Microprogram (7721) Approves Non-Compete Waiver for Board Representative at Shareholders' Meeting
At its annual general shareholders' meeting on May 20, 2026, Microprogram (7721) approved a waiver of non-compete restrictions for its corporate board representative, Pan Chiao-li. This allows her to hold concurrent executive and board roles within the Giant Group.
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- 📰 Published: May 21, 2026 at 06:31
- 🔍 Collected: May 21, 2026 at 06:31 (0 min after Published)
- 🤖 AI Analyzed: May 21, 2026 at 10:41 (4h 9m after Collected)
## Announcement Details
Microprogram (7721) passed a resolution regarding the waiver of non-compete restrictions at the annual general shareholders' meeting held on May 20, 2026.
1. **Resolution Date**: May 20, 2026
2. **Individual Permitted to Engage in Competitive Activities**: Pan Chiao-li, representative of the corporate director.
3. **Permitted Competitive Activities**: Financial and Accounting Supervisor of Giant Manufacturing Co., Ltd., and Director positions at various Giant group entities globally, including Giant Europe B.V., Giant Bicycle Inc., and multiple regional subsidiaries in Canada, Australia, Europe, and Asia.
4. **Duration of Waiver**: For the duration of her term as a director of Microprogram.
5. **Resolution Result**: Approved as proposed following a vote.
This resolution does not pertain to business operations in Mainland China.
Microprogram (7721) passed a resolution regarding the waiver of non-compete restrictions at the annual general shareholders' meeting held on May 20, 2026.
1. **Resolution Date**: May 20, 2026
2. **Individual Permitted to Engage in Competitive Activities**: Pan Chiao-li, representative of the corporate director.
3. **Permitted Competitive Activities**: Financial and Accounting Supervisor of Giant Manufacturing Co., Ltd., and Director positions at various Giant group entities globally, including Giant Europe B.V., Giant Bicycle Inc., and multiple regional subsidiaries in Canada, Australia, Europe, and Asia.
4. **Duration of Waiver**: For the duration of her term as a director of Microprogram.
5. **Resolution Result**: Approved as proposed following a vote.
This resolution does not pertain to business operations in Mainland China.
FAQ
Why was the non-compete waiver necessary?
It allows the board representative to legally hold concurrent finance and management roles within the Giant Group.
Who is the subject of this waiver?
Ms. Pan Chiao-li, the corporate board representative.
At which meeting was this decided?
It was approved at the annual general shareholders' meeting held on May 20, 2026.