Why is it necessary to lift non-compete restrictions?

To facilitate joint roles and operations within the group, enabling efficient utilization of human and management resources.

What is the legal basis for this action?

It is conducted in accordance with Article 209 of the Company Act, following approval by a majority at the shareholders' meeting.

Should investors be concerned about this decision?

The company has stated that it has no material impact on its finances or operations, treating it as a standard governance procedure.

[Lian-Chang] Announcement on Lifting Non-Compete Restrictions for New Directors and Representatives

Published May 20, 2026 9:00 AM ・ Updated Jun 14, 2026 12:03 AM ・ 5 min read ・ Source: PR Times

Lian-Chang (a TECO Group member) announced that following a shareholders' meeting resolution, it has lifted non-compete restrictions for key directors, including Chen Heng-Wei. This allows them to engage in business activities, including those in mainland China, with no material impact on company finances.

1. Date of Shareholders' Meeting Resolution: May 20, 2026 (115/05/20) 2. Directors and Titles Permitted to Engage in Competitive Activities: - Director: TECO Electric & Machinery Co., Ltd. Representative Chen Heng-Wei - Director: TECO Electric & Machinery Co., Ltd. Representative Lin Chia-Sheng - Director: TECO Electric & Machinery Co., Ltd. Representative Yang Wen-An - Director: TECO Electric & Machinery Co., Ltd. Representative Wang An-Bang - Director: TECO Electric & Machinery Co., Ltd. Representative Sun Chien-Jung - Director: TECO Electric & Machinery Co., Ltd. Representative Lin Chun-Lien - Director: Huang Chin-Hui - Independent Director: Lin Wan-Ying - Independent Director: Tsao An-Bang - Independent Director: Huang Tung-Jung 3. Permitted Competitive Activities: Investing in or operating businesses same as or similar to the company's scope of business. 4. Term of Permitted Competitive Activities: During their tenure as directors of the company. 5. Resolution Status (In accordance with Article 209 of the Company Act): Passed by a majority of votes represented at the shareholders' meeting where at least half of the total issued shares were represented. 6. Directors involved in business in the Mainland China region: - Director: TECO Electric & Machinery Co., Ltd. Representative Chen Heng-Wei - Director: TECO Electric & Machinery Co., Ltd. Representative Lin Chun-Lien 7. Positions held in the Mainland China region: - (1) Chen Heng-Wei: Chairman of Wuxi Dongjing Electric Micro-Motor Co., Ltd.; Chairman of Taian Technology (Wuxi) Co., Ltd. - (2) Lin Chun-Lien: Director and General Manager of Genmao Electronics (Suzhou) Co., Ltd. 8. Addresses of business locations in the Mainland China region: - Wuxi Dongjing Electric Micro-Motor Co., Ltd.: No. 29, Gaolang East Road, New District, Wuxi - Taian Technology (Wuxi) Co., Ltd.: No. 29, Gaolang East Road, New District, Wuxi, Jiangsu Province - Genmao Electronics (Suzhou) Co., Ltd.: No. 1388, Jiaotong Road, Wujiang Economic and Technological Development Zone, Suzhou 9. Business scope in the Mainland China region: - Wuxi Dongjing Electric Micro-Motor Co., Ltd.: Manufacturing and sales of stepping motors, etc. - Taian Technology (Wuxi) Co., Ltd.: Design, production, and sales of fiber-optic electronic equipment, etc. - Genmao Electronics (Suzhou) Co., Ltd.: Production and sales of power supplies for LCD monitors, LCD TVs, and laptops. 10. Impact on the company's finances and operations: None 11. Investment amount and shareholding ratio in the Mainland China region: None 12. Other matters: None

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

[Lian-Chang] Announcement on Lifting Non-Compete Restrictions for New Directors and Representatives

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