[Microtek] Resolution of the 115 Annual Shareholders' Meeting Regarding the Lifting of Non-Compete Restrictions for Directors
Microtek held its annual shareholders' meeting on May 26, 115, and approved the lifting of non-compete restrictions for directors Wu Jinlai, Xie Jinghui, and Lin Bocong, who hold concurrent positions in subsidiaries.
📋 Article Processing Timeline
- 📰 Published: May 26, 2026 at 09:00
- 🔍 Collected: May 27, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 31, 2026 at 19:17 (107h 17m after Collected)
1. Date of shareholders' meeting resolution: 115/05/26
2. Permitted directors: Wu Jinlai, Xie Jinghui, Lin Bocong (all representatives of Weisheng United Development)
3. Scope of permission: Limited to activities not detrimental to the company's interests
4. Duration of permission: During the tenure as a director
5. Resolution status: Approved as proposed
6. Mainland China business: Concurrent positions at Shanghai Microtek, Microtek (Wujiang), etc.
7. Impact on company finances: None, as all concurrent positions are within subsidiaries
2. Permitted directors: Wu Jinlai, Xie Jinghui, Lin Bocong (all representatives of Weisheng United Development)
3. Scope of permission: Limited to activities not detrimental to the company's interests
4. Duration of permission: During the tenure as a director
5. Resolution status: Approved as proposed
6. Mainland China business: Concurrent positions at Shanghai Microtek, Microtek (Wujiang), etc.
7. Impact on company finances: None, as all concurrent positions are within subsidiaries
FAQ
Why is the lifting of non-compete necessary?
It is required to legally allow directors to hold concurrent positions in subsidiaries.