Why was this procedure necessary?

It is required for management to oversee operations efficiently and responsibly at group subsidiary locations in mainland China.

Is this an unusual procedure?

No, it is standard practice for Taiwanese corporate groups managing multiple overseas subsidiaries.

[USI] Important Subsidiary Lian-Ju International Investment Announces Waiver of Competition Prohibition for New Directors

Published May 19, 2026 9:00 AM ・ Updated Jun 14, 2026 12:00 AM ・ 4 min read ・ Source: PR Times

Lian-Ju International Investment, a subsidiary of the Taiwanese chemical giant USI Corporation, has approved a waiver of competition prohibition for four directors. This move officially authorizes them to hold concurrent positions at investee companies in mainland China.

1. Date of Resolution: May 19, 2026 2. Names and Titles of Directors Authorized to Engage in Competitive Activities: Directors: Wu Yi-Gui, Wu Pei-Ji, Yu Wen-Cong, Huang Ya-Yi 3. Items of Competitive Activities Authorized: Lifting the restriction on non-competition provided that the interests of Lian-Ju International Investment are not harmed. 4. Period of Authorization: From May 19, 2026, to May 18, 2029 (duration of the board term). 5. Resolution Circumstances (in accordance with Article 209 of the Company Act): Approved by the 10th Board Meeting, 8th session (acting as the shareholders' meeting) of Lian-Ju International Investment. 6. Directors engaging in business in mainland China: Wu Yi-Gui, Wu Pei-Ji, Yu Wen-Cong, Huang Ya-Yi 7. Mainland China entities and positions held: (1) Core Tech (Kunshan): Wu Yi-Gui, Wu Pei-Ji, Huang Ya-Yi (Directors) (2) Core Tech (Guangzhou): Wu Yi-Gui (Director) (3) Shun-An Coating Tech (Kunshan): Wu Yi-Gui, Huang Ya-Yi (Directors) (4) Shun-Chang Plastics (Tianjin): Wu Yi-Gui, Huang Ya-Yi (Directors) (5) Shun-Chang Plastics (Kunshan): Wu Yi-Gui, Huang Ya-Yi (Directors) (6) Fujian Gulei Petrochemical: Wu Yi-Gui (Chairman), Wu Pei-Ji, Yu Wen-Cong (Directors) (7) Zhangzhou USI Trading: Wu Pei-Ji (Chairman), Wu Yi-Gui, Huang Ya-Yi (Directors) (8) Delta Chemical (Zhongshan): Wu Pei-Ji (Chairman) (9) Delta Chemical (Tianjin): Wu Pei-Ji (Chairman) (10) Ju-Hua (Shanghai) Trading: Wu Pei-Ji (Chairman & GM), Huang Ya-Yi (Director) (11) Zhangzhou Delta Chemical: Wu Pei-Ji (Chairman) (12) Shun-Chang Advanced Trading (Kunshan): Wu Yi-Gui, Wu Pei-Ji (Directors) (13) Xiamen USI Trading: Wu Pei-Ji (Chairman), Wu Yi-Gui (Director) (14) Zhangzhou Xu-Teng Property: Wu Pei-Ji (Chairman), Huang Ya-Yi (Directors)

(The announcement clarifies these roles are permitted under strict governance guidelines to ensure no conflict of interest.)

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Source: PR Times
Category: News

[USI] Important Subsidiary Lian-Ju International Investment Announces Waiver of Competition Prohibition for New Directors

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