[TXC] Shareholders' Meeting Approved Lifting of Non-Compete Restrictions for Directors
TXC Corporation held its annual general meeting on May 27, 2026, and approved the lifting of non-compete restrictions for independent directors Yen Hsing-fu and Chen Ming-yi.
📋 Article Processing Timeline
- 📰 Published: May 27, 2026 at 09:00
- 🔍 Collected: May 28, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 31, 2026 at 19:08 (83h 8m after Collected)
1. Date of resolution: 2026/05/27. 2. Directors involved: Independent Director Yen Hsing-fu, Independent Director Chen Ming-yi. 3. Permitted activities: Yen Hsing-fu as Independent Director of Topco Scientific; Chen Ming-yi as Supervisor of YC Medical. 4. Duration: During the term of office. 5. Resolution result: Approved as proposed in accordance with Article 209 of the Company Act. 6. Mainland China business: Not applicable. 7. Financial impact: None. 8. Other: None.
FAQ
What is the non-compete rule in Taiwan?
Under Article 209 of the Company Act, directors must obtain shareholder approval to engage in business activities that compete with the company.