【Foxsemicon】Announcement of Shareholder Resolution on Lifting Non-Compete Restrictions for Directors
Foxsemicon Integrated Technology held its annual general meeting on May 27, 115, approving the lifting of non-compete restrictions for its directors, including representatives from Hon Yang Venture Capital and independent directors, to allow concurrent roles in Foxconn and other entities.
📋 Article Processing Timeline
- 📰 Published: May 27, 2026 at 09:00
- 🔍 Collected: May 28, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 31, 2026 at 18:51 (82h 51m after Collected)
1. Date of resolution: 115/05/27. 2. Names and titles of directors permitted to engage in competitive activities: (1) Hon Yang Venture Capital, (2) Director: Chen Wei-Ming, (3) Director: Huang Jung-Ching, (4) Independent Director: Li Kang-Chih, (5) Independent Director: Wu Shu-Hui, (6) Independent Director: Huang Ya-Hui, (7) Independent Director: Chen Tai-Ming. 3. Scope of permitted activities: Concurrent positions in other profit-seeking enterprises. 4. Duration: During their tenure as directors. 5. Voting results: Approved with 77.78% of voting rights in favor. 6. Mainland China operations: Applicable to Chen Wei-Ming and Li Kang-Chih. 7. Details of Mainland operations: Includes Qingdao New Core Technology and Foxconn-related entities. 10. Financial impact: None.
FAQ
What is the non-compete waiver for Foxsemicon?
It is a legal requirement for directors holding concurrent positions in other companies.