Why is it necessary to waive the non-compete restriction for directors?

It allows directors to engage in management or investment in other similar businesses without violating the Company Act regarding conflict of interest.

Is this waiver indefinite?

No, it is valid only during the director's term of office at the company.

Are dual appointments within the Ruentex Group common?

Dual appointments are common to share resources among group companies, but resolutions at shareholder meetings are legally required.

Ruentex Development Passes Resolution to Waive Non-Compete Restrictions for New Directors

Published May 21, 2026 6:31 AM ・ Updated Jun 14, 2026 12:03 AM ・ 2 min read ・ Source: PR Times

Ruentex Development (9945) approved the waiver of non-compete restrictions for new directors, including Mr. Jian Cang-zhen, at its annual general meeting.

Announcement Date: 115/05/20 Company Code: 9945 Company Name: Ruentex Development Subject: Resolution passed at the 115 annual general meeting regarding the waiver of non-compete restrictions for new directors.

Explanation: 1. Date of shareholder meeting resolution: 115/05/20 2. Names and titles of directors permitted to engage in competitive behavior: Representative of Yingjia Investment: Jian Cang-zhen, Director Representative of Yingjia Investment: Yin Chong-yao, Director Representative of Ruentex Global: Xu Sheng-yu, Director Representative of Ruentex Global: Huang Ming-duan, Director Lu Yu-mei, Director Xie Shang-xian, Independent Director 3. Permitted competitive activities: Directors participating in investment or management of companies with business scopes identical or similar to the company. 4. Duration: During their term as directors of the company. 5. Resolution result: Approved by over half of the voting rights of attending shareholders, with over two-thirds of total issued shares represented. 6. Business in Mainland China: Not applicable

FACT BOX

Source: PR Times
Category: 人事
Dates in source: 115/05/20

Ruentex Development Passes Resolution to Waive Non-Compete Restrictions for New Directors

⚡ Key Points

FACT BOX

Editorial & Verification Standards

FAQ

Cite this article — HOW TO CITE

AI CRAWLER ACTIVITY