What is the legal basis for Jia Hwa's non-compete waiver?

Approved under Article 209 of Taiwan's Company Act via shareholder resolution.

Who is affected by this resolution?

Eight directors, including members of the Weng family and independent directors.

Are similar cases common in Taiwan?

Yes, increasingly seen in family-run and group-affiliated firms for governance flexibility.

Jia Hwa Announces Shareholders' Meeting Resolution to Lift Non-Competition Restrictions on Directors

Published Jun 24, 2026 9:00 AM ・ Updated Jun 25, 2026 5:54 PM ・ 3 min read ・ Source: PR Times

Jia Hwa's 2026 annual general meeting resolved to lift non-competition restrictions for eight directors, permitting them to invest in or operate businesses similar to the company's during their term, with no impact on financial or operational performance.

1. Shareholders' Meeting Resolution Date: June 24, 2026

2. Names and Titles of Directors Permitted to Engage in Competitive Activities: (1) Director: Weng Wei-Xiang (2) Director: Weng Quan-Hui (3) Director: Weng Mao-Long (4) Director: Weng Rong-Quan (5) Director: Weng Rong-Zhi (6) Independent Director: Guo Nan-Jiang (7) Independent Director: Zeng Ying-Qi (8) Independent Director: Dai Zuo-Min

3. Permitted Competitive Activities: Investing in or operating other companies with business scopes identical or similar to that of the company.

4. Duration of Permitted Competitive Activities: During the period of serving as directors of the company.

5. Resolution Outcome (Voting Results as per Article 209 of the Company Act): The proposal was approved as submitted, based on votes from attending shareholders including electronic voting.

6. Directors Engaging in Competitive Activities Related to Mainland China-based Businesses (Enter 'Not Applicable' if not applicable): Not Applicable

7. Company Name and Position Held in Such Mainland China-based Business: Not Applicable

8. Address of Such Mainland China-based Business: Not Applicable

9. Business Scope of Such Mainland China-based Business: Not Applicable

10. Impact on the Company's Financial and Business Operations: None

11. If Directors Have Invested in Such Mainland China-based Business, Investment Amount and Shareholding Ratio: None

12. Other Matters to Be Disclosed: None

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Source: PR Times
Category: News

Jia Hwa Announces Shareholders' Meeting Resolution to Lift Non-Competition Restrictions on Directors

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