What was resolved at TPK-KY's shareholders' meeting?

A special resolution was passed to lift non-competition restrictions for several directors.

Who is affected by the non-compete waiver?

Directors Liu Shih-Liang, Foster Chiang, Cheng Yen-Wei, Kuo Tzu-Jung, and Wang Hung-Chun.

What is the legal basis for this resolution?

Approved under Article 209 of Taiwan's Company Act via special shareholder resolution.

Does this include concurrent roles in mainland China firms?

No, all concurrent positions are with Taiwan or overseas companies.

Will this resolution impact financial performance?

The company stated there is no direct impact on financial or business operations.

TPK-KY Announces Shareholders' Resolution to Lift Non-Competition Restrictions on Directors and Their Representatives

Published Jun 26, 2026 9:00 AM ・ Updated Jun 27, 2026 6:14 PM ・ 5 min read ・ Source: PR Times

TPK-KY announced that its shareholders' meeting on June 26, 2026, passed a special resolution to lift non-competition restrictions for certain directors and independent directors, allowing them to concurrently serve in other companies.

1. Date of Shareholders' Meeting Resolution: 2026/06/26

2. Names and Titles of Directors Permitted to Engage in Competitive Activities: (1) Corporate Director Representative - Capable Way Investments Limited: Liu Shih-Liang (2) Corporate Director Representative - High Focus Holdings Limited: Foster Chiang (3) Independent Director - Cheng Yen-Wei (4) Independent Director - Kuo Tzu-Jung (5) Independent Director - Wang Hung-Chun

3. Permitted Competitive Activities: (1) Corporate Director Representative - Capable Way Investments Limited: Liu Shih-Liang concurrently serves as: - Corporate Director Representative of ITH Corporation - Director of Ilitek Corporation - Independent Director of Silicon Integrated Systems Corporation

(2) Corporate Director Representative - High Focus Holdings Limited: Foster Chiang concurrently serves as: - Director of Ambitious International Limited

(3) Independent Director - Cheng Yen-Wei concurrently serves as: - Independent Director of AccuReal Technology Corporation

(4) Independent Director - Kuo Tzu-Jung concurrently serves as: - Independent Director of Kai-Chi Securities Corporation

(5) Independent Director - Wang Hung-Chun concurrently serves as: - Corporate Director Representative of Precision Health Corporation

4. Duration of Permission for Competitive Activities: Throughout the period during which they serve as directors of the Company.

5. Resolution Outcome (as per Article 209 of the Company Act): Approved via special resolution at the 115th Ordinary General Meeting of Shareholders held on June 26, 2026.

6. Directors Engaging in Competitive Activities Related to Businesses in Mainland China (Enter 'Not Applicable' if not applicable): Not Applicable

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

8. Address of Such Mainland China Business: Not Applicable

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

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

11. If Directors Have Invested in Such Mainland China Business, Investment Amount and Shareholding Ratio: Not Applicable

12. Other Matters to be Disclosed: None

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Source: PR Times
Category: News
Organizations: ITH Corporation / Ambitious International Limited

TPK-KY Announces Shareholders' Resolution to Lift Non-Competition Restrictions on Directors and Their Representatives

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