What does lifting non-compete restrictions mean?

It refers to exempting directors from restrictions on serving as officers in competing firms, allowed under company law to increase flexibility in decision-making.

How does this decision affect shareholders?

The resolution states there is no financial impact on the company. Allowing directors to hold concurrent positions is expected to facilitate decision-making within the group.

Why is this procedure necessary?

Under Article 209 of the Company Act, directors are required to obtain approval from the shareholders' meeting when engaging in competitive business, making this a necessary compliance procedure.

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[Gigabyte] Important Subsidiary Gigabyte Technology (Giga Computing) Announces Resolution of Shareholders' Meeting regarding the Lifting of Non-Compete Restrictions for Directors

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Gigabyte Technology announced that its shareholders' meeting held on May 20, 2026, approved the resolution to lift non-compete restrictions for directors Yeh Pei-cheng, Li Yi-tai, Ma Meng-ming, Tseng Chun-ming, and Yang Hsueh-ching for their tenure. The company confirmed no financial impact.

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Frequently Asked Questions

Q: What does lifting non-compete restrictions mean?: A: It refers to exempting directors from restrictions on serving as officers in competing firms, allowed under company law to increase flexibility in decision-making.
Q: How does this decision affect shareholders?: A: The resolution states there is no financial impact on the company. Allowing directors to hold concurrent positions is expected to facilitate decision-making within the group.
Q: Why is this procedure necessary?: A: Under Article 209 of the Company Act, directors are required to obtain approval from the shareholders' meeting when engaging in competitive business, making this a necessary compliance procedure.