5234 Eternal Materials: Shareholders Approve Waiver of Non-Compete Clauses for Directors

On May 22, 2026, Eternal Materials held its annual general meeting and passed a resolution to waive non-compete restrictions for its newly appointed directors and their representatives. The directors granted this waiver include representatives from Eternal Materials Industry and Kangli Investment, as well as independent directors Lin Hsin-wu, Cheng Wei-shun, and Tsai Chih-chun. The scope of permitted competitive activities includes their concurrent roles as directors in other entities. This resolution was passed in accordance with Article 209 of the Company Act, with over two-thirds of shareholders present and a majority vote in favor. Regarding Lin Ting-li, representative of Kangli Investment, his concurrent role at Jingzhi Electronics (Xiamen) Co., Ltd. in mainland China was disclosed. The company stated that this waiver has no material impact on its financial or operational performance.