Why was the non-compete obligation waived for directors?

This is a legal procedure required under corporate law to allow directors to hold concurrent positions in companies with similar business scopes while avoiding potential conflicts of interest.

Who was authorized for non-compete activities in mainland China?

Independent Director Chen Jincai was authorized for concurrent positions in agricultural and electronics companies in mainland China.

Are there any financial implications for the company?

The company stated that there is no impact on its finances or operations.

[Wu-Di] Announcement: Resolution to Waive Restrictions on Non-Compete Activities for Directors and Representatives

Published May 22, 2026 9:00 AM ・ Updated Jun 14, 2026 9:14 AM ・ 4 min read ・ Source: PR Times

On May 22, 2026, shareholders approved the waiver of non-compete obligations for directors, including Tseng Bing-Rong and others. Independent Director Chen Jincai was also authorized to hold multiple positions in mainland China. The company stated this has no impact on its finances.

1. Date of shareholders' meeting resolution: May 22, 2026

2. Directors and titles authorized for non-compete activities: (1) Director: Tseng Bing-Rong Shih-Fu Cell Medical Technology Co., Ltd.: Director and General Manager (2) Director: Zhang You-Lian Inventec Corporation: Senior Vice President Net-Ing Technology Co., Ltd.: Director and General Manager (3) Independent Director: Chen Jincai WIN Semiconductors Corp. and subsidiaries: Chairman ITEQ Corporation and subsidiaries: Chairman Paper Windmill Cultural and Educational Foundation: Chairman Hiwin Technologies Corp.: Director Modern Economic Foundation: Director Health-Link Cell Bio-Medicine Co., Ltd.: Corporate Director Representative ESG World Citizen Digital Governance Foundation: Honorary Director Shi-Jia Sports Equipment Co., Ltd.: Supervisor Lian-Xing Sports Equipment Co., Ltd.: Supervisor (4) Independent Director: Chen Rui-Zhu Zirui Labor Management Co., Ltd.: Chairman E-Green Environmental Technology Co., Ltd.: Independent Director and Remuneration Committee Member Fortune Power Co., Ltd.: Independent Director and Remuneration Committee Member Isource Software Corp.: Independent Director and Remuneration Committee Member

3. Authorized items: Investing in or operating companies with business scopes identical or similar to the company, and serving as a director.

4. Period: During the term of office as a director of the company.

5. Resolution result: Passed as proposed per Article 209 of the Company Act.

6. Mainland China business entities: Independent Director Chen Jincai

7-9. Mainland China positions, locations, and business items: (Including R&D/manufacturing of agricultural/electronic products, management services, etc. Please refer to original text for full list).

10. Financial/Operational impact: None.

11. Investment/Shareholding: None.

12. Other matters: None.

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Source: PR Times
Category: 人事

[Wu-Di] Announcement: Resolution to Waive Restrictions on Non-Compete Activities for Directors and Representatives

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