[Uni-President] Notice of Shareholder Resolution Regarding Waiver of Non-Compete Restriction for Directors
Uni-President resolved at the annual general meeting on May 22, 2026, to waive the non-compete restriction for directors. Details of concurrent positions held by directors in mainland China, including Lo Chih-hsien, have been disclosed.
📋 Article Processing Timeline
- 📰 Published: May 22, 2026 at 09:00
- 🔍 Collected: May 23, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 23, 2026 at 08:28 (28 min after Collected)
1. Date of resolution: May 22, 2026
2. Directors permitted to engage in competitive activities:
Lo Chih-hsien (Rep. of Uni-President Enterprises Corp.)
Wu Liang-feng (Rep. of Uni-President Enterprises Corp.)
Li Ching-tien (Rep. of Uni-President Enterprises Corp.)
Chen Chao-liang (Rep. of Uni-President Enterprises Corp.)
Chang Li-hsun (Rep. of Uni-President Enterprises Corp.)
Chen Yi-tu (Rep. of Tai Hwa Oil Industrial Co., Ltd.)
Chen Yi-tsung (Rep. of Tai Hwa Oil Industrial Co., Ltd.)
Han Chia-yu (Rep. of Great Wall Enterprise Co., Ltd.)
3. Permitted competitive activities: Business items identical to those of the company.
4. Period of permission: During the tenure as a director of the company.
5. Resolution status: Approved as proposed, in accordance with Article 209 of the Company Act.
6. Disclosure for businesses in mainland China: Applicable to directors Lo Chih-hsien, Wu Liang-feng, and Li Ching-tien.
7. Concurrent positions in mainland China: Directors Lo Chih-hsien, Wu Liang-feng, and Li Ching-tien hold various directorships and chairmanships in multiple food and trading companies across mainland China.
8. Business locations in mainland China: Addresses in various cities (Zhangjiagang, Shanghai, Guangzhou, etc.) have been disclosed.
2. Directors permitted to engage in competitive activities:
Lo Chih-hsien (Rep. of Uni-President Enterprises Corp.)
Wu Liang-feng (Rep. of Uni-President Enterprises Corp.)
Li Ching-tien (Rep. of Uni-President Enterprises Corp.)
Chen Chao-liang (Rep. of Uni-President Enterprises Corp.)
Chang Li-hsun (Rep. of Uni-President Enterprises Corp.)
Chen Yi-tu (Rep. of Tai Hwa Oil Industrial Co., Ltd.)
Chen Yi-tsung (Rep. of Tai Hwa Oil Industrial Co., Ltd.)
Han Chia-yu (Rep. of Great Wall Enterprise Co., Ltd.)
3. Permitted competitive activities: Business items identical to those of the company.
4. Period of permission: During the tenure as a director of the company.
5. Resolution status: Approved as proposed, in accordance with Article 209 of the Company Act.
6. Disclosure for businesses in mainland China: Applicable to directors Lo Chih-hsien, Wu Liang-feng, and Li Ching-tien.
7. Concurrent positions in mainland China: Directors Lo Chih-hsien, Wu Liang-feng, and Li Ching-tien hold various directorships and chairmanships in multiple food and trading companies across mainland China.
8. Business locations in mainland China: Addresses in various cities (Zhangjiagang, Shanghai, Guangzhou, etc.) have been disclosed.
FAQ
Why did Uni-President waive the non-compete clause for its directors?
It is a standard formal approval process under company law to allow directors to hold concurrent positions in other group entities during their tenure.
How does this announcement affect shareholders?
It clarifies the scope of duties for directors and improves transparency regarding executive assignments within the group.
Can I see the concurrent positions held in mainland China?
Yes, the announcement specifies the companies and positions held by three directors, including Lo Chih-hsien, in mainland China.