[Taiwan Optical Platform] Subsidiary Taiwan Optical Telecom announces shareholder approval for waiver of non-compete obligations for directors
On May 20, 2026, Taiwan Optical Telecom held its shareholders' meeting and approved the waiver of non-compete obligations for five directors, including Tsai Chao-hsun.
📋 Article Processing Timeline
- 📰 Published: May 20, 2026 at 09:00
- 🔍 Collected: May 21, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 21, 2026 at 08:47 (47 min after Collected)
1. Date of Shareholders' Meeting resolution: May 20, 2026
2. Names and titles of directors permitted to engage in competitive behavior:
- Director: Taiwan Digital Light Optical Technology Co., Ltd. Representative Tsai Chao-hsun
- Director: Taiwan Digital Light Optical Technology Co., Ltd. Representative Cheng Yung-hsin
- Director: Taiwan Digital Light Optical Technology Co., Ltd. Representative Wang Ming-cheng
- Director: Taiwan Digital Light Optical Technology Co., Ltd. Representative Cheng Yi-chen
- Director: Taiwan Digital Light Optical Technology Co., Ltd. Representative Liao Yueh-ting
3. Items permitted for competitive behavior:
- Investing in or operating companies with the same or similar business scope as the company.
4. Period of permitted competitive behavior: During the tenure as a director of the company.
5. Resolution status (explanation of voting results according to Article 209 of the Company Act):
- Approved without objection by all attending shareholders.
6. If the permitted competitive behavior involves business in Mainland China, name and title of the director:
- Not applicable
7. Name and position in the Mainland China business:
- Not applicable
8. Address of the Mainland China business:
- Not applicable
9. Business scope of the Mainland China business:
- Not applicable
10. Impact on the company's financial and business operations:
- No impairment to the company's interests.
11. If the director invests in the Mainland China business, investment amount and shareholding ratio:
- Not applicable
12. Other items to be stated: None.
2. Names and titles of directors permitted to engage in competitive behavior:
- Director: Taiwan Digital Light Optical Technology Co., Ltd. Representative Tsai Chao-hsun
- Director: Taiwan Digital Light Optical Technology Co., Ltd. Representative Cheng Yung-hsin
- Director: Taiwan Digital Light Optical Technology Co., Ltd. Representative Wang Ming-cheng
- Director: Taiwan Digital Light Optical Technology Co., Ltd. Representative Cheng Yi-chen
- Director: Taiwan Digital Light Optical Technology Co., Ltd. Representative Liao Yueh-ting
3. Items permitted for competitive behavior:
- Investing in or operating companies with the same or similar business scope as the company.
4. Period of permitted competitive behavior: During the tenure as a director of the company.
5. Resolution status (explanation of voting results according to Article 209 of the Company Act):
- Approved without objection by all attending shareholders.
6. If the permitted competitive behavior involves business in Mainland China, name and title of the director:
- Not applicable
7. Name and position in the Mainland China business:
- Not applicable
8. Address of the Mainland China business:
- Not applicable
9. Business scope of the Mainland China business:
- Not applicable
10. Impact on the company's financial and business operations:
- No impairment to the company's interests.
11. If the director invests in the Mainland China business, investment amount and shareholding ratio:
- Not applicable
12. Other items to be stated: None.
FAQ
Why was the non-compete waiver granted for the directors?
It was approved through shareholder resolutions to facilitate synergies and optimize human resources across group companies.
Are there any limitations on this waiver?
The waiver applies only to the extent that it does not harm the company's interests, adhering to Article 209 of the Company Act.
What is a non-compete obligation?
A rule under company law that restricts directors from engaging in business that directly competes with the company they serve.