[Asia Cement] Announcement on Lifting Non-Compete Restrictions for Directors
Asia Cement approved the lifting of non-compete restrictions for six directors, including Hsu Shu-tong, at the shareholders' meeting on May 28, 115, to facilitate operations in China.
📋 Article Processing Timeline
- 📰 Published: May 28, 2026 at 09:00
- 🔍 Collected: May 29, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 31, 2026 at 18:36 (58h 35m after Collected)
1. Resolution date: 115/05/28. 2. Directors: Hsu Shu-tong, Hsu Shu-ping, Li Kun-yen, Chang Chen-kun, Chen Rui-long, Wu Ling-ling. 3. Permitted activities: Sales of clinker, cement, limestone, ready-mixed concrete, etc. 4. Duration: 3 years from 115/05/28. 5. Resolution result: Passed with over two-thirds of shares represented. 6. Positions in China: Hsu Shu-tong (Chairman of Asia Cement China), Chang Chen-kun (CEO of Asia Cement China), etc. 7. Impact: Necessary for investment and operations in China.
FAQ
What is a non-compete obligation?
A duty preventing directors from engaging in businesses that compete with the company.