[PTI] Announcement regarding the lifting of non-compete restrictions for directors at the 115th Annual General Meeting
Powertech Technology (PTI) announced that its 115th Annual General Meeting held on May 27, 115, approved the lifting of non-compete restrictions for nine directors and independent directors, including Tsai Tu-kung and Lin Chi-cheng. This resolution permits directors to hold concurrent positions in companies with similar business scopes. Notably, independent director Chen Jui-tsung holds multiple chairman positions within the Compal Group in mainland China. The company stated that, per Ministry of Economic Affairs interpretations, these roles do not constitute a conflict of interest due to the 100% parent-subsidiary relationship, and the resolution has no material impact on the company's finances.
📋 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 18:50 (82h 50m after Collected)
1. Date of Shareholders' Meeting: 115/05/27
2. Names and titles of directors permitted to engage in competitive activities: Directors Tsai Tu-kung, Lin Chi-cheng, Kingston Technology Corporation (Rep: Wu Li-ching), ChipMOS Technologies (Rep: Hsieh Yung-ta), Kioxia Taiwan (Rep: Junichi Asada), and Independent Directors Chang Kuang-yao, Chen Jui-tsung, Tung Chao-chin, Hsieh Tsai-chu.
3. Scope of permitted competitive activities: Companies with the same or similar business scope as the company.
4. Duration: During the term of office as a director.
5. Resolution status: Passed by more than two-thirds of the total issued shares present, with a majority of voting rights in favor.
6. Directors involved in mainland China business: Independent Director Chen Jui-tsung.
7. Mainland China entities and positions: Chen Jui-tsung serves as Chairman for various Compal entities including Compal Optoelectronics (Kunshan), Compal Investment (Jiangsu), etc.
8. Addresses of mainland China entities: Various locations in Kunshan, Chongqing, and Chengdu.
9. Business scope of mainland China entities: Manufacturing and sales of laptops, LCD TVs, electronic components, and related services.
10. Impact on company finances: None.
11. Investment amount and shareholding ratio: None.
12. Other: Based on Ministry of Economic Affairs interpretations, concurrent positions in 100% owned subsidiaries do not constitute competitive activities under Article 209 of the Company Act.
2. Names and titles of directors permitted to engage in competitive activities: Directors Tsai Tu-kung, Lin Chi-cheng, Kingston Technology Corporation (Rep: Wu Li-ching), ChipMOS Technologies (Rep: Hsieh Yung-ta), Kioxia Taiwan (Rep: Junichi Asada), and Independent Directors Chang Kuang-yao, Chen Jui-tsung, Tung Chao-chin, Hsieh Tsai-chu.
3. Scope of permitted competitive activities: Companies with the same or similar business scope as the company.
4. Duration: During the term of office as a director.
5. Resolution status: Passed by more than two-thirds of the total issued shares present, with a majority of voting rights in favor.
6. Directors involved in mainland China business: Independent Director Chen Jui-tsung.
7. Mainland China entities and positions: Chen Jui-tsung serves as Chairman for various Compal entities including Compal Optoelectronics (Kunshan), Compal Investment (Jiangsu), etc.
8. Addresses of mainland China entities: Various locations in Kunshan, Chongqing, and Chengdu.
9. Business scope of mainland China entities: Manufacturing and sales of laptops, LCD TVs, electronic components, and related services.
10. Impact on company finances: None.
11. Investment amount and shareholding ratio: None.
12. Other: Based on Ministry of Economic Affairs interpretations, concurrent positions in 100% owned subsidiaries do not constitute competitive activities under Article 209 of the Company Act.
FAQ
Why did Powertech Technology lift non-compete restrictions?
To comply with Article 209 of the Company Act, which requires shareholder approval when directors hold positions in companies with similar business scopes.