[ATEN] Announcement of Shareholder Meeting Resolution to Waive Non-Compete Restrictions for New Directors
ATEN has approved the waiver of non-compete restrictions for its board members at the annual shareholder meeting held on May 25, 115.
📋 Article Processing Timeline
- 📰 Published: May 25, 2026 at 09:00
- 🔍 Collected: May 26, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 26, 2026 at 19:10 (11h 10m after Collected)
1. Date of shareholder meeting resolution: 115/05/25
2. Names and titles of directors authorized to engage in competitive activities:
Chen Shang-Chung: Chairman
Chen Shang-Jen: Director
Lin Yung-Ta: Director
Chu Wei-Ren: Independent Director
Chen Chung-Jen: Independent Director
Chang Ching-Jen: Independent Director
Hsieh Ming-Hui: Independent Director
Sun Wei-Chen: Independent Director
3. Description of authorized competitive activities: Investment or operation of companies with the same or similar business scope as the Company
4. Period of authorization: During their term as directors of the Company
5. Resolution details: In accordance with Article 209 of the Company Act, the resolution was passed at the annual shareholder meeting on May 25, 115, waiving the non-compete restrictions for directors, provided it does not harm the Company's interests.
6. Competitive activities in mainland China: Not applicable
7. Name and title in the mainland China business: Not applicable
8. Address of the mainland China business: Not applicable
9. Business scope of the mainland China business: Not applicable
10. Impact on the Company's financial or operational results: Not applicable
11. Investment amount and shareholding ratio in the mainland China business: Not applicable
12. Other matters: None
2. Names and titles of directors authorized to engage in competitive activities:
Chen Shang-Chung: Chairman
Chen Shang-Jen: Director
Lin Yung-Ta: Director
Chu Wei-Ren: Independent Director
Chen Chung-Jen: Independent Director
Chang Ching-Jen: Independent Director
Hsieh Ming-Hui: Independent Director
Sun Wei-Chen: Independent Director
3. Description of authorized competitive activities: Investment or operation of companies with the same or similar business scope as the Company
4. Period of authorization: During their term as directors of the Company
5. Resolution details: In accordance with Article 209 of the Company Act, the resolution was passed at the annual shareholder meeting on May 25, 115, waiving the non-compete restrictions for directors, provided it does not harm the Company's interests.
6. Competitive activities in mainland China: Not applicable
7. Name and title in the mainland China business: Not applicable
8. Address of the mainland China business: Not applicable
9. Business scope of the mainland China business: Not applicable
10. Impact on the Company's financial or operational results: Not applicable
11. Investment amount and shareholding ratio in the mainland China business: Not applicable
12. Other matters: None
FAQ
Why is the waiver of director non-compete necessary?
It allows directors to leverage their expertise across multiple companies, enhancing operational flexibility.
Does this impact investors?
No direct impact, but it demonstrates compliance with corporate governance through transparent processes.
Are business activities in mainland China still restricted?
Yes, activities in mainland China are marked as 'not applicable' for this waiver.