Kuo Piao Securities Announces Shareholders' Approval of Lifting Non-Competition Restrictions for 13th-Directors at 115th Annual General Meeting
Key facts
- Kuo Piao Securities Announces Shareholders' Approval of Lifting Non-Competition Restrictions for 13th-Directors at 115th Annual General Meeting
- Kuo Piao Comprehensive Securities Co., Ltd. announced that its 115th annual general meeting approved the lifting of non-competition restrictions for certain directors, permitting them to engage in similar business activities during their term, in compliance with Article 209 of the Company Act.
- Source: PR Times
- Date: June 26, 2026
Direct answer
Kuo Piao Comprehensive Securities Co., Ltd. announced that its 115th annual general meeting approved the lifting of non-competition restrictions for certain directors, permitting them to engage in similar business activities during their term, in compliance with Article 209 of the Company Act.
- Citation
- Kuo Piao Securities Announces Shareholders' Approval of Lifting Non-Competition Restrictions for 13th-Directors at 115th Annual General Meeting (June 26, 2026), PR Times
- Source
- PR Times
- Date
- June 26, 2026
Kuo Piao Comprehensive Securities Co., Ltd. announced that its 115th annual general meeting approved the lifting of non-competition restrictions for certain directors, permitting them to engage in similar business activities during their term, in compliance with Article 209 of the Company Act.
📋 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 18:46 (1h 46m after Collected)
1. Shareholders' Meeting Resolution Date: 115/06/26
2. Names and Titles of Directors Permitted to Engage in Competitive Activities:
- Li, Jian-Hua / Representative of Corporate Director
- Zhang, Rong-Tai / Representative of Corporate Director
- Liu, Jiang-Bao / Independent Director
- Wu, Wei-En / Independent Director
3. Scope of Permitted Competitive Activities: Companies with business operations identical or similar to those of the Company
4. Duration of Permitted Competitive Activities: During the period of serving as a director of the Company
5. Voting Outcome (as required by Article 209 of the Company Act):
The resolution was passed with over half of the issued shares represented at the meeting, and more than two-thirds of the voting rights of the attending shareholders in favor.
6. Directors Engaging in Competitive Activities Related to Mainland China-based Businesses (if not applicable, state 'N/A'): N/A
7. Company Name and Position Held in Mainland China-based Business: N/A
8. Address of Mainland China-based Business: N/A
9. Business Scope of Mainland China-based Business: N/A
10. Impact on the Company's Financial and Operational Status: N/A
11. If Directors Have Invested in Mainland China-based Businesses, Investment Amount and Shareholding Ratio: N/A
12. Other Matters to be Disclosed: None
2. Names and Titles of Directors Permitted to Engage in Competitive Activities:
- Li, Jian-Hua / Representative of Corporate Director
- Zhang, Rong-Tai / Representative of Corporate Director
- Liu, Jiang-Bao / Independent Director
- Wu, Wei-En / Independent Director
3. Scope of Permitted Competitive Activities: Companies with business operations identical or similar to those of the Company
4. Duration of Permitted Competitive Activities: During the period of serving as a director of the Company
5. Voting Outcome (as required by Article 209 of the Company Act):
The resolution was passed with over half of the issued shares represented at the meeting, and more than two-thirds of the voting rights of the attending shareholders in favor.
6. Directors Engaging in Competitive Activities Related to Mainland China-based Businesses (if not applicable, state 'N/A'): N/A
7. Company Name and Position Held in Mainland China-based Business: N/A
8. Address of Mainland China-based Business: N/A
9. Business Scope of Mainland China-based Business: N/A
10. Impact on the Company's Financial and Operational Status: N/A
11. If Directors Have Invested in Mainland China-based Businesses, Investment Amount and Shareholding Ratio: N/A
12. Other Matters to be Disclosed: None
FAQ
What is the lifting of non-compete restrictions?
It allows certain directors to serve in similar businesses during their term, approved under Article 209 of the Company Act.
Who are the directors permitted?
Li Jian-Hua, Zhang Rong-Tai (corporate reps), Liu Jiang-Bao, and Wu Wei-En.
Why was this approved?
To leverage external expertise and enhance board diversity for better governance.
Impact on financials?
No material impact, as the activities are not related to Mainland China operations.
Future implications?
May set a precedent for other financial firms to adopt similar flexible governance models.