The board of directors of the Company approves removal of the non compete clause for managers
· Issued by Tex Year Industries, Inc.
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Today's Information
Provided by: TEX YEAR INDUSTRIES INC.
SEQ_NO
2
Date of announcement
2022/03/30
Time of announcement
17:59:38
Subject
The board of directors of the Company approves
removal of the non compete clause for managers
Date of events
2022/03/29
To which item it meets
paragraph 21
Statement
1.Date of the board of directors resolution:2022/03/29
2.Name and title of the managerial officer with permission to engage in
competitive conduct: Vice General Manager-TSAO,LIEN-TI.
3.Items of competitive conduct in which the officer is permitted to engage:
Investing in or managing a third party operating in
a scope of business similar to that of the Company.
4.Period of permission to engage in the competitive conduct:
For the duration of being employed as a manager of the
Company.
5.Circumstances of the resolution (please describe the results of voting in
accordance with Article 32 of the Company Act):
All of directors present at the meeting pass the item.
6.If the permitted competitive conduct belongs to the operator of a mainland
China area enterprise, the name and title of the managerial officer
(if it is not the operator of a mainland China area enterprise, please enter
"N/A" below):Vice General Manager-TSAO,LIEN-TI.
7.Company name of the mainland China area enterprise and the officer's
position in the enterprise:HUZHOU XILING TECH LTD. Director/TSAO,LIEN-TI
8.Address of the mainland China area enterprise:
Building 13, No.268, Hongchuang Road, Hongqiao Town,
Changxing County, Huzhou, Zhejiang.
9.Operations of the mainland China area enterprise:Manufacturing and sales of
filtration equipment and materials.
10.Impact on the company's finance and business: None.
11.If the managerial officer has invested in the mainland China area
enterprise, the monetary amount of the investment and the officer's
shareholding ratio:NA
12.Any other matters that need to be specified:None
