Why is it necessary to lift non-compete restrictions?

To facilitate joint roles and operations within the group, enabling efficient utilization of human and management resources.

What is the legal basis for this action?

It is conducted in accordance with Article 209 of the Company Act, following approval by a majority at the shareholders' meeting.

Should investors be concerned about this decision?

The company has stated that it has no material impact on its finances or operations, treating it as a standard governance procedure.

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[Lian-Chang] Announcement on Lifting Non-Compete Restrictions for New Directors and Representatives

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Lian-Chang (a TECO Group member) announced that following a shareholders' meeting resolution, it has lifted non-compete restrictions for key directors, including Chen Heng-Wei. This allows them to engage in business activities, including those in mainland China, with no material impact on company finances.

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Frequently Asked Questions

Q: Why is it necessary to lift non-compete restrictions?: A: To facilitate joint roles and operations within the group, enabling efficient utilization of human and management resources.
Q: What is the legal basis for this action?: A: It is conducted in accordance with Article 209 of the Company Act, following approval by a majority at the shareholders' meeting.
Q: Should investors be concerned about this decision?: A: The company has stated that it has no material impact on its finances or operations, treating it as a standard governance procedure.