Sanyo Denki Announces Shareholders' Meeting Resolution to Lift Non-Competition Restrictions for Newly Appointed Directors and Their Representatives
Key facts
- Sanyo Denki Announces Shareholders' Meeting Resolution to Lift Non-Competition Restrictions for Newly Appointed Directors and Their Representatives
- Sanyo Denki's 115th annual shareholders' meeting resolved to lift non-competition restrictions for two corporate director representatives, permitting them to engage in competing business activities during their tenure.
- Source: PR Times
- Date: June 16, 2026
Direct answer
Sanyo Denki's 115th annual shareholders' meeting resolved to lift non-competition restrictions for two corporate director representatives, permitting them to engage in competing business activities during their tenure.
- Citation
- Sanyo Denki Announces Shareholders' Meeting Resolution to Lift Non-Competition Restrictions for Newly Appointed Directors and Their Representatives (June 16, 2026), PR Times
- Source
- PR Times
- Date
- June 16, 2026
Sanyo Denki's 115th annual shareholders' meeting resolved to lift non-competition restrictions for two corporate director representatives, permitting them to engage in competing business activities during their tenure.
📋 Article Processing Timeline
- 📰 Published: June 16, 2026 at 09:00
- 🔍 Collected: June 17, 2026 at 17:00 (32h 0m after Published)
- 🤖 AI Analyzed: June 18, 2026 at 16:59 (23h 58m after Collected)
1. Shareholders' Meeting Resolution Date: 115/06/16
2. Names and Titles of Directors Permitted to Engage in Competitive Activities:
(1) Li Wen-Feng – Corporate Director Representative of the Taipei City Sanyo Electric Social Welfare Foundation.
(2) Li Wen-Lin – Corporate Director Representative of the Taipei City Chisong Social Welfare Foundation.
3. Permitted Competitive Activities:
Investing in or operating companies with business scopes identical or similar to that of the company.
4. Duration of Permitted Competitive Activities: During the period of serving as directors of the company.
5. Resolution Outcome (as per Article 209 of the Company Act):
Approved as proposed, with no objections raised by attending shareholders upon the chair's inquiry.
6. Director Names and Titles if the Permitted Competitive Activity Involves Mainland China-based Businesses (Enter 'Not Applicable' if not applicable): Not Applicable.
7. Company Name and Position Held in Such Mainland China-based Business: Not Applicable.
8. Address of Such Mainland China-based Business: Not Applicable.
9. Business Scope of Such Mainland China-based Business: Not Applicable.
10. Degree of Impact on the Company's Financial and Business Operations: Not Applicable.
11. If Directors Have Invested in Such Mainland China-based Business, Investment Amount and Shareholding Ratio: Not Applicable.
12. Other Matters to be Disclosed: None.
2. Names and Titles of Directors Permitted to Engage in Competitive Activities:
(1) Li Wen-Feng – Corporate Director Representative of the Taipei City Sanyo Electric Social Welfare Foundation.
(2) Li Wen-Lin – Corporate Director Representative of the Taipei City Chisong Social Welfare Foundation.
3. Permitted Competitive Activities:
Investing in or operating companies with business scopes identical or similar to that of the company.
4. Duration of Permitted Competitive Activities: During the period of serving as directors of the company.
5. Resolution Outcome (as per Article 209 of the Company Act):
Approved as proposed, with no objections raised by attending shareholders upon the chair's inquiry.
6. Director Names and Titles if the Permitted Competitive Activity Involves Mainland China-based Businesses (Enter 'Not Applicable' if not applicable): Not Applicable.
7. Company Name and Position Held in Such Mainland China-based Business: Not Applicable.
8. Address of Such Mainland China-based Business: Not Applicable.
9. Business Scope of Such Mainland China-based Business: Not Applicable.
10. Degree of Impact on the Company's Financial and Business Operations: Not Applicable.
11. If Directors Have Invested in Such Mainland China-based Business, Investment Amount and Shareholding Ratio: Not Applicable.
12. Other Matters to be Disclosed: None.
FAQ
What is the purpose of Sanyo Denki's non-compete waiver?
To respect corporate shareholders' investment autonomy while ensuring proper governance oversight.
Who is affected by this resolution?
Primarily the director representatives from two Taipei-based social welfare foundations.
How long does the waiver last?
The permission applies only during their tenure as directors of Sanyo Denki.
Does this affect the company's finances?
The announcement states there is no material impact on financial or business operations.
Is there international implication?
While localized, it may serve as a governance reference for similar corporate structures.