[CTBC Financial] Notice of Waiver of Non-Compete Obligations for Director of Subsidiary CTBC Securities
Key facts
- [CTBC Financial] Notice of Waiver of Non-Compete Obligations for Director of Subsidiary CTBC Securities
- CTBC Financial Holding's subsidiary, CTBC Securities, announced that its board approved the waiver of non-compete obligations for Director Zhang Mingjie to allow him to serve concurrently as Chief Economist at Fulbright Investment Bank.
- Source: 臺灣證券交易所 TWSE
- Date: May 19, 2026
Direct answer
CTBC Financial Holding's subsidiary, CTBC Securities, announced that its board approved the waiver of non-compete obligations for Director Zhang Mingjie to allow him to serve concurrently as Chief Economist at Fulbright Investment Bank.
- Citation
- [CTBC Financial] Notice of Waiver of Non-Compete Obligations for Director of Subsidiary CTBC Securities (May 19, 2026), 臺灣證券交易所 TWSE
- Source
- 臺灣證券交易所 TWSE
- Date
- May 19, 2026
CTBC Financial Holding's subsidiary, CTBC Securities, announced that its board approved the waiver of non-compete obligations for Director Zhang Mingjie to allow him to serve concurrently as Chief Economist at Fulbright Investment Bank.
📋 Article Processing Timeline
- 📰 Published: May 19, 2026 at 09:00
- 🔍 Collected: May 20, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 20, 2026 at 09:02 (1h 2m after Collected)
1. Date of Board Resolution: May 19, 2026
2. Name and Title of Manager Granted Non-Compete Waiver: Zhang Mingjie, Director
3. Items Subject to Non-Compete Waiver: Serving as Chief Economist at Fulbright Investment Bank
4. Period of Non-Compete Waiver: During the term of his directorship at CTBC Securities Co., Ltd.
5. Status of Resolution (Voting results pursuant to Article 32 of the Company Act): Approved as proposed by the unanimous consent of all directors (with the interested party recusing himself)
6. Name and Title of Manager if Competitive Conduct Involves Mainland China Business: Not applicable
7. Name and Title of Company in Mainland China: Not applicable
8. Address of Company in Mainland China: Not applicable
9. Business Items of Company in Mainland China: Not applicable
10. Impact on Financials and Operations: Not applicable
11. Investment Amount and Shareholding Ratio of Manager in Mainland China Business: Not applicable
12. Other Supplementary Matters: None
2. Name and Title of Manager Granted Non-Compete Waiver: Zhang Mingjie, Director
3. Items Subject to Non-Compete Waiver: Serving as Chief Economist at Fulbright Investment Bank
4. Period of Non-Compete Waiver: During the term of his directorship at CTBC Securities Co., Ltd.
5. Status of Resolution (Voting results pursuant to Article 32 of the Company Act): Approved as proposed by the unanimous consent of all directors (with the interested party recusing himself)
6. Name and Title of Manager if Competitive Conduct Involves Mainland China Business: Not applicable
7. Name and Title of Company in Mainland China: Not applicable
8. Address of Company in Mainland China: Not applicable
9. Business Items of Company in Mainland China: Not applicable
10. Impact on Financials and Operations: Not applicable
11. Investment Amount and Shareholding Ratio of Manager in Mainland China Business: Not applicable
12. Other Supplementary Matters: None
FAQ
Why is a waiver of non-compete obligations for directors required?
Under company law, when a director takes a concurrent position in another firm, approval is required to prevent conflicts of interest.
What is Fulbright Investment Bank?
The announcement does not provide specific details, but it is an investment banking firm.
How was the resolution passed?
It was approved by the board; the interested party, Zhang Mingjie, recused himself from the proceedings.