Why was the non-compete obligation of Walsin's directors lifted?

To allow directors to perform their duties in other companies, facilitating the use of their professional expertise and enabling better group synergies.

What does this mean for investors?

It indicates management's intent to bring external experiences into the company while maintaining transparency through standard corporate governance procedures.

Walsin is a global corporation specializing in wire and cable manufacturing, with significant operations in real estate development and investment.

Walsin Lihwa Resolves to Lift Non-Compete Restrictions for Directors at Shareholder Meeting

Published May 23, 2026 6:31 AM ・ Updated Jun 14, 2026 12:01 AM ・ 5 min read ・ Source: PR Times

Walsin Lihwa (Walsin) approved the lifting of non-compete restrictions for seven directors, including Chairman Chiao Yu-lun, during its shareholder meeting on May 22, 2026. This decision authorizes the directors to hold concurrent positions at other companies and does not impact Walsin's financial or operational status.

Announcement Date: May 22, 2026 Company Name: Walsin Subject: Resolution at the shareholder meeting to lift non-compete restrictions for new directors

1. Shareholder meeting date: May 22, 2026 2. Names and titles of directors granted non-compete exemption: (1) Chiao Yu-lun, Director (2) Chiao Yu-heng, Director (3) Chiao Yu-chi, Director (4) Andrew Hsia (Hsia Li-yen), Director (5) Hsueh Ming-ling, Director (6) Claude Georges Haberer, Director (7) Chiu Li-meng, Independent Director

3. Details of permitted activities: (1) Chiao Yu-lun: Chairman of Walsin Energy Cable System Co., Ltd.; Director of Golden Century Construction Co., Ltd.; Director of Walsin (Nanjing) Real Estate Development Co., Ltd.; Vice President Commissioner of Walsin Lippo Industry Co.; Vice President Commissioner of P.T. Walsin Lippo Kabel; Director of Borrego Energy Holdings, LLC; Director of Cogne Acciai Speciali S.p.A. (2) Chiao Yu-heng: Chairman of Global Brands Manufacture Ltd.; Chairman of Yu-Yue Co., Ltd.; Director of Sheng-Cheng Industry Co., Ltd. (3) Chiao Yu-chi: Chairman of HannStar Display Corporation; Director of Jing-Jin Technology Co., Ltd.; Chairman of Yue-Ma No. 1 Investment Co., Ltd. (4) Andrew Hsia: Vice President and Spokesperson of Phu My Hung Holdings Group; Chief Representative of Central Trading & Development Corp. (5) Hsueh Ming-ling: Independent Director of Lite-On Technology Corp. (6) Claude Georges Haberer: Independent Director (Nominee) of Gobi Mining and Transport Pte Ltd (7) Chiu Li-meng: Independent Director of Sinyi Realty Inc.

4. Period of permission: During term of service 5. Resolution result: Passed by a majority vote of shareholders present, representing more than two-thirds of total issued shares. 6. Directors involved in Mainland China businesses: Chiao Yu-lun 7. Mainland China business name and position: Walsin (Nanjing) Real Estate Development Co., Ltd. (Director) 8. Address: 9F, T6 Building, Huaxin City, No. 258, Jiangdong Middle Road, Jianye District, Nanjing City, Jiangsu Province, China 9. Business scope of Mainland China unit: Commercial real estate 10. Impact on financial and business operations: None 11. Investment amount and shareholding ratio: None 12. Other: None

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Source: PR Times
Category: 人事
Organizations: P.T. Walsin Lippo Kabel / Borrego Energy Holdings, LLC / Cogne Acciai Speciali S.p.A.

Walsin Lihwa Resolves to Lift Non-Compete Restrictions for Directors at Shareholder Meeting

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