those of the company.

4. Period permitted for competitive activities: During their tenure as directors of the company.

5. Resolution status (explanation of voting results according to Article 209 of the Company Act): Passed as proposed following the vote by shareholders in attendance.

6. Names and titles of directors for competitive activities in mainland China: - Director Wang Guan-Xiang: Director of Tongxiang Rexon Industrial Co., Ltd. - Director Huang Qing-Xiang: Chairman of Tongxiang Rexon Industrial Co., Ltd.

7. Name and position held in the mainland China business: Director and Chairman of Tongxiang Rexon Industrial Co., Ltd.

8. Address of the business in mainland China: No. 258, Gaoxin West 2nd Road, Tongxiang Economic Development Zone, Tongxiang City.

9. Business items of the mainland China entity: Manufacturing and sales of various motor equipment, woodworking machinery, and their parts.

10. Impact on the company's financial operations: None.

11. Investment amount and shareholding ratio of directors in the mainland China business: None.

12. Other items to be stated: None.

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Source: PR Times
Category: 人事
Organizations: Power Tool Specialists Inc.

[Rexon] The Company's Shareholders' Meeting approves the waiver of non-compete restrictions for new directors

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