Announcement of Shareholders' Meeting resolved to
release the directors from non-competition restrictions
Date of events
2022/05/31
To which item it meets
paragraph 21
Statement
1.Date of the shareholders' meeting resolution:2022/05/31
2.Name and title of the managerial officer with permission
to engage in competitive conduct:Director Chang, Jui-Jung
3.Items of competitive conduct in which the officer is
permitted to engage:
Chairman and President, San Neng Group Holdings Co., Ltd.
Chairman, San Neng Bakeware Corporation
Chairman, San Neng Bake Ware (Wuxi) Co., Ltd.
Chairman, PT. San Neng Bakeware Indonesia
4.Period of permission to engage in the competitive conduct:
During the term of being a director till expires
5.Circumstances of the resolution (please describe the
results of voting in accordance with Article 209 of the
Company Act):The proposal approved 33,230,332 voting
rights in favor,98.44% of the total represented at the
time of voting.
6.If the permitted competitive conduct belongs to the
operator of a mainland China enterprise, the name and
title of the directors (if it is not the operator of
a mainland China enterprise, please enter "N/A" below):
Director Chang, Jui-Jung
7.Company name of the mainland China enterprise and the
officer's position in the enterprise:
Chairman, San Neng Bake Ware (Wuxi) Co., Ltd.
8.Address of the mainland China enterprise:
San Neng Bake Ware (Wuxi) Co., Ltd.(NO, 316 YOUYI
NORTH RD XISHAN ,WUXI)
9.Operations of the mainland China enterprise:
San Neng Bake Ware (Wuxi) Co., Ltd.,Research and
development, production and sales of bakeware
10.Impact on the company's finance and business:
(1)The main business items of San Neng Bakeware
Corporation, San Neng Bake Ware (Wuxi) Co., Ltd. and
PT. San Neng Bakeware Indonesia are bakeware and
peripheral products, which are different from the
baking equipment produced by the company, so there
is no significant impact on the financial business
of the company.
(2)San Neng Group Holdings Co., Ltd. is an investment
holding company, there is no significant impact on
the financial business of the company.
11.If the directors have invested in the mainland China
enterprise, the monetary amount of the investment and
their shareholding ratio:
San Neng Bake Ware (Wuxi) Co., Ltd., None
12.Any other matters that need to be specified:None
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Sinmag Equipment Corporation published this content on 31 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 May 2022 10:29:04 UTC.
SINMAG EQUIPMENT CORPORATION is a Taiwan-based company principally engaged in the manufacturing and trading of bakery and kitchen equipment. The Company's products mainly include mixers, split-round shaping machines, flour pressing machines, fermentation machines, ovens, slicers, frying machines, refrigerators, display cabinets and other kitchen equipment. The Company's bakery machines are applied in the production of bread, cakes, moon cakes and pizzas. The Company is also engaged in the provision of labor services. The Company distributes its products within domestic market and to overseas markets, including Americas, Asia, Europe and Africa.
SINMAG EQUIPMENT CORPORATION 
