What is a non-compete waiver?

It is a procedure where shareholders approve directors to serve in other companies that might compete with the firm, in accordance with company law.

Why is this necessary?

It prevents potential conflicts of interest when directors hold key management roles in affiliated entities, ensuring the legality of their actions.

What is the impact of this decision?

It allows for faster and more aligned decision-making across the entire group.

PCSC Shareholders Approve Waiver of Non-Compete Restrictions for Directors

Published May 21, 2026 6:31 AM ・ Updated Jun 14, 2026 12:02 AM ・ 3 min read ・ Source: PR Times

At its annual general meeting on May 20, President Chain Store Corp (PCSC, 2912) approved the removal of non-compete restrictions for nine directors, allowing them to concurrently hold roles in related entities within mainland China.

Date of announcement: May 21, 115 (Republic of China calendar) Date of statement: May 20, 115 Company Code: 2912 Company Name: President Chain Store Corp (PCSC)

Subject: Resolution of the Annual General Shareholders' Meeting regarding the removal of non-compete restrictions for directors

1. Date of Shareholders' Meeting: May 20, 115 2. Names and Titles of Directors permitted to engage in competitive business: Directors: Lo Chih-hsien, Kao Hsiu-ling, Huang Jui-tien, Huang Chao-kai, Wu Tsung-pin, Wu Min-chi; Independent Directors: Hsu Ke-wei, Chen Liang, Hong Yung-cheng 3. Permitted competitive activities: Serving in roles similar to the company's business scope 4. Period of permission: During the tenure as a director of the company 5. Resolution status: Approved in accordance with Article 209 of the Company Act as affirmative votes exceeded the legal threshold. 6. Directors and titles involved in mainland China business: Lo Chih-hsien, Huang Jui-tien, Wu Tsung-pin, Wu Min-chi 7. Names and roles of mainland China entities: Lo Chih-hsien serves as Chairman of Zhangjiagang Tongqing Food Co., Ltd., Chairman of Uni-President (China) Investment Co., Ltd., and Director of various other Uni-President subsidiaries. Huang Jui-tien serves as Director of Zhangjiagang Tongqing Food Co., Ltd., Director of President Chain Store (Shanghai) Convenience Co., Ltd., etc. Wu Tsung-pin serves as Supervisor of Kunshan Tongwan Microbiology Technology Co., Ltd., etc. Wu Min-chi serves as Supervisor of President Chain Store (Shanghai) Convenience Co., Ltd., etc. 8. Locations of mainland China operations: Various cities in China, including Zhangjiagang, Shanghai, Guiyang, etc.

FACT BOX

Source: PR Times
Category: 人事

PCSC Shareholders Approve Waiver of Non-Compete Restrictions for Directors

⚡ Key Points

FACT BOX

Editorial & Verification Standards

FAQ

Cite this article — HOW TO CITE

AI CRAWLER ACTIVITY