What was resolved at Ocean-KY's shareholder meeting?

The shareholders approved lifting non-compete restrictions for five new directors, allowing them to invest in or manage similar businesses as long as Ocean-KY's interests are not harmed.

Which directors had non-compete restrictions lifted?

LEE ENG LEONG, Huang Qinghai, Li Zhenyu, Chen Weihui, and Li Yaping. Huang Qinghai holds key positions in multiple mainland China companies.

What businesses in mainland China is Huang Qinghai involved in?

Huang Qinghai is involved in cement production and retail businesses through companies like Shanghai United Cement and Grand Ocean Classic Commercial Group.

How long is the permission for competitive activities valid?

The permission is valid during their tenure as directors of Ocean-KY.

Will this resolution affect Ocean-KY's financials?

The company states there will be no financial or operational impact. Competitive activities are limited to those that do not harm Ocean-KY's interests.

Ocean-KY Shareholders Approve Waiver of Non-Compete Restrictions for Newly Appointed Directors

Key facts

Ocean-KY Shareholders Approve Waiver of Non-Compete Restrictions for Newly Appointed Directors
On June 16, 115, Ocean-KY's annual shareholders' meeting resolved to lift non-compete restrictions for five newly appointed directors, allowing them to engage in competitive business activities as long as Ocean-KY's interests are not compromised.
Source: TWSE
Date: Tue Jun 16 2026 09:00:00 GMT+0900 (Japan Standard Time)

Direct answer

On June 16, 115, Ocean-KY's annual shareholders' meeting resolved to lift non-compete restrictions for five newly appointed directors, allowing them to engage in competitive business activities as long as Ocean-KY's interests are not compromised.

Citation: Ocean-KY Shareholders Approve Waiver of Non-Compete Restrictions for Newly Appointed Directors (Tue Jun 16 2026 09:00:00 GMT+0900 (Japan Standard Time)), TWSE
Source: TWSE
Date: Tue Jun 16 2026 09:00:00 GMT+0900 (Japan Standard Time)

AI Summary (NQ-processed)

On June 16, 115, Ocean-KY's annual shareholders' meeting resolved to lift non-compete restrictions for five newly appointed directors, allowing them to engage in competitive business activities as long as Ocean-KY's interests are not compromised.

AI Analysis

Frequently Asked Questions

Q: What was resolved at Ocean-KY's shareholder meeting?: A: The shareholders approved lifting non-compete restrictions for five new directors, allowing them to invest in or manage similar businesses as long as Ocean-KY's interests are not harmed.
Q: Which directors had non-compete restrictions lifted?: A: LEE ENG LEONG, Huang Qinghai, Li Zhenyu, Chen Weihui, and Li Yaping. Huang Qinghai holds key positions in multiple mainland China companies.
Q: What businesses in mainland China is Huang Qinghai involved in?: A: Huang Qinghai is involved in cement production and retail businesses through companies like Shanghai United Cement and Grand Ocean Classic Commercial Group.
Q: How long is the permission for competitive activities valid?: A: The permission is valid during their tenure as directors of Ocean-KY.
Q: Will this resolution affect Ocean-KY's financials?: A: The company states there will be no financial or operational impact. Competitive activities are limited to those that do not harm Ocean-KY's interests.