Sunplus Announces Shareholders' Meeting Resolution to Lift Non-Compete Restrictions on Directors
Sunplus has resolved at its shareholders' meeting to lift non-compete restrictions for three directors, permitting them to engage in businesses similar to the company's during their tenure, with no impact on financial or operational performance.
📋 Article Processing Timeline
- 📰 Published: June 15, 2026 at 09:00
- 🔍 Collected: June 16, 2026 at 17:00 (32h 0m after Published)
- 🤖 AI Analyzed: June 16, 2026 at 17:18 (18 min after Collected)
1. Shareholders' Meeting Resolution Date: 115/06/15
2. Names and Titles of Directors Permitted to Engage in Competitive Activities:
(1) Chan, Wen-Hsiung – Director (Representative of Taiwan Lofei Co., Ltd.)
(2) Tsai, Chih-Chieh – Director
(3) Chen, Jui-Chi – Independent Director
3. Permitted Competitive Activities: Companies with business scopes identical or similar to the company's
4. Duration of Permitted Competitive Activities: During term of office
5. Resolution Outcome (as per Article 209 of the Company Act): Approved by shareholders representing over half of issued shares, with more than two-thirds of voting rights from attending shareholders in favor.
6. Directors Engaging in Competitive Activities Related to Mainland China-based Businesses (if not applicable, enter '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. Directors' Investment Amount and Shareholding Ratio in Such Mainland China-based Business (if any): None
12. Other Matters to be Disclosed: None
2. Names and Titles of Directors Permitted to Engage in Competitive Activities:
(1) Chan, Wen-Hsiung – Director (Representative of Taiwan Lofei Co., Ltd.)
(2) Tsai, Chih-Chieh – Director
(3) Chen, Jui-Chi – Independent Director
3. Permitted Competitive Activities: Companies with business scopes identical or similar to the company's
4. Duration of Permitted Competitive Activities: During term of office
5. Resolution Outcome (as per Article 209 of the Company Act): Approved by shareholders representing over half of issued shares, with more than two-thirds of voting rights from attending shareholders in favor.
6. Directors Engaging in Competitive Activities Related to Mainland China-based Businesses (if not applicable, enter '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. Directors' Investment Amount and Shareholding Ratio in Such Mainland China-based Business (if any): None
12. Other Matters to be Disclosed: None
FAQ
Why did Sunplus lift the non-compete restriction?
To promote external collaboration and leverage industry expertise through flexible governance.
Is this legally compliant?
Yes. The resolution follows Article 209 of Taiwan's Company Law with proper shareholder approval.
Impact on financials?
The company states there is no impact on financial or operational performance.