[AUO Display Plus] Resolution on the Lifting of Non-Compete Restrictions for Directors at the 115th Shareholders' Meeting
AUO Display Plus (formerly AU Optronics) resolved at its shareholders' meeting on June 9, 2026, to lift non-compete restrictions for three directors: Lin Hui-Tzu, Huang Ke-Chih, and Lai Chin-Te. This allows directors to engage in business activities within the company's scope during their tenure. The resolution passed with a majority vote.
📋 Article Processing Timeline
- 📰 Published: June 9, 2026 at 09:00
- 🔍 Collected: June 10, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: June 12, 2026 at 17:53 (57h 53m after Collected)
1. Date of Shareholders' Meeting Resolution: 115/06/09
2. Names and Titles of Directors Permitted to Engage in Competitive Acts:
Lin Hui-Tzu, Director, Corporate Representative of AUO Display Plus Co., Ltd.
Huang Ke-Chih, Director
Lai Chin-Te, Independent Director
3. Scope of Permitted Competitive Acts: Directors engaging in acts for themselves or others that fall within the company's business scope.
4. Duration of Permitted Competitive Acts: During the period of their tenure as directors of this company.
5. Resolution Details (Please explain the voting results in accordance with Article 209 of the Company Act):
The proposal was approved as presented after voting by the attending shareholders.
The respective votes for approval, opposition, abstention, and invalid ballots were:
70,770,620 votes, 184,267 votes, 1,391,907 votes, and 0 votes.
6. Names and Titles of Directors if the Permitted Competitive Acts Involve Business Operations in Mainland China
(For businesses not involving Mainland China, please enter 'Not Applicable'): Not Applicable
7. Company Name and Position in the Mainland China Business Operated by the Director: Not Applicable
8. Address of the Mainland China Business Operated by the Director: Not Applicable
9. Business Items of the Mainland China Business Operated by the Director: Not Applicable
10. Impact on the Company's Financial and Business Operations: None
11. If Directors Have Investments in Mainland China Businesses, 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 Acts:
Lin Hui-Tzu, Director, Corporate Representative of AUO Display Plus Co., Ltd.
Huang Ke-Chih, Director
Lai Chin-Te, Independent Director
3. Scope of Permitted Competitive Acts: Directors engaging in acts for themselves or others that fall within the company's business scope.
4. Duration of Permitted Competitive Acts: During the period of their tenure as directors of this company.
5. Resolution Details (Please explain the voting results in accordance with Article 209 of the Company Act):
The proposal was approved as presented after voting by the attending shareholders.
The respective votes for approval, opposition, abstention, and invalid ballots were:
70,770,620 votes, 184,267 votes, 1,391,907 votes, and 0 votes.
6. Names and Titles of Directors if the Permitted Competitive Acts Involve Business Operations in Mainland China
(For businesses not involving Mainland China, please enter 'Not Applicable'): Not Applicable
7. Company Name and Position in the Mainland China Business Operated by the Director: Not Applicable
8. Address of the Mainland China Business Operated by the Director: Not Applicable
9. Business Items of the Mainland China Business Operated by the Director: Not Applicable
10. Impact on the Company's Financial and Business Operations: None
11. If Directors Have Investments in Mainland China Businesses, Investment Amount and Shareholding Ratio: Not Applicable
12. Other Matters to be Noted: None
FAQ
What does the lifting of non-compete restrictions by AUO Display Plus mean?
It means directors can operate more freely within the company's business scope, enhancing management flexibility.
How will this decision affect the company's future?
It may facilitate the utilization of directors' expertise and networks, potentially leading to new business opportunities and strengthened competitiveness.
Are there any risks associated with lifting non-compete restrictions?
Risks such as information leakage and conflicts of interest are possible, making proper management crucial.