What is the legal basis for lifting the non-compete restriction?

Based on Article 209 of the Company Act, approved by over half of voting rights with more than two-thirds of shares present.

How does this decision affect shareholders?

No impact on financials or operations is expected, so no direct change in shareholder value.

Why allow public officials to engage in competing roles?

To ensure policy consistency and inter-institutional coordination, a practical governance flexibility.

Chang Hwa Bank Announces Resolution to Lift Non-Compete Restrictions for Directors at 115th Annual Shareholders' Meeting

Published Jun 18, 2026 9:00 AM ・ Updated Jun 20, 2026 12:30 AM ・ 3 min read ・ Source: PR Times

Chang Hwa Bank announced that its 115th annual shareholders' meeting resolved to permit certain directors, including representatives from the Ministry of Finance and Chunghwa Post, to engage in competitive business activities during their term of office. The resolution was passed in accordance with Article 209 of the Company Act and will have no impact on the bank's financial or operational performance.

1. Shareholders' meeting resolution date: June 18, 115 2. Names and titles of directors permitted to engage in competitive activities: (1) Ministry of Finance (2) Chunghwa Post Co., Ltd. (3) National Development Fund Management Committee, Executive Yuan (4) Hu Guang-Hua (representative of the Ministry of Finance) (5) Jian Zhi-Guang (representative of the Ministry of Finance) (6) Zhang Jian-Yi (representative of the National Development Fund Management Committee, Executive Yuan) 3. Permitted competitive activities: Positions in companies with business scopes identical or similar to that of the Company 4. Duration of permitted competitive activities: During the term of office as director of the Company 5. Resolution outcome (voting results under Article 209 of the Company Act): Approved by a majority of voting rights present, with shareholders representing more than two-thirds of the total issued shares in attendance 6. Directors engaging in competitive activities related to enterprises in Mainland China (enter 'Not Applicable' if not applicable): Not Applicable 7. Company name and position held in such Mainland China enterprise: Not Applicable 8. Address of such Mainland China enterprise: Not Applicable 9. Business items of such Mainland China enterprise: Not Applicable 10. Impact on the Company's financial and business operations: None 11. If directors have invested in such Mainland China enterprise, the investment amount and shareholding ratio: Not Applicable 12. Other matters to be disclosed: None

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Source: PR Times
Category: News

Chang Hwa Bank Announces Resolution to Lift Non-Compete Restrictions for Directors at 115th Annual Shareholders' Meeting

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