Why is it necessary to lift the non-compete restriction?

It is a legal authorization process under the Company Act to prevent conflicts of interest when directors hold concurrent positions or invest in other companies that may be in competition.

Are all directors included in the waiver?

No, this resolution specifically targets Director Zhang Feng-qi and Independent Director Pan Jian-wei.

How long is this authorization valid?

It is valid for the duration of their tenure as directors at X-Legend Entertainment.

AI News NQ Analysis

[X-Legend] Announcement on the Resolution of the 115th Annual General Meeting of Shareholders Approving the Lifting of Non-Compete Restrictions for Directors

NQ Score 73/100

N1 Content Completeness 5

AI Summary (NQ-processed)

X-Legend Entertainment held its 115th Annual General Meeting of Shareholders and approved the waiver of non-compete obligations for certain directors. Director Zhang Feng-qi and Independent Director Pan Jian-wei are authorized to invest in and hold directorships at other companies that may have overlapping business operations.

AI Analysis

Frequently Asked Questions

Q: Why is it necessary to lift the non-compete restriction?: A: It is a legal authorization process under the Company Act to prevent conflicts of interest when directors hold concurrent positions or invest in other companies that may be in competition.
Q: Are all directors included in the waiver?: A: No, this resolution specifically targets Director Zhang Feng-qi and Independent Director Pan Jian-wei.
Q: How long is this authorization valid?: A: It is valid for the duration of their tenure as directors at X-Legend Entertainment.