[Daito] Approval of Waiver of Non-compete Obligations for Directors at Annual General Shareholders' Meeting
Daito announced that the Annual General Shareholders' Meeting held on June 4, 2026, approved the waiver of non-compete obligations for three directors: Chen Hsiu-chung, Chen Chien-chou, and Lin Wen-chung. The waiver is effective from June 4, 2026, to June 3, 2029.
📋 Article Processing Timeline
- 📰 Published: June 4, 2026 at 09:00
- 🔍 Collected: June 5, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: June 7, 2026 at 05:47 (45h 46m after Collected)
1. Date of the shareholders' meeting resolution: June 4, 2026
2. Name and title of the directors permitted to engage in competitive activities:
Director: Chen Hsiu-chung (Representative of Yong Huang Investment Co., Ltd.)
Director: Chen Chien-chou
Independent Director: Lin Wen-chung
3. Nature of the competitive activities permitted:
When a director acts for themselves or on behalf of others within the scope of the company's business, they shall explain the significant details of their actions to the general shareholders' meeting and obtain permission.
4. Period of the permitted competitive activities: June 4, 2026 - June 3, 2029
5. Resolution status (Based on Article 209 of the Company Act):
Approved (Votes in favor: 44,132,391; Votes against: 1,187,766; Invalid: 0; Abstentions/Unvoted: 1,039,381; Total voting rights present: 46,359,538)
6. Name and title of directors if competitive activity pertains to business in Mainland China:
Not applicable
7. Company name and position held in the Mainland China business:
Not applicable
8. Address of the Mainland China business:
Not applicable
9. Business items of the Mainland China business:
Not applicable
10. Impact on the company's financial and business operations:
Not applicable
11. Investment amount and shareholding ratio if the director has invested in the Mainland China business:
Not applicable
12. Other matters to be specified: None
2. Name and title of the directors permitted to engage in competitive activities:
Director: Chen Hsiu-chung (Representative of Yong Huang Investment Co., Ltd.)
Director: Chen Chien-chou
Independent Director: Lin Wen-chung
3. Nature of the competitive activities permitted:
When a director acts for themselves or on behalf of others within the scope of the company's business, they shall explain the significant details of their actions to the general shareholders' meeting and obtain permission.
4. Period of the permitted competitive activities: June 4, 2026 - June 3, 2029
5. Resolution status (Based on Article 209 of the Company Act):
Approved (Votes in favor: 44,132,391; Votes against: 1,187,766; Invalid: 0; Abstentions/Unvoted: 1,039,381; Total voting rights present: 46,359,538)
6. Name and title of directors if competitive activity pertains to business in Mainland China:
Not applicable
7. Company name and position held in the Mainland China business:
Not applicable
8. Address of the Mainland China business:
Not applicable
9. Business items of the Mainland China business:
Not applicable
10. Impact on the company's financial and business operations:
Not applicable
11. Investment amount and shareholding ratio if the director has invested in the Mainland China business:
Not applicable
12. Other matters to be specified: None
FAQ
What is Daito's waiver of non-compete obligations?
It is a procedure where shareholders approve directors to engage in businesses competing with the company.
Which directors are covered?
Mr. Chen Hsiu-chung, Mr. Chen Chien-chou, and Mr. Lin Wen-chung.
How long does it last?
Until June 3, 2029.