What is Shan Long's non-compete waiver?

It allows certain directors to engage in similar businesses during their term, approved by shareholder resolution.

What is the legal basis for this decision?

Based on Article 209 of the Company Act, with shareholder approval for lifting restrictions.

Who is permitted to engage in competing activities?

Chairman Cheng Jen-Hao and representatives from Shan Fa Construction, Cheng Loong, and Shan Fa Co.

AI News NQ Analysis

Shan Long Announces Shareholders' Meeting Resolution to Lift Directors' Non-Compete Restrictions

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AI Summary (NQ-processed)

On June 18, 2026, Shan Long's annual general meeting approved the lifting of non-compete restrictions for certain directors, allowing them to engage in similar business activities during their term of office.

AI Analysis

Frequently Asked Questions

Q: What is Shan Long's non-compete waiver?: A: It allows certain directors to engage in similar businesses during their term, approved by shareholder resolution.
Q: What is the legal basis for this decision?: A: Based on Article 209 of the Company Act, with shareholder approval for lifting restrictions.
Q: Who is permitted to engage in competing activities?: A: Chairman Cheng Jen-Hao and representatives from Shan Fa Construction, Cheng Loong, and Shan Fa Co.