What does lifting non-compete restrictions mean?

It refers to exempting directors from restrictions on serving as officers in competing firms, allowed under company law to increase flexibility in decision-making.

How does this decision affect shareholders?

The resolution states there is no financial impact on the company. Allowing directors to hold concurrent positions is expected to facilitate decision-making within the group.

Why is this procedure necessary?

Under Article 209 of the Company Act, directors are required to obtain approval from the shareholders' meeting when engaging in competitive business, making this a necessary compliance procedure.

[Gigabyte] Important Subsidiary Gigabyte Technology (Giga Computing) Announces Resolution of Shareholders' Meeting regarding the Lifting of Non-Compete Restrictions for Directors

Published May 20, 2026 9:00 AM ・ Updated Jun 14, 2026 12:03 AM ・ 3 min read ・ Source: PR Times

Gigabyte Technology announced that its shareholders' meeting held on May 20, 2026, approved the resolution to lift non-compete restrictions for directors Yeh Pei-cheng, Li Yi-tai, Ma Meng-ming, Tseng Chun-ming, and Yang Hsueh-ching for their tenure. The company confirmed no financial impact.

1. Date of Shareholders' Meeting Resolution: May 20, 2026 2. Names and Titles of Directors permitted to engage in competitive business: - Gigabyte Technology Co., Ltd. Representative Yeh Pei-cheng - Gigabyte Technology Co., Ltd. Representative Li Yi-tai - Gigabyte Technology Co., Ltd. Representative Ma Meng-ming - Gigabyte Technology Co., Ltd. Representative Tseng Chun-ming - Gigabyte Technology Co., Ltd. Representative Yang Hsueh-ching 3. Items permitted for competitive business: Investment or operation of activities within the same business scope as the company. 4. Duration of competitive business permission: During the tenure as a director of the company. 5. Voting status (based on Article 209 of the Company Act): Approved as proposed after voting. 6. Names and titles of directors if the competitive business relates to Mainland China: Not applicable. 7. Name and title of the company in Mainland China: Not applicable. 8. Address of the business in Mainland China: Not applicable. 9. Business scope of the business in Mainland China: Not applicable. 10. Impact on the company's financial and business operations: None. 11. Investment amount and shareholding ratio of the director in such Mainland China business: Not applicable. 12. Other matters: None.

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Source: PR Times
Category: 人事

[Gigabyte] Important Subsidiary Gigabyte Technology (Giga Computing) Announces Resolution of Shareholders' Meeting regarding the Lifting of Non-Compete Restrictions for Directors

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