Why is the director's non-compete clause waived?

It is to legally permit the director to hold representative positions in other companies without violating non-compete regulations.

What is the impact on shareholders?

The decision was approved following proper legal procedures, ensuring transparency.

Does this affect business in Mainland China?

No, the disclosure explicitly states that this is not applicable to business in Mainland China.

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Wah Mao (5292) Approves Waiver of Non-Compete Restrictions for Director at Shareholder Meeting

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Wah Mao (5292) announced that the shareholder meeting held on May 20 approved the waiver of non-compete restrictions for Director Chen Lun-ching with 95.42% in favor. This allows him to hold representative positions at Chuchin Investment and Chulun Investment.

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Frequently Asked Questions

Q: Why is the director's non-compete clause waived?: A: It is to legally permit the director to hold representative positions in other companies without violating non-compete regulations.
Q: What is the impact on shareholders?: A: The decision was approved following proper legal procedures, ensuring transparency.
Q: Does this affect business in Mainland China?: A: No, the disclosure explicitly states that this is not applicable to business in Mainland China.