Who is affected by Rongke's non-compete waiver?

Four directors representing LCY Enterprise and three independent directors may engage in similar businesses during their term.

Is this decision legally compliant?

Yes, approved by shareholders per Article 209 of the Company Act, fully compliant.

Does this relate to operations in mainland China?

No, all mainland-related fields are marked 'not applicable'; no connection exists.

Rongke Announces Shareholders' Approval to Lift Non-Compete Restrictions on Directors at 115th Annual General Meeting

Published Jun 26, 2026 9:00 AM ・ Updated Jun 27, 2026 5:43 PM ・ 3 min read ・ Source: PR Times

Rongke announced that its 115th annual general meeting held on June 26, 2026, approved a proposal to lift non-compete restrictions for certain directors, allowing them to engage in businesses similar to the company’s during their term of office. The company stated that this decision will have no impact on its financial or operational performance.

1. Date of shareholders' meeting resolution: 115/06/26

2. Names and titles of directors permitted to engage in competitive activities: Director: Chen Ming-Shu, representative of Li-Cheng Rong Industrial Co., Ltd. Director: Song Ding-Bang, representative of Li-Cheng Rong Industrial Co., Ltd. Director: Tu Wei-Hua, representative of Li-Cheng Rong Industrial Co., Ltd. Director: Luo Gui-Xuan, representative of Li-Cheng Rong Industrial Co., Ltd. Independent Director: Zhong Wan-Zhen Independent Director: Lin Yu-Min Independent Director: Peng Yu-Min

3. Permitted competitive activities: Businesses identical or similar to the company's business scope

4. Duration of permitted competitive activities: During the term of serving as a director of the company

5. Resolution outcome (voting results as per Article 209 of the Company Act): The proposal was approved by shareholders representing more than half of the issued shares, with over two-thirds of the voting rights of attending shareholders in favor.

6. Names and titles of directors engaging in competitive activities related to enterprises in Mainland China (enter 'Not Applicable' if not applicable): Not Applicable

7. Company name and position held in such Mainland China enterprise: Not Applicable

8. Address of such Mainland China enterprise: Not Applicable

9. Business activities of such Mainland China enterprise: Not Applicable

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

11. If any director has invested in such Mainland China enterprise, the investment amount and shareholding ratio: Not Applicable

12. Other matters to be disclosed: None

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Source: PR Times
Category: News
Dates in source: 115/06/26

Rongke Announces Shareholders' Approval to Lift Non-Compete Restrictions on Directors at 115th Annual General Meeting

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