What does lifting non-compete restrictions mean?

It allows directors to hold management roles in competing businesses, ensuring operational continuity.

What is Hanping Electronics (Shenzhen)'s main business?

Manufacturing, sales, and R&D of laser and traditional discs, closely aligned with headquarters.

How does this resolution affect shareholders?

Since subsidiaries are 100% owned, financial impact is consolidated. Governance oversight remains key.

Hanping Lifts Non-Compete Restrictions on Directors at Shareholders' Meeting

Published Jun 24, 2026 9:00 AM ・ Updated Jun 25, 2026 6:10 PM ・ 6 min read ・ Source: PR Times

At its shareholders' meeting on June 24, 2026, Hanping approved the lifting of non-compete restrictions for three directors, permitting them to continue serving in affiliated companies in Shenzhen and Hong Kong. The financial impact is limited as these are wholly-owned subsidiaries.

1. Shareholders' Meeting Resolution Date: 115/06/24

2. Names and Titles of Directors Permitted to Engage in Competitive Activities: (1) Director Liu Shen-Keng (2) Director Zhu Wen-Xian (3) Director Wang Xi-Ping

3. Permitted Competitive Activities: Business items identical to the company's current business scope

4. Duration of Permitted Competitive Activities: Throughout their tenure as directors of the company

5. Resolution Outcome (Voting Results per Article 209 of the Company Act): Approved with over two-thirds of issued shares represented and more than half of the voting rights of attending shareholders in favor

6. Directors Engaging in Competitive Activities in Mainland China-Based Businesses (Enter 'Not Applicable' if not applicable): (1) Director Liu Shen-Keng (2) Director Zhu Wen-Xian (3) Director Wang Xi-Ping

7. Company Names and Positions Held in Mainland China-Based Businesses: (1) Liu Shen-Keng Hanping Electronics (Shenzhen) Co., Ltd. Chairman Hanchi Electronics (Shenzhen) Co., Ltd. Chairman Hanchi Electronics (Hong Kong) Co., Ltd. Representative Director (2) Zhu Wen-Xian Hanping Electronics (Shenzhen) Co., Ltd. Director Hanchi Electronics (Shenzhen) Co., Ltd. Director Hanchi Electronics (Hong Kong) Co., Ltd. Director (3) Wang Xi-Ping Hanping Electronics (Shenzhen) Co., Ltd. Director Hanchi Electronics (Shenzhen) Co., Ltd. Director

8. Addresses of Mainland China-Based Businesses: (1) Hanping Electronics (Shenzhen) Co., Ltd. Address: Phoenix Industrial Zone, Fuyong Subdistrict, Bao'an District, Shenzhen, Guangdong Province (2) Hanchi Electronics (Shenzhen) Co., Ltd. Address: No. 60 Xingye 1st Road, Phoenix 1st Industrial Zone, Fuyong Subdistrict, Bao'an District, Shenzhen, Guangdong Province (3) Hanchi Electronics (Hong Kong) Co., Ltd. Address: Unit U, 4/F, VALIANT INDUSTRIAL CENTRE, NO. 2-12 AU PUI WAN STREET, FOTAN, SHATIN, N.T., HONG KONG.

9. Business Activities of Mainland China-Based Businesses: (1) Hanping Electronics (Shenzhen) Co., Ltd.: Manufacturing, sales, and R&D of laser discs and traditional discs (2) Hanchi Electronics (Shenzhen) Co., Ltd.: Manufacturing, sales, and R&D of laser discs and traditional discs (3) Hanchi Electronics (Hong Kong) Co., Ltd.: Import and export customs clearance services

10. Impact on the Company's Financial and Business Operations: The aforementioned companies are 100% invested subsidiaries of the company, and investment gains and losses are recognized in accordance with accounting standards.

11. Directors' Investment Amounts and Shareholding Ratios in Mainland China-Based Businesses (if any): None

12. Other Matters to be Disclosed: None

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Source: PR Times
Category: News
Dates in source: 115/06/24

Hanping Lifts Non-Compete Restrictions on Directors at Shareholders' Meeting

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