Kai Fund Announces Shareholders' Approval of Directors' Waiver from Non-Competition Restrictions at 115th Annual General Meeting
At its 115th annual general meeting, Kai Fund approved a resolution permitting Vice Chairman Shen Rong-Jin and Director Lee Jong-Pei to engage in competitive business activities during their tenure as directors, in accordance with Article 209 of the Company Act. The decision constitutes a material disclosure.
📋 Article Processing Timeline
- 📰 Published: June 12, 2026 at 09:00
- 🔍 Collected: June 13, 2026 at 17:00 (32h 0m after Published)
- 🤖 AI Analyzed: June 13, 2026 at 17:15 (14 min after Collected)
1. Date of shareholders' meeting resolution: 115/06/12
2. Names and titles of directors permitted to engage in competitive activities:
Shen Rong-Jin / Vice Chairman, Lee Jong-Pei / Director.
3. Nature of permitted competitive activities:
Engaging in business activities identical or similar to the company's scope due to concurrent positions held at other companies.
4. Duration of permitted competitive activities:
Throughout the period of serving as directors of the company.
5. Voting outcome (as required under Article 209 of the Company Act):
The resolution was passed with over two-thirds of issued shares represented at the meeting, and a majority of voting rights from attending shareholders in favor.
6. Directors engaging in competitive activities related to enterprises in Mainland China (enter 'Not Applicable' if not applicable):
Not Applicable.
7. Company name and position held in such Mainland China enterprise:
Not Applicable.
8. Address of such Mainland China enterprise:
Not Applicable.
9. Business scope of such Mainland China enterprise:
Not Applicable.
10. Impact on the company's financial and business operations:
Not Applicable.
11. If directors have invested in such Mainland China enterprise, investment amount and shareholding ratio:
Not Applicable.
12. Other matters to be disclosed:
None.
2. Names and titles of directors permitted to engage in competitive activities:
Shen Rong-Jin / Vice Chairman, Lee Jong-Pei / Director.
3. Nature of permitted competitive activities:
Engaging in business activities identical or similar to the company's scope due to concurrent positions held at other companies.
4. Duration of permitted competitive activities:
Throughout the period of serving as directors of the company.
5. Voting outcome (as required under Article 209 of the Company Act):
The resolution was passed with over two-thirds of issued shares represented at the meeting, and a majority of voting rights from attending shareholders in favor.
6. Directors engaging in competitive activities related to enterprises in Mainland China (enter 'Not Applicable' if not applicable):
Not Applicable.
7. Company name and position held in such Mainland China enterprise:
Not Applicable.
8. Address of such Mainland China enterprise:
Not Applicable.
9. Business scope of such Mainland China enterprise:
Not Applicable.
10. Impact on the company's financial and business operations:
Not Applicable.
11. If directors have invested in such Mainland China enterprise, investment amount and shareholding ratio:
Not Applicable.
12. Other matters to be disclosed:
None.
FAQ
What was approved at Kai Fund's shareholders' meeting?
The resolution permits specific directors to engage in competitive business activities during their tenure.
How does this affect investors?
It increases governance flexibility but requires strong conflict-of-interest controls.
How long does the waiver last?
The permission remains valid throughout their term as directors of Kai Fund.