[HannStar] Shareholders approved the lifting of non-compete restrictions for directors
HannStar Board of Directors announced that at the shareholders' meeting on May 20, 2026, the lifting of non-compete restrictions for director Chiao Yu-Chi and corporate director representative Lo Hui-Ping was approved.
📋 Article Processing Timeline
- 📰 Published: May 20, 2026 at 09:00
- 🔍 Collected: May 21, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 21, 2026 at 10:11 (2h 11m after Collected)
1. Date of shareholders' meeting resolution: 115/05/20
2. Names and titles of directors permitted to engage in competitive activities:
Director: Chiao Yu-Chi
Corporate Director Representative: Lo Hui-Ping
3. Items of permitted competitive activities:
Director Chiao Yu-Chi: Corporate Director Representative of Wah Hong Industrial Corp.
Director Lo Hui-Ping: Corporate Director Representative of Ming Mao Industrial Co., Ltd.
4. Duration of permission: During the tenure as a director of the company.
5. Resolution status (voting results according to Article 209 of the Company Act): Approved by more than two-thirds of the voting rights of the shareholders present, with more than half of the total issued shares represented.
6. If the permitted competitive activities belong to business in mainland China, the name and title of the director (if not, please enter 'Not applicable'): Not applicable.
7. Name and position of the company in mainland China: Not applicable.
8. Address of the company in mainland China: Not applicable.
9. Business items of the company in mainland China: Not applicable.
10. Degree of impact on the company's financial and business operations: None.
11. If the director has invested in the mainland Chinese business, the investment amount and shareholding ratio: Not applicable.
12. Other matters to be noted: None.
2. Names and titles of directors permitted to engage in competitive activities:
Director: Chiao Yu-Chi
Corporate Director Representative: Lo Hui-Ping
3. Items of permitted competitive activities:
Director Chiao Yu-Chi: Corporate Director Representative of Wah Hong Industrial Corp.
Director Lo Hui-Ping: Corporate Director Representative of Ming Mao Industrial Co., Ltd.
4. Duration of permission: During the tenure as a director of the company.
5. Resolution status (voting results according to Article 209 of the Company Act): Approved by more than two-thirds of the voting rights of the shareholders present, with more than half of the total issued shares represented.
6. If the permitted competitive activities belong to business in mainland China, the name and title of the director (if not, please enter 'Not applicable'): Not applicable.
7. Name and position of the company in mainland China: Not applicable.
8. Address of the company in mainland China: Not applicable.
9. Business items of the company in mainland China: Not applicable.
10. Degree of impact on the company's financial and business operations: None.
11. If the director has invested in the mainland Chinese business, the investment amount and shareholding ratio: Not applicable.
12. Other matters to be noted: None.
FAQ
Why is the lifting of non-compete restrictions necessary?
According to Article 209 of the Company Act, directors must obtain shareholder approval before serving on the board of a competing company.
What does this approval allow?
It allows the named directors to legally hold concurrent positions in other firms, facilitating decision-making within the group.
Is this negative news?
No, it is a standard compliance procedure and a routine part of corporate governance.