[Tien Ren] Announcement on the Resolution to Lift Non-Compete Restrictions for Director
Key facts
- [Tien Ren] Announcement on the Resolution to Lift Non-Compete Restrictions for Director
- Tien Ren Company's shareholders' meeting resolved to lift the non-compete restrictions for Director Hung Ming-yu, allowing him to concurrently serve as a director in another company with a similar business scope during his tenure. This resolution was passed by shareholder vote in accordance with Article 209 of the Company Act.
- Source: PR Times
- Date: June 9, 2026
Direct answer
Tien Ren Company's shareholders' meeting resolved to lift the non-compete restrictions for Director Hung Ming-yu, allowing him to concurrently serve as a director in another company with a similar business scope during his tenure. This resolution was passed by shareholder vote in accordance with Article 209 of the Company Act.
- Citation
- [Tien Ren] Announcement on the Resolution to Lift Non-Compete Restrictions for Director (June 9, 2026), PR Times
- Source
- PR Times
- Date
- June 9, 2026
Tien Ren Company's shareholders' meeting resolved to lift the non-compete restrictions for Director Hung Ming-yu, allowing him to concurrently serve as a director in another company with a similar business scope during his tenure. This resolution was passed by shareholder vote in accordance with Article 209 of the Company Act.
📋 Article Processing Timeline
- 📰 Published: June 9, 2026 at 09:00
- 🔍 Collected: June 10, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: June 12, 2026 at 17:53 (57h 53m after Collected)
2. Name and Position of Director Permitted to Engage in Competitive Acts: Director: Hung Ming-yu / General Manager of Chia Fu Tea Co., Ltd.
3. Scope of Permitted Competitive Acts: Concurrent service as a director in another company whose business scope is similar to that of this company.
4. Duration of Permitted Competitive Acts: During the term of office as a director of this company.
5. Resolution Details (Please explain the voting results in accordance with Article 209 of the Company Act): In accordance with the provisions of Article 209 of the Company Act, the resolution was passed as proposed, with the number of affirmative votes exceeding the statutory amount.
6. Name and Position of Director if the Permitted Competitive Act Involves a Business in Mainland China (If not a business in Mainland China, please enter 'Not Applicable'): Not Applicable
7. Company Name and Position 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 Financial and Business Operations of This Company: Not Applicable
11. If the Director Invests in the Mainland China Business, Investment Amount and Shareholding Ratio: Not Applicable
12. Other Matters to be Noted: None
FAQ
What is the lifting of Tien Ren's director non-compete restriction?
It permits directors to concurrently serve as directors in other companies with similar business scopes, enhancing management flexibility.
Who is affected by this resolution?
Primarily Director Hung Ming-yu, Tien Ren's shareholders, and related business stakeholders.
What is Article 209 of the Company Act regarding?
It concerns the duty of directors to avoid competition, allowing competitive acts with shareholder approval under certain conditions.
Will this decision impact the company's performance?
The announcement states 'Not Applicable,' indicating no significant direct impact on financial or business operations.
What kind of company is Tien Ren?
Tien Ren is a well-known tea brand in Taiwan, engaged in the production and sale of traditional tea products.