What does the approval of directors' competitive activities mean?

It allows directors to hold positions in other companies, approved under Article 209 of Taiwan's Company Act.

Why is Wang Kezhang's involvement in mainland China specifically disclosed?

Taiwan regulations require disclosure when directors engage in businesses in mainland China.

How long is the permission for competitive activities valid?

It remains valid throughout the director's term of office at the company.

Does this decision affect the company's performance?

According to the announcement, there is no impact on financial or operational performance.

What is the significance of this disclosure?

It enhances governance transparency and helps maintain investor trust.

[Cailiao*-KY] Announcement: 115th Annual Shareholders' Meeting Approves Removal of Directors' Non-Competition Restrictions

Published Jun 26, 2026 9:00 AM ・ Updated Jun 27, 2026 6:33 PM ・ 5 min read ・ Source: PR Times

Cailiao*-KY announced that its 115th annual shareholders' meeting approved the lifting of non-competition restrictions for several directors and independent directors. Disclosures include director involvement in mainland China-based businesses, in compliance with corporate governance regulations.

1. Shareholders' meeting resolution date: 115/06/26

2. Names and titles of directors permitted to engage in competitive activities: Legal person director representative Wang Kezhang, Legal person director representative Ericson Fensterseifer, Legal person director representative Xu Zhengcai, Director Meng Qingli, Independent Director Lin Yuyi, Independent Director Zheng Shiyi, Independent Director Wu Yongheng, Independent Director Li Guangji

3. Approved competitive activities:

(1) Legal person director representative - Wang Kezhang Director, Mingzhen Enterprise Co., Ltd. Chairman, Jinan Hezhen Industrial & Trading Co., Ltd.

(2) Legal person director representative - Ericson Fensterseifer Managing Director of Casa 1 Assessoria Empresarial Ltda. Head of Leaf Tobacco and Commercial Departments of Brasfumo Ind. Brasileira de fumos S.A.

(3) Legal person director representative - Xu Zhengcai Chairman, Housheng Co., Ltd. Chairman, Banjian Development Co., Ltd. Chairman, Houhe Construction Co., Ltd. Chairman, Ruifu International Co., Ltd. Supervisor, Chengxi Investment Co., Ltd.

(4) Director - Meng Qingli Independent Director, Borowell Technology Co., Ltd.

(5) Independent Director - Lin Yuyi Chief Financial Officer, Yifu Enterprise Co., Ltd.

(6) Independent Director - Zheng Shiyi Managing Director, Axiom Partners Inc.

4. Duration of permitted competitive activities: Throughout the term of office as director of the company

5. Resolution outcome (voting results per Article 209 of the Company Act): Approved by ordinary resolution at the annual shareholders' meeting

6. Directors engaging in competitive activities related to enterprises in mainland China (enter 'Not applicable' if none): Legal person director representative - Wang Kezhang

7. Company names and positions held in such mainland China enterprises: (1) Jinan Hezhen Industrial & Trading Co., Ltd. - Chairman

8. Addresses of such mainland China enterprises: (1) Jinan Hezhen Industrial & Trading Co., Ltd. Room 409, Unit 2, Building 7, Shangang Xintiandi Plaza, Gongye South Road, Jinan Area, China (Shandong) Pilot Free Trade Zone

9. Business activities of such mainland China enterprises: (1) Jinan Hezhen Industrial & Trading Co., Ltd. - Import and export trading

10. Impact on the company's financial and operational performance: None

11. If any director has invested in such mainland China enterprises, the investment amount and shareholding ratio: None

12. Other matters to be disclosed: None

FACT BOX

Source: PR Times
Category: News
Organizations: Casa 1 Assessoria Empresarial Ltda. / Brasfumo Ind. Brasileira de fumos S.A. / Axiom Partners Inc.
Dates in source: 115/06/26

[Cailiao*-KY] Announcement: 115th Annual Shareholders' Meeting Approves Removal of Directors' Non-Competition Restrictions

⚡ Key Points

FACT BOX

Editorial & Verification Standards

FAQ

Cite this article — HOW TO CITE

AI CRAWLER ACTIVITY