[PTI] Announcement regarding the lifting of non-compete restrictions for directors at the 115th Annual General Meeting
Key facts
- [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.
- Source: PR Times
- Date: May 27, 2026
Direct answer
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.
- Citation
- [PTI] Announcement regarding the lifting of non-compete restrictions for directors at the 115th Annual General Meeting (May 27, 2026), PR Times
- Source
- PR Times
- Date
- May 27, 2026
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)
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.
What are the key facts in this article?
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.
What is the direct answer?
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.