What is the purpose of Ruili lifting non-compete restrictions?

To enable flexible management integration between its Taiwan and Hainan operations.

What business activities are conducted in mainland China?

Design and manufacturing of automotive door hinges and brake systems in Hainan.

Does this affect Ruili's financial performance?

The company states there is no impact on its financial or business operations.

Ruili Announces Shareholders' Resolution to Lift Non-Compete Restrictions for Newly Appointed Directors

Published Jun 24, 2026 9:00 AM ・ Updated Jun 25, 2026 6:06 PM ・ 4 min read ・ Source: PR Times

On June 24, 2026, Ruili's annual shareholders' meeting resolved to lift non-compete restrictions for seven directors, allowing them to engage in similar business activities during their tenure, including roles at a mainland China-based affiliate, with no impact on the company's financial or operational performance.

1. Shareholders' meeting resolution date: 115/06/24

2. Names and titles of directors permitted to engage in competitive activities: Director: Legal representative of Gangxin Limited - Wu Mingcan Director: Legal representative of Gangxin Limited - Huang Zhujia Director: Legal representative of Gangxin Limited - Wu Pinyi Director: Legal representative of Jianrui Venture Limited - Lin Weihui Independent Director: Zhuang Baodiao Independent Director: Zhang Zhixiang Independent Director: Zheng Chaomu

3. Permitted competitive activities: Companies with business scopes identical or similar to that of the company

4. Duration of permitted competitive activities: During the tenure as director of the company

5. Resolution outcome (voting results as per Article 209 of the Company Act): Approved by vote at the company's annual shareholders' meeting, lifting the non-compete restrictions for the above directors under the condition that the company's interests are not compromised.

6. Directors engaging in competitive activities related to businesses in mainland China (enter 'Not applicable' if not applicable): Director: Legal representative of Gangxin Limited - Wu Mingcan Director: Legal representative of Jianrui Venture Limited - Lin Weihui

7. Company name and position held in the mainland China-based business: Director Wu Mingcan: Hainan Ruidexia Industrial Co., Ltd. - Position: Director Director Lin Weihui: Hainan Ruidexia Industrial Co., Ltd. - Position: Supervisor

8. Address of the mainland China-based business: No. 19, Xinghai Road, Gang'ao Industrial Development Zone, Haikou City, Hainan Province

9. Business activities of the mainland China-based entity: Design, mold development, manufacturing, assembly, sales, and maintenance services for automotive door hinges, door check rods, hand brakes, and accelerator and brake pedal assemblies.

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

11. If directors have invested in the mainland China-based business, investment amount and shareholding ratio: Not applicable

12. Other matters to be disclosed: None

FACT BOX

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

Ruili Announces Shareholders' Resolution to Lift Non-Compete Restrictions for Newly Appointed Directors

FACT BOX

Editorial & Verification Standards

FAQ

Cite this article — HOW TO CITE

AI CRAWLER ACTIVITY