What was decided at Changho's shareholders' meeting?

The board approved competitive activities for five directors, including roles in its China subsidiary.

Does this affect the company's finances?

The entity is a subsidiary, so financial impacts are already included in consolidated reporting.

What business does the China-based company operate?

It manufactures and sells fibers, ultra-fine yarns, and dyed fabrics.

Changho's 115th Shareholders' Meeting Approves Relaxation of Director Non-Compete Clause

Published Jun 15, 2026 9:00 AM ・ Updated Jun 16, 2026 5:23 PM ・ 3 min read ・ Source: PR Times

At Changho's 115th shareholders' meeting, the board approved the relaxation of non-compete restrictions for five directors, allowing them to engage in similar businesses, particularly through investments or management roles in companies with overlapping operations, including a subsidiary in China.

1. Shareholders' Meeting Resolution Date: June 15, 115

2. Names and Titles of Directors Permitted to Engage in Competitive Activities: - Director: Chen Ming-ze - Director: Li Rui-bi - Director: Chen Yao-xiang - Independent Director: Guo Jian-xing - Independent Director: Chen Jian-wen

3. Scope of Permitted Competitive Activities: Investment in or operation of companies with business activities identical or similar to those of the company

4. Duration of Permission: Throughout the term of their directorship at the company

5. Resolution Outcome (Voting Results per Article 209 of the Company Act): Approved as proposed

6. Directors Engaging in Competitive Activities Related to Businesses in Mainland China (Enter 'Not Applicable' if not applicable): Director Chen Ming-ze

7. Name of the Mainland China-Based Company and Position Held: Chairman of Changho Fiber (Shaoxing) Co., Ltd.

8. Address of the Mainland China-Based Company: No. 8, Weiwu East Road, Shangyu Industrial Park, Zhejiang Province, China

9. Business Scope of the Mainland China-Based Company: Manufacturing and sales of various fibers, ultra-fine and super-fine fiber yarns, and dyed and finished fabrics

10. Impact on the Company's Financial and Business Operations: The aforementioned company is a subsidiary of the company; therefore, investment gains and losses are recognized in accordance with accounting standards

11. Directors' Investment Amounts and Shareholding Ratios in the Mainland China-Based Company: None

12. Other Matters to be Disclosed: None

FACT BOX

Source: PR Times
Category: News

Changho's 115th Shareholders' Meeting Approves Relaxation of Director Non-Compete Clause

⚡ Key Points

FACT BOX

Editorial & Verification Standards

FAQ

Cite this article — HOW TO CITE

AI CRAWLER ACTIVITY