【Ennostar】Announcement of Shareholder Approval for Director Non-Compete Permission
Ennostar held its annual general meeting on May 26, 115, approving the waiver of non-compete restrictions for its directors. This includes Chairman Paul Peng and other board members who hold concurrent positions at AUO and its affiliates. The approval, granted under Article 209 of the Company Act, clarifies the legality of these dual roles and has no material impact on the company's financial or operational status.
📋 Article Processing Timeline
- 📰 Published: May 26, 2026 at 09:00
- 🔍 Collected: May 27, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 31, 2026 at 19:25 (107h 25m after Collected)
1. Resolution Date: 115/05/26. 2. Directors granted permission: Paul Peng (Director), AUO Corporation (Corporate Director), Lin Yu-Chieh (Representative of AUO), Tang Hsiu-Mu (Director), Shen Wei-Min (Independent Director), Wang Wei-Chen (Independent Director), Hsu En-Te (Independent Director), Tsou Chun-Hsin (Independent Director), Chen Shu-Chu (Independent Director). 3. Scope of permission: Concurrent roles at AUO and its subsidiaries. 4. Duration: During the term of office as a director of the company. 5. Resolution status: Approved at the 115/05/26 AGM per Article 209 of the Company Act. 6. Mainland China business involvement: Director Paul Peng. 7. Mainland China roles: Director at AUO Trading (Shanghai) and other entities. 8. Mainland China locations: Shanghai, Suzhou, Xiamen. 9. Mainland China business scope: After-sales service for LCDs, intelligent manufacturing consulting, and software development. 10. Financial impact: None. 11. Investment details: None. 12. Other: None.
FAQ
What is non-compete permission?
A legal requirement under the Company Act for directors to obtain shareholder approval when holding concurrent positions in competing firms.