Why did Lian Ying allow directors to engage in competing businesses?

The mainland entity is under Lian Ying’s actual control, eliminating competitive risks and supporting operational integration.

Does the mainland company affect Lian Ying’s financials?

Yes, but transparently—Wujiang Wanfeng Plastics is consolidated in financial reporting per accounting standards.

Is this resolution positive for investors?

Yes, it signals strong governance, transparency, and centralized control, boosting long-term confidence.

How long is the competitive activity permitted?

The permission lasts until the end of each director’s term, under clear time-bound conditions.

Is the 8.07% abstention rate a concern?

No, as abstentions are legally treated as non-opposition, and the proposal passed with 91.78% in favor.

Lian Ying Announces Shareholders' Approval to Lift Non-Competition Restrictions for Newly Appointed Directors

Published Jun 16, 2026 9:00 AM ・ Updated Jun 18, 2026 5:52 PM ・ 3 min read ・ Source: PR Times

Lian Ying's shareholders have approved the lifting of non-competition clauses for four directors, allowing them to engage in businesses similar to the company’s scope until the end of their term. The decision reflects strong governance and operational integration.

1. Shareholders' Meeting Resolution Date: June 16, 115 (Taiwan Calendar) 2. Names and Titles of Directors Permitted to Engage in Competitive Activities: Director He, Jun-Xian / Director Wang, Shi-Zong / Director Zheng, Jin-Hong / Director Huang, Zheng-Tsong 3. Permitted Competitive Activities: Projects similar to the company's business scope 4. Duration of Permitted Competitive Activities: Until the end of their respective terms 5. Voting Results (as per Article 209 of the Company Act): Total voting rights present at the meeting (including e-voting): 60,004,042 Voting outcome: - Votes in favor: 55,073,660 (91.78% of total present voting rights) - Votes against: 82,058 (0.13%) - Abstentions or non-votes: 4,848,324 (8.07%) The proposal was approved as per voting results. 6. Directors Engaging in Competitive Activities Related to Mainland China-Based Businesses (if not applicable, state 'N/A'): Chairman He, Jun-Xian 7. Name and Position Held in the Mainland China-Based Company: Executive Director, Wujiang Wanfeng Plastics Co., Ltd. 8. Address of the Mainland China-Based Company: No. 44, Tongxin East Road, Wanping Economic Development Zone, Binhu New City, Wujiang District, Suzhou City, Jiangsu Province 9. Business Scope of the Mainland China-Based Company: Manufacturing and sales of plastic pellets 10. Impact on the Company's Financial and Business Operations: The mainland entity is effectively controlled by the company, and investment gains/losses are recognized in accordance with accounting standards. 11. Directors' Investment Amount and Shareholding Ratio in the Mainland Entity: None 12. Other Disclosures: None

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Source: PR Times
Category: News

Lian Ying Announces Shareholders' Approval to Lift Non-Competition Restrictions for Newly Appointed Directors

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