Wei Sheng's Key Subsidiary Li Cheng Systems Technology Resolves to Lift Directors' Non-Competition Restrictions at Shareholders' Meeting
AI Summary (NQ-processed)
Li Cheng Systems Technology Co., Ltd., a significant subsidiary of Wei Sheng, announced that its shareholders' meeting on June 24, 2026, passed a resolution permitting certain directors to engage in competitive business activities similar to or identical with the company's operations during their term of office. The company confirmed no financial or operational impact from this decision.
AI Analysis
Frequently Asked Questions
Q: What is the legal basis for this resolution?
A: Article 209 of Taiwan's Company Act allows shareholders to approve directors' competitive activities.
Q: Who is affected by this permission?
A: Directors Xu Qingwen, Li Chenghong, Huang Jianhong, and corporate director Wei Sheng Electric Equipment.
Q: Is this practice common in the industry?
A: Yes, cross-directorships and non-compete waivers are standard in Taiwan's manufacturing groups.