Jia Hwa Announces Shareholders' Meeting Resolution to Lift Non-Competition Restrictions on Directors
Key facts
- Jia Hwa Announces Shareholders' Meeting Resolution to Lift Non-Competition Restrictions on Directors
- Jia Hwa's 2026 annual general meeting resolved to lift non-competition restrictions for eight directors, permitting them to invest in or operate businesses similar to the company's during their term, with no impact on financial or operational performance.
- Source: PR Times
- Date: June 24, 2026
Direct answer
Jia Hwa's 2026 annual general meeting resolved to lift non-competition restrictions for eight directors, permitting them to invest in or operate businesses similar to the company's during their term, with no impact on financial or operational performance.
- Citation
- Jia Hwa Announces Shareholders' Meeting Resolution to Lift Non-Competition Restrictions on Directors (June 24, 2026), PR Times
- Source
- PR Times
- Date
- June 24, 2026
Jia Hwa's 2026 annual general meeting resolved to lift non-competition restrictions for eight directors, permitting them to invest in or operate businesses similar to the company's during their term, with no impact on financial or operational performance.
📋 Article Processing Timeline
- 📰 Published: June 24, 2026 at 09:00
- 🔍 Collected: June 25, 2026 at 17:00 (32h 0m after Published)
- 🤖 AI Analyzed: June 25, 2026 at 17:54 (54 min after Collected)
1. Shareholders' Meeting Resolution Date: June 24, 2026
2. Names and Titles of Directors Permitted to Engage in Competitive Activities:
(1) Director: Weng Wei-Xiang
(2) Director: Weng Quan-Hui
(3) Director: Weng Mao-Long
(4) Director: Weng Rong-Quan
(5) Director: Weng Rong-Zhi
(6) Independent Director: Guo Nan-Jiang
(7) Independent Director: Zeng Ying-Qi
(8) Independent Director: Dai Zuo-Min
3. Permitted Competitive Activities: Investing in or operating other companies with business scopes identical or similar to that of the company.
4. Duration of Permitted Competitive Activities: During the period of serving as directors of the company.
5. Resolution Outcome (Voting Results as per Article 209 of the Company Act):
The proposal was approved as submitted, based on votes from attending shareholders including electronic voting.
6. Directors Engaging in Competitive Activities Related to Mainland China-based Businesses (Enter 'Not Applicable' if not applicable): Not Applicable
7. Company Name and Position Held in Such Mainland China-based Business: Not Applicable
8. Address of Such Mainland China-based Business: Not Applicable
9. Business Scope of Such Mainland China-based Business: Not Applicable
10. Impact on the Company's Financial and Business Operations: None
11. If Directors Have Invested in Such Mainland China-based Business, Investment Amount and Shareholding Ratio: None
12. Other Matters to Be Disclosed: None
2. Names and Titles of Directors Permitted to Engage in Competitive Activities:
(1) Director: Weng Wei-Xiang
(2) Director: Weng Quan-Hui
(3) Director: Weng Mao-Long
(4) Director: Weng Rong-Quan
(5) Director: Weng Rong-Zhi
(6) Independent Director: Guo Nan-Jiang
(7) Independent Director: Zeng Ying-Qi
(8) Independent Director: Dai Zuo-Min
3. Permitted Competitive Activities: Investing in or operating other companies with business scopes identical or similar to that of the company.
4. Duration of Permitted Competitive Activities: During the period of serving as directors of the company.
5. Resolution Outcome (Voting Results as per Article 209 of the Company Act):
The proposal was approved as submitted, based on votes from attending shareholders including electronic voting.
6. Directors Engaging in Competitive Activities Related to Mainland China-based Businesses (Enter 'Not Applicable' if not applicable): Not Applicable
7. Company Name and Position Held in Such Mainland China-based Business: Not Applicable
8. Address of Such Mainland China-based Business: Not Applicable
9. Business Scope of Such Mainland China-based Business: Not Applicable
10. Impact on the Company's Financial and Business Operations: None
11. If Directors Have Invested in Such Mainland China-based Business, Investment Amount and Shareholding Ratio: None
12. Other Matters to Be Disclosed: None
FAQ
What is the legal basis for Jia Hwa's non-compete waiver?
Approved under Article 209 of Taiwan's Company Act via shareholder resolution.
Who is affected by this resolution?
Eight directors, including members of the Weng family and independent directors.
Are similar cases common in Taiwan?
Yes, increasingly seen in family-run and group-affiliated firms for governance flexibility.