Why were directors allowed to engage in competing businesses?

Approved under Article 209 of the Company Act to enhance group management coherence and operational flexibility.

Which directors are involved in mainland China operations?

Li Yi-Li and Lai Yu-Ju serve as director and head at Mei Wu Fa Cosmetics (Shanghai) Co., Ltd.

What is the impact of this resolution?

The company states no financial or operational impact; it's a routine governance adjustment.

[White Corp] Announcement of Shareholder Resolution Approving Waiver of Non-Compete Restrictions for Directors and Their Representatives at the 115th Annual General Meeting

Published Jun 9, 2026 9:00 AM ・ Updated Jun 14, 2026 12:09 AM ・ 4 min read ・ Source: PR Times

On June 9, 115 (2026), White Corp's annual general meeting approved the waiver of non-compete restrictions for several directors and their representatives during their tenure, including involvement in mainland China operations, with no impact on the company's financial or business operations.

1. Date of Shareholder Meeting Resolution: 115/06/09

2. Names and Titles of Directors Permitted to Engage in Competitive Business: (1) Director: Mei Wu Hua Co., Ltd. (2) Director: Mei Wu Hua Co., Ltd., Legal Representative Li Yi-Li (3) Director: Li Yi-Ling (4) Director: Mei Wu Hua Co., Ltd., Legal Representative Li Cheng-Jia (5) Director: Mei Wu Hua Co., Ltd., Legal Representative Lai Yu-Ju (6) Director: Li Ling Investment Co., Ltd. (7) Director: Li Ling Investment Co., Ltd., Legal Representative Li Yu-Jia (8) Director: Li Ling Investment Co., Ltd., Legal Representative Wang Bo-Sen (9) Director: Hua Wei Co., Ltd. (10) Director: Hua Wei Co., Ltd., Legal Representative Wang Ming-Fu (11) Independent Director: Lai Shan-Gui (12) Independent Director: Zheng Jian-Xin

3. Approved Competitive Business Activities: Business operations identical or similar to the company's business scope.

4. Duration of Approved Competitive Activities: During the tenure as director of the company.

5. Resolution Outcome (Voting Results per Article 209 of the Company Act): Approved by voting shareholders present.

6. Directors Engaged in Competitive Business in Mainland China (Enter 'Not Applicable' if not applicable): (1) Director: Mei Wu Hua Co., Ltd., Legal Representative Li Yi-Li (2) Director: Mei Wu Hua Co., Ltd., Legal Representative Lai Yu-Ju

7. Company Name and Position Held in the Mainland China Entity: (1) Li Yi-Li: Director, Mei Wu Fa Cosmetics (Shanghai) Co., Ltd. (2) Lai Yu-Ju: Head, Mei Wu Fa Cosmetics (Shanghai) Co., Ltd.

8. Address of the Mainland China Entity: Mei Wu Fa Cosmetics (Shanghai) Co., Ltd.: Room 902, No. 777 Hongqiao Road, Xuhui District, Shanghai

9. Business Scope of the Mainland China Entity: Mei Wu Fa Cosmetics (Shanghai) Co., Ltd.: Wholesale of cosmetics and daily necessities

10. Impact on the Company's Financial and Business Operations: None

11. Investment Amount and Shareholding Ratio if Directors Invested in the Mainland China Entity: None

12. Other Matters to be Disclosed: None

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Source: PR Times
Category: News
Dates in source: 115/06/09

[White Corp] Announcement of Shareholder Resolution Approving Waiver of Non-Compete Restrictions for Directors and Their Representatives at the 115th Annual General Meeting

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