Cathay Financial Announces Shareholders' Approval of Waiver of Non-Compete Obligations for Directors at Cathay Wind Energy Holdings
Key facts
- Cathay Financial Announces Shareholders' Approval of Waiver of Non-Compete Obligations for Directors at Cathay Wind Energy Holdings
- Cathay Wind Energy Holdings Co., Ltd. announced that its 2026 shareholders' meeting approved the waiver of non-compete obligations for several directors, allowing them to engage in similar business activities during their tenure.
- Source: PR Times
- Date: June 26, 2026
Direct answer
Cathay Wind Energy Holdings Co., Ltd. announced that its 2026 shareholders' meeting approved the waiver of non-compete obligations for several directors, allowing them to engage in similar business activities during their tenure.
- Citation
- Cathay Financial Announces Shareholders' Approval of Waiver of Non-Compete Obligations for Directors at Cathay Wind Energy Holdings (June 26, 2026), PR Times
- Source
- PR Times
- Date
- June 26, 2026
Cathay Wind Energy Holdings Co., Ltd. announced that its 2026 shareholders' meeting approved the waiver of non-compete obligations for several directors, allowing them to engage in similar business activities during their tenure.
📋 Article Processing Timeline
- 📰 Published: June 26, 2026 at 09:00
- 🔍 Collected: June 27, 2026 at 17:00 (32h 0m after Published)
- 🤖 AI Analyzed: June 27, 2026 at 18:13 (1h 13m after Collected)
1. Shareholders' meeting resolution date: 2026/06/26
2. Names and titles of directors permitted to engage in competing activities:
(1) Li Wei-Chi / Chairman
(2) Yang Hua-Hsin / Director
(3) Lin Chi-Pang / Director
(4) Huang Shao-Chou / Director
3. Scope of permitted competing activities: Companies engaged in businesses identical or similar to those of the company
4. Duration of permitted competing activities: During the period of serving as director of the company
5. Resolution outcome (voting results per Article 209 of the Company Act): The resolution was approved by shareholders representing more than two-thirds of issued shares, with a majority of voting rights from attending shareholders in favor
6. Names and titles of directors engaging in businesses in Mainland China (enter 'Not applicable' if not applicable): Not applicable
7. Company name and position held in such Mainland China business: Not applicable
8. Address of such Mainland China business: Not applicable
9. Business scope of such Mainland China business: Not applicable
10. Impact on the company's financial and operational status: Not applicable
11. Investment amount and shareholding ratio if directors have invested in such Mainland China business: Not applicable
12. Other matters to be disclosed: None
2. Names and titles of directors permitted to engage in competing activities:
(1) Li Wei-Chi / Chairman
(2) Yang Hua-Hsin / Director
(3) Lin Chi-Pang / Director
(4) Huang Shao-Chou / Director
3. Scope of permitted competing activities: Companies engaged in businesses identical or similar to those of the company
4. Duration of permitted competing activities: During the period of serving as director of the company
5. Resolution outcome (voting results per Article 209 of the Company Act): The resolution was approved by shareholders representing more than two-thirds of issued shares, with a majority of voting rights from attending shareholders in favor
6. Names and titles of directors engaging in businesses in Mainland China (enter 'Not applicable' if not applicable): Not applicable
7. Company name and position held in such Mainland China business: Not applicable
8. Address of such Mainland China business: Not applicable
9. Business scope of such Mainland China business: Not applicable
10. Impact on the company's financial and operational status: Not applicable
11. Investment amount and shareholding ratio if directors have invested in such Mainland China business: Not applicable
12. Other matters to be disclosed: None
FAQ
What is the purpose of Cathay Wind Energy's non-compete approval?
To optimize management resources within the group and strengthen renewable energy business integration.
Who is affected by this resolution?
Applies to four directors including Chairman Li, allowing competing activities during their term.
How did shareholders approve this?
Approved by over two-thirds of issued shares attending and majority vote of attendees.
Is there involvement in mainland China businesses?
Not applicable; the approval is limited to similar businesses in Taiwan.
What about future oversight?
The board and auditors will continue monitoring conflict-of-interest management.