Why did Hokuo Financial lift the non-compete restriction for directors?

To enhance governance flexibility while maintaining policy coordination with government and institutional shareholders.

Which directors are permitted to engage in competing businesses?

Eight institutional and government-appointed directors, including representatives from the Ministry of Finance and cooperatives.

Does this resolution affect the company's financial operations?

No material impact is expected, and the permitted activities do not involve mainland China businesses.

Hokuo Financial Holding Announces Shareholders' Approval to Lift Non-Compete Restrictions for 6th-Term Directors

Published Jun 18, 2026 9:00 AM ・ Updated Jun 20, 2026 12:30 AM ・ 4 min read ・ Source: PR Times

On June 18, 115 (2026), Hokuo Financial Holding's annual shareholders' meeting approved the lifting of non-compete restrictions for its 6th-term directors. The resolution permits designated government and institutional representative directors to engage in similar business activities during their tenure.

1. Shareholders' Meeting Resolution Date: 115/06/18

2. Names and Titles of Directors Permitted to Engage in Competitive Activities: (1) Ministry of Finance / Government Director (2) Chinese Farmers' Association / Corporate Director (3) Limited Liability United Cooperative Association of the Republic of China / Corporate Director (4) Lin, Yen-Mao / Government Director, Representative of the Ministry of Finance (5) Su, Tso-Cheng / Government Director, Representative of the Ministry of Finance (6) Hsiao, Han-Chun / Corporate Director, Representative of the Chinese Farmers' Association (7) Chang, Yung-Cheng / Corporate Director, Representative of the Chinese Farmers' Association (8) Mai, Sheng-Kang / Corporate Director, Representative of the Limited Liability United Cooperative Association of the Republic of China

3. Permitted Competitive Activities: Positions in companies with business scopes identical or similar to that of the company.

4. Duration of Permitted Competitive Activities: During the period of serving as a director of the company.

5. Resolution Outcome (Voting Results under Article 209 of the Company Act): This proposal was approved with more than two-thirds of the total issued shares with voting rights present, and over half of the voting rights of attending shareholders in favor.

6. Names and Titles of Directors Engaging in Competitive Activities Related to Mainland China-Based Businesses (Enter 'Not Applicable' if 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: Not Applicable.

11. If Directors Have Invested in Such Mainland China-Based Business, Investment Amount and Shareholding Ratio: Not Applicable.

12. Other Matters to Be Disclosed: None.

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Source: PR Times
Category: News
Dates in source: 115/06/18

Hokuo Financial Holding Announces Shareholders' Approval to Lift Non-Compete Restrictions for 6th-Term Directors

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