Why was the non-compete obligation waived for directors?

This is a legal procedure required under corporate law to allow directors to hold concurrent positions in companies with similar business scopes while avoiding potential conflicts of interest.

Who was authorized for non-compete activities in mainland China?

Independent Director Chen Jincai was authorized for concurrent positions in agricultural and electronics companies in mainland China.

Are there any financial implications for the company?

The company stated that there is no impact on its finances or operations.

AI News NQ Analysis

[Wu-Di] Announcement: Resolution to Waive Restrictions on Non-Compete Activities for Directors and Representatives

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AI Summary (NQ-processed)

On May 22, 2026, shareholders approved the waiver of non-compete obligations for directors, including Tseng Bing-Rong and others. Independent Director Chen Jincai was also authorized to hold multiple positions in mainland China. The company stated this has no impact on its finances.

AI Analysis

Frequently Asked Questions

Q: Why was the non-compete obligation waived for directors?: A: This is a legal procedure required under corporate law to allow directors to hold concurrent positions in companies with similar business scopes while avoiding potential conflicts of interest.
Q: Who was authorized for non-compete activities in mainland China?: A: Independent Director Chen Jincai was authorized for concurrent positions in agricultural and electronics companies in mainland China.
Q: Are there any financial implications for the company?: A: The company stated that there is no impact on its finances or operations.