What kind of company is WPG Holdings?

Asia's largest semiconductor distributor, providing electronic components and technical support globally.

What does lifting non-compete mean?

It allows expert directors to serve in other firms, enhancing knowledge sharing and governance diversity.

How does this affect investors?

Demonstrates governance flexibility, potentially boosting long-term corporate value.

WPG Holdings Announces Shareholders' Approval to Lift Non-Competition Restrictions for Directors

Published Jun 30, 2026 9:00 AM ・ Updated Jul 2, 2026 1:48 PM ・ 5 min read ・ Source: PR Times

On June 30, 2026, WPG Holdings' annual shareholders' meeting approved the lifting of non-competition restrictions for six directors, allowing them to serve in competing roles at other companies from June 30, 2026, to June 29, 2029.

1. Shareholders' Meeting Resolution Date: 06/30/2026

2. Names and Titles of Directors Permitted to Engage in Competitive Activities: (1) Tong Chih-Hsiang - Director, WPG Holdings Co., Ltd. (2) Huang Wei-Hsiang - Director, WPG Holdings Co., Ltd. (3) Tseng Kuo-Tung - Director, WPG Holdings Co., Ltd. (4) Yeh Fu-Hai - Director, WPG Holdings Co., Ltd. (5) Yu Chu-Min - Independent Director, WPG Holdings Co., Ltd. (6) Chen Yung-Ching - Independent Director, WPG Holdings Co., Ltd.

3. Specific Competitive Positions Approved: (1) Tong Chih-Hsiang - Independent Director, Angi Information Co., Ltd.; Director, Zhan Teng Co., Ltd.; Independent Director, eBest Information Co., Ltd. (2) Huang Wei-Hsiang - Director (Legal Representative), Hsin Lian Ta Investment Holding Co., Ltd.; Director (Legal Representative), Tai-Ya International Holding Co., Ltd.; Director, Phoenix Innovation Venture Capital Co., Ltd.; Director, Phoenix 2 Innovation Venture Capital Co., Ltd.; Director, Phoenix 6 Innovation Venture Capital Co., Ltd.; Director, Tai-Chi Turnaround Management Consulting Co., Ltd. (3) Tseng Kuo-Tung - Director, Jun Yeh Investment Co., Ltd. (4) Yeh Fu-Hai - Director, Hai Yu Co., Ltd.; Independent Director, BenQ Materials Corp.; Independent Director, Senao International Co., Ltd.; Independent Director, eBest Information Co., Ltd.; Director (Legal Representative), PackOn Sustainable Integration Co., Ltd.; Director (Legal Representative), TechPower Inc. (5) Yu Chu-Min - Independent Director, iST Technology Inc.; Independent Director, Axiomtek Co., Ltd.; Independent Director, Song Chuan Precision Co., Ltd. (6) Chen Yung-Ching - Director, Hui Chiao Co., Ltd.

4. Duration of Approved Competitive Activities: 06/30/2026 to 06/29/2029

5. Voting Outcome (Pursuant to Article 209 of the Company Act): The proposal was approved by individual voting.

6. Directors Engaging in Competitive Activities with Mainland China-Based Businesses (Enter 'Not Applicable' if none): Not Applicable

7. Name and Position Held in Mainland China-Based Business: Not Applicable

8. Address of Mainland China-Based Business: Not Applicable

9. Business Scope of Mainland China-Based Business: Not Applicable

10. Impact on Company's Financial and Operational Performance: Not Applicable

11. Investment Amount and Shareholding Ratio by Directors in Mainland China-Based Businesses: Not Applicable

12. Other Matters to be Disclosed: None

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Source: PR Times
Category: News

WPG Holdings Announces Shareholders' Approval to Lift Non-Competition Restrictions for Directors

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