What was decided at Winstron's shareholder meeting?

The resolution to allow competitive activities for seven new directors during their term was approved.

Who is eligible for the non-compete waiver?

Directors Kuo Tai-chiang, Wang Tiao-chun, Li Cheng, Lo Yu-chen, Lee Chuan-wei, Fu Chien-chung, and Chang Li-chiu.

How long is the waiver valid?

The waiver applies during each director's tenure at Winstron.

How was the resolution passed?

It passed with 97.32% of voting rights in favor, meeting legal requirements under the Company Act.

Are there any links to mainland China businesses?

The resolution states 'not applicable,' indicating no involvement with mainland enterprises.

Winstron Announces Shareholder Meeting Resolution to Lift Non-Compete Restrictions for Newly Appointed Directors

Published Jun 24, 2026 9:00 AM ・ Updated Jun 25, 2026 6:49 PM ・ 4 min read ・ Source: PR Times

Winstron's shareholder meeting on June 24, 2026, approved the lifting of non-compete obligations for seven newly appointed directors. The resolution passed with 97.32% of voting rights in favor, in accordance with Article 209 of the Company Act.

1. Shareholder Meeting Resolution Date: 115/06/24

2. Names and Titles of Directors Permitted to Engage in Competitive Activities: Director: Kuo Tai-chiang, Representative of Hsin Hung International Investment Co., Ltd. Director: Wang Tiao-chun, Representative of Hsin Hung International Investment Co., Ltd. Director: Li Cheng, Representative of Fu Lin International Investment Co., Ltd. Director: Lo Yu-chen, Representative of Taiwan Fu Lin Investment Co., Ltd. Independent Director: Lee Chuan-wei Independent Director: Fu Chien-chung Independent Director: Chang Li-chiu

3. Scope of Permitted Competitive Activities: Companies engaged in businesses identical or similar to those of the Company

4. Duration of Permitted Competitive Activities: During the term of office as a director of the Company

5. Voting Results (as required by Article 209 of the Company Act): Votes in favor: 272,053,021 (of which 211,268,426 were cast electronically) Percentage of total votes present: 97.32% Votes against: 745,968 (of which 745,968 were cast electronically) Percentage of total votes present: 0.26% Invalid votes: 0 (of which 0 were cast electronically) Percentage of total votes present: 0% Abstentions / Unvoted: 6,743,830 (of which 6,715,830 were cast electronically) Percentage of total votes present: 2.41%

The votes in favor exceeded the legally required threshold, and the resolution was approved as proposed.

6. Names and Titles of Directors Engaging in Competitive Activities Related to Mainland China Businesses (if not applicable, enter "Not Applicable"): Not Applicable

7. Company Name and Position Held in the Mainland China Business: Not Applicable

8. Address of the Mainland China Business: Not Applicable

9. Business Scope of the Mainland China Business: Not Applicable

10. Impact on the Company's Financial and Business Operations: Not Applicable

11. Investment Amount and Shareholding Ratio if Directors Invest in the Mainland China Business: Not Applicable

12. Other Matters to be Disclosed: None

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Source: PR Times
Category: News
Dates in source: 115/06/24

Winstron Announces Shareholder Meeting Resolution to Lift Non-Compete Restrictions for Newly Appointed Directors

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