Mosel Vitelic (2342) Announces Shareholder Approval to Lift Non-Compete Restrictions for New Directors
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Taiwan-based semiconductor manufacturer Mosel Vitelic Inc. (stock code: 2342) announced that at its shareholders' meeting on May 20, 2026, it approved a resolution to lift the non-compete restrictions for its new directors and independent directors. The motion passed with 95.03% approval, allowing nine directors, including Mr. Wu Hsien-Chung and Mr. Yao Dang-Liang, to hold concurrent positions at other companies with the same or similar business scope during their tenure. This includes several semiconductor and automotive parts-related enterprises in mainland China. The company stated that this resolution has no impact on its financial or business operations.