[APC] Announcement regarding the resolution of the 2026 Annual General Meeting to lift non-compete restrictions for directors
Asia Polymer Corporation (APC) announced that its 2026 Annual General Meeting, held on May 28, 2026, approved the lifting of non-compete restrictions for independent directors Shen Shang-hung and Chang Li-chiu. The authorization is valid from May 28, 2026, to May 27, 2027, provided that the company's interests are not compromised. The resolution does not involve business operations in mainland 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 18:41 (58h 41m after Collected)
1. Date of the shareholders' meeting resolution: 2026/05/28
2. Names and titles of directors permitted to engage in competitive activities: Independent Director Shen Shang-hung, Independent Director Chang Li-chiu.
3. Items of permitted competitive activities: Competitive activities by the aforementioned directors are permitted provided they do not harm the interests of the company.
4. Period of permitted competitive activities: From 2026/05/28 to 2027/05/27, during their tenure as directors of the company.
5. Resolution details (voting results according to Article 209 of the Company Act): In accordance with Article 209 of the Company Act, the 2026 Annual General Meeting held on May 28, 2026, approved the lifting of non-compete restrictions for directors, provided that the company's interests are not compromised.
6. Names and titles of directors if the permitted competitive activity involves business in mainland China (if not applicable, enter 'Not Applicable'): Not Applicable.
7. Company name and position held in the mainland China business: Not Applicable.
8. Address of the mainland China business: Not Applicable.
9. Business scope of the mainland China business: Not Applicable.
10. Impact on the company's financial and business operations: Not Applicable.
11. Investment amount and shareholding ratio if the director has invested in the mainland China business: Not Applicable.
12. Other matters to be stated: None.
2. Names and titles of directors permitted to engage in competitive activities: Independent Director Shen Shang-hung, Independent Director Chang Li-chiu.
3. Items of permitted competitive activities: Competitive activities by the aforementioned directors are permitted provided they do not harm the interests of the company.
4. Period of permitted competitive activities: From 2026/05/28 to 2027/05/27, during their tenure as directors of the company.
5. Resolution details (voting results according to Article 209 of the Company Act): In accordance with Article 209 of the Company Act, the 2026 Annual General Meeting held on May 28, 2026, approved the lifting of non-compete restrictions for directors, provided that the company's interests are not compromised.
6. Names and titles of directors if the permitted competitive activity involves business in mainland China (if not applicable, enter 'Not Applicable'): Not Applicable.
7. Company name and position held in the mainland China business: Not Applicable.
8. Address of the mainland China business: Not Applicable.
9. Business scope of the mainland China business: Not Applicable.
10. Impact on the company's financial and business operations: Not Applicable.
11. Investment amount and shareholding ratio if the director has invested in the mainland China business: Not Applicable.
12. Other matters to be stated: None.
FAQ
What is Asia Polymer Corporation?
Asia Polymer Corporation (APC) is a prominent Taiwanese petrochemical company specializing in the production and sale of polyethylene resins.