Hwa Chien (2530) announced that its 2026 annual general meeting approved the lifting of non-compete restrictions for director Wu Yu-Kuo. The permitted competitive activities are limited to those that do not harm the company's interests, with no expected impact on operations or finances.
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Frequently Asked Questions
Q: What was resolved at Hwa Chien's shareholder meeting?
A: The lifting of non-compete restrictions for Director Wu Yu-Kuo, permitted only if it does not harm the company's interests.
Q: How long is the competitive activity allowed?
A: Only during the period when the director serves at Hwa Chien.
Q: Does this affect the company's finances?
A: The company states there is no impact on its financial or business operations.
Q: Is this related to business in Mainland China?
A: No, it is not applicable to Mainland China operations.
Q: How was the resolution passed?
A: Approved by over two-thirds of issued shares attending and majority vote of attending shareholders.