Li Ming Announces 115th Annual Shareholders' Meeting Resolution to Lift Directors' Non-Compete Restrictions
Key facts
- Li Ming Announces 115th Annual Shareholders' Meeting Resolution to Lift Directors' Non-Compete Restrictions
- Li Ming has resolved at its 115th annual shareholders' meeting to lift non-compete restrictions for two directors, allowing them to engage in competing business activities during their tenure, provided such activities do not harm the company's interests.
- Source: TWSE
- Date: Tue Jun 16 2026 09:00:00 GMT+0900 (Japan Standard Time)
Direct answer
Li Ming has resolved at its 115th annual shareholders' meeting to lift non-compete restrictions for two directors, allowing them to engage in competing business activities during their tenure, provided such activities do not harm the company's interests.
- Citation
- Li Ming Announces 115th Annual Shareholders' Meeting Resolution to Lift Directors' Non-Compete Restrictions (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)
Li Ming has resolved at its 115th annual shareholders' meeting to lift non-compete restrictions for two directors, allowing them to engage in competing business activities during their tenure, provided such activities do not harm the company's interests.
AI Analysis
Frequently Asked Questions
- Q: What is the legal basis for lifting non-compete restrictions?
- A: Under Article 209 of the Company Act, shareholders can approve directors' competitive activities.
- Q: What impact does this resolution have on the company?
- A: No financial or operational impact; aims to enhance governance flexibility.
- Q: Does this include concurrent roles in mainland China businesses?
- A: No, the permitted activities do not involve businesses in mainland China.