What kind of company is Sandi Development?

A Taiwan-based real estate and investment company focusing on integrated group management and flexible governance.

What does lifting non-compete restrictions mean?

It allows directors from affiliated firms to hold concurrent roles in similar businesses, enhancing operational efficiency.

How does this decision affect shareholders?

The company states no financial impact; the aim is to improve governance flexibility and strategic alignment.

Sandi Development Announces Shareholders' Meeting Resolution to Lift Non-Compete Restrictions on Directors and Their Representatives

Published Jun 25, 2026 9:00 AM ・ Updated Jun 27, 2026 2:55 PM ・ 3 min read ・ Source: PR Times

Sandi Development announced that its 115th annual shareholders' meeting resolved to lift non-compete restrictions for two directors—Chung Yu-Lin and Hsiao Yi-Fan, representatives of Lu-Ying Investment Co., Ltd.—allowing them to engage in business activities within the company's operational scope during their term. The resolution was passed under Article 209 of the Company Act, with no impact on the company's financial or operational performance.

1. Shareholders' meeting resolution date: 115/06/25

2. Names and titles of directors permitted to engage in competitive activities: Director: Representative of Lu-Ying Investment Co., Ltd.: Chung Yu-Lin Representative of Lu-Ying Investment Co., Ltd.: Hsiao Yi-Fan

3. Permitted competitive activities: Engaging in business activities falling within the company's operational scope.

4. Duration of permitted competitive activities: During the period of serving as a director of the company.

5. Resolution outcome (voting results explained under Article 209 of the Company Act): In accordance with Article 209 of the Company Act, the resolution was approved by the 115th annual shareholders' meeting of the company.

6. Names and titles of 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 the said Mainland China business: Not applicable

8. Address of the said Mainland China business: Not applicable

9. Business operations of the said Mainland China business: Not applicable

10. Impact on the company's financial and business operations: None

11. If directors have invested in the said Mainland China business, the investment amount and shareholding ratio: Not applicable

12. Other matters to be disclosed: None

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Source: PR Times
Category: News
Dates in source: 115/06/25

Sandi Development Announces Shareholders' Meeting Resolution to Lift Non-Compete Restrictions on Directors and Their Representatives

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