[Faraday] Announcement of Shareholders' Meeting Resolution to Lift Non-Compete Restrictions for a Director
Faraday Technology announced that its shareholders' meeting on May 25, 2026, approved the lifting of non-compete restrictions for director Wang Kuo-Yung, who serves as GM of Artery Technology, in compliance with the Company Act.
📋 Article Processing Timeline
- 📰 Published: May 25, 2026 at 09:00
- 🔍 Collected: May 26, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 31, 2026 at 20:10 (132h 10m after Collected)
1. Date of Resolution: 2026/05/25
2. Name and Title: Wang Kuo-Yung, Director
3. Permitted Activities: GM of Artery Technology Corporation (including Chongqing subsidiary).
4. Duration: During tenure.
5. Resolution: Approved by more than two-thirds of the voting rights of shareholders present.
6. Mainland China Business: Yes.
7. Company Name and Title: Artery Technology (Chongqing) Co., Ltd., General Manager.
8. Address: 5th Floor, Building 1, No. 69 Torch Avenue, Jiulongpo District, Chongqing.
9. Business Scope: R&D, sales, and after-sales service of microcontrollers.
10. Financial Impact: None.
11. Investment Details: N/A.
12. Other: None.
2. Name and Title: Wang Kuo-Yung, Director
3. Permitted Activities: GM of Artery Technology Corporation (including Chongqing subsidiary).
4. Duration: During tenure.
5. Resolution: Approved by more than two-thirds of the voting rights of shareholders present.
6. Mainland China Business: Yes.
7. Company Name and Title: Artery Technology (Chongqing) Co., Ltd., General Manager.
8. Address: 5th Floor, Building 1, No. 69 Torch Avenue, Jiulongpo District, Chongqing.
9. Business Scope: R&D, sales, and after-sales service of microcontrollers.
10. Financial Impact: None.
11. Investment Details: N/A.
12. Other: None.
FAQ
Why was the non-compete restriction lifted for Mr. Wang?
To allow him to continue his role as GM at Artery Technology.