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[Yung Chi] Shareholders' Meeting Approved Lifting Non-Compete Restrictions for Directors

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Yung Chi Paint & Varnish Mfg. Co., Ltd. announced that the shareholders' meeting approved the lifting of non-compete restrictions for its directors and independent directors. Zhang Deren and Zhang Desheng are permitted to hold positions at the Kunshan subsidiary.

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Frequently Asked Questions

Q: What is an Independent Director in Taiwan?
A: A director who maintains independence from management to provide objective oversight.