On May 26, 115, Lianyu Metal (7610) announced that its shareholders' meeting resolved to lift non-compete restrictions for its directors. The directors involved include Wu Yong-zhong (Chairman of Lianyu Advanced Materials and Deheng Investment), Yan Yong-cheng (Chairman of Yongfeng Investment), Satoshi Fukuda (President of Advanced Material Japan), Chen Chu-wen (Chairman of Qingtian Construction), and independent directors Huang Xiao-xin, Li Qin-cheng, Lin Pei-hua, and Su Yi-yuan. The scope of permitted competitive activities is limited to business areas identical to the company's operations, effective for the duration of their tenure. The resolution was passed as proposed.
FACT BOX
- Source: PR Times
- Category: corporate_governance
- Organizations: Advanced Material Japan