【CTBC Financial Holding】Announcement by Subsidiary CTBC Bank Co., Ltd. Regarding Lifting of Non-Compete Restriction for Directors
CTBC Financial Holding has lifted the non-compete restriction for Wang Cheng-Hsin, a director of its subsidiary CTBC Bank Co., Ltd., allowing him to concurrently serve as a director of CTBC Bank (Philippines) Corp. This enables Director Wang to legally hold positions in both companies.
📋 Article Processing Timeline
- 📰 Published: April 24, 2026 at 09:00
- 🔍 Collected: April 25, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: April 25, 2026 at 08:16 (15 min after Collected)
1. Date of shareholders' meeting resolution: 2026/04/24
2. Name and title of director permitted to engage in competitive activities:
Wang Cheng-Hsin / Director of CTBC Bank Co., Ltd.
3. Items of permitted competitive activities: Serving as a director of CTBC Bank (Philippines) Corp.
4. Period of permitted competitive activities: During the period of serving as a director of CTBC Bank Co., Ltd.
5. Resolution status (please explain voting results according to Article 209 of the Company Act): Approved unanimously by all attending directors, excluding recused interested parties.
6. Name and title of director if permitted competitive activity involves a business in Mainland China (if not a Mainland China business, please enter "Not applicable" below): Not applicable
7. Company name and position in that Mainland China business: Not applicable
8. Address of that Mainland China business: Not applicable
9. Business items of that Mainland China business: Not applicable
10. Degree of impact on the company's financial and business operations: No impact
11. If the director has invested in that Mainland China business, the investment amount and shareholding ratio: Not applicable
12. Other matters to be specified: This case was resolved by the Board of Directors acting on behalf of the shareholders' meeting.
2. Name and title of director permitted to engage in competitive activities:
Wang Cheng-Hsin / Director of CTBC Bank Co., Ltd.
3. Items of permitted competitive activities: Serving as a director of CTBC Bank (Philippines) Corp.
4. Period of permitted competitive activities: During the period of serving as a director of CTBC Bank Co., Ltd.
5. Resolution status (please explain voting results according to Article 209 of the Company Act): Approved unanimously by all attending directors, excluding recused interested parties.
6. Name and title of director if permitted competitive activity involves a business in Mainland China (if not a Mainland China business, please enter "Not applicable" below): Not applicable
7. Company name and position in that Mainland China business: Not applicable
8. Address of that Mainland China business: Not applicable
9. Business items of that Mainland China business: Not applicable
10. Degree of impact on the company's financial and business operations: No impact
11. If the director has invested in that Mainland China business, the investment amount and shareholding ratio: Not applicable
12. Other matters to be specified: This case was resolved by the Board of Directors acting on behalf of the shareholders' meeting.