[Longhwa] Shareholder meeting approved the waiver of non-compete restrictions for new directors and their representatives
NQ Score
73/100
N1 Content Completeness
5
AI Summary (NQ-processed)
Longhwa Electronics approved the waiver of non-compete restrictions for its directors at the shareholder meeting on June 4, 2026. This includes the concurrent management of mainland China operations by Wang Ya-hsuan and others.
AI Analysis
Frequently Asked Questions
- Q: Why is the non-compete restriction waived?
- A: To allow directors to engage in similar businesses while maintaining legal compliance and transparency for group-wide cooperation.
- Q: Is this procedure related to Company Law?
- A: Yes, it requires shareholder approval under Article 209 of the Company Act of Taiwan.
- Q: What is the investment amount in the mainland China business?
- A: The disclosure states this is not applicable.