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6451 Foxconn Interconnect Technology Ltd. Announces Shareholders' Resolution to Lift Non-Competition Restrictions for Directors

AI Summary (NQ-processed)

Foxconn Interconnect Technology Ltd. (6451) announced that its 2026 annual shareholders' meeting resolved to lift non-competition restrictions for newly appointed directors, including independent directors, effective immediately. The company stated that this decision will have no material impact on its financial or operational performance.

AI Analysis

Frequently Asked Questions

Q: What is the purpose of lifting the non-competition restriction?
A: To leverage directors' expertise and enhance technological synergy within the group.
Q: Will this resolution affect financial performance?
A: The company states there will be no material impact on finances or operations.
Q: Who are the directors affected by this resolution?
A: Four corporate representatives from Foxconn and three independent directors.
Q: What activities are permitted under this waiver?
A: Positions in companies with similar business scopes to the company.
Q: What is the legal basis for this decision?
A: Article 209 of Taiwan's Company Act.