Lianchao Industrial Announces Shareholder Approval to Lift Director's Non-Compete Restriction
AI Summary (NQ-processed)
Lianchao Industrial Co., Ltd., a key subsidiary of Harmony Chemical (1709), announced that its 2026 annual general meeting approved lifting the non-compete restriction for director Mr. Zhao Heng-De, allowing him to engage in competing business activities during his term.
AI Analysis
Frequently Asked Questions
Q: Who is permitted to engage in competitive activities?
A: Mr. Zhao Heng-De, representative of Harmony Chemical, is allowed during his term as director of Lianchao Industrial.
Q: Is this decision compliant with corporate law?
A: Yes, it follows Article 209 of Taiwan's Company Act and was approved by the required shareholder vote.
Q: Does this apply to other directors as well?
A: No, this resolution specifically applies only to Mr. Zhao and not to other board members.