[Arcadyan] Announcement of the Resolution of the 2026 Annual General Meeting Regarding the Waiver of Non-Compete Restrictions for New Directors
Arcadyan announced that at the 2026 Annual General Meeting held on May 27, shareholders approved the waiver of non-compete restrictions for nine new directors, including Chen Jui-tsung, in accordance with Article 209 of the Company Act. This allows directors to hold concurrent positions in Compal Group's mainland China subsidiaries, provided it does not harm the company's interests. The company stated there is no material impact on its financial or business operations.
📋 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 18:58 (82h 58m after Collected)
1. Date of Shareholders' Meeting: 2026/05/27
2. Names and titles of directors permitted to engage in competitive activities: Chen Jui-tsung (Representative of Compal Electronics), Peng Sheng-hua (Representative of Compal Electronics), Wang Cheng-chiang (Representative of Compal Electronics), Liu Tsung-pao (Representative of Compal Electronics), Tseng Chao-peng, Sun Cheng-hua, and Independent Directors Hsuan Ming-chih, Hsieh Yung-ta, and Yang Wen-an.
3. Items of competitive activities: Companies with the same or similar business scope as the company.
4. Duration of permission: During the tenure as a director of the company.
5. Resolution status: Approved by the 2026 Annual General Meeting on May 27, 2026, in accordance with Article 209 of the Company Act, provided that the company's interests are not compromised.
6. Directors involved in mainland China business: Chen Jui-tsung, Peng Sheng-hua, Wang Cheng-chiang, Liu Tsung-pao, Tseng Chao-peng.
7. Positions held in mainland China: (List of 24 entities including Compal Optoelectronics (Kunshan) Co., Ltd., where directors serve as Chairman or General Manager).
8. Addresses of mainland China entities: (Detailed addresses provided).
9. Business scope of mainland China entities: (Manufacturing and sales of laptops, communication equipment, etc.).
10. Impact on company's financial and business operations: None.
11. Investment amount and shareholding ratio in mainland China: None.
12. Other matters: None.
2. Names and titles of directors permitted to engage in competitive activities: Chen Jui-tsung (Representative of Compal Electronics), Peng Sheng-hua (Representative of Compal Electronics), Wang Cheng-chiang (Representative of Compal Electronics), Liu Tsung-pao (Representative of Compal Electronics), Tseng Chao-peng, Sun Cheng-hua, and Independent Directors Hsuan Ming-chih, Hsieh Yung-ta, and Yang Wen-an.
3. Items of competitive activities: Companies with the same or similar business scope as the company.
4. Duration of permission: During the tenure as a director of the company.
5. Resolution status: Approved by the 2026 Annual General Meeting on May 27, 2026, in accordance with Article 209 of the Company Act, provided that the company's interests are not compromised.
6. Directors involved in mainland China business: Chen Jui-tsung, Peng Sheng-hua, Wang Cheng-chiang, Liu Tsung-pao, Tseng Chao-peng.
7. Positions held in mainland China: (List of 24 entities including Compal Optoelectronics (Kunshan) Co., Ltd., where directors serve as Chairman or General Manager).
8. Addresses of mainland China entities: (Detailed addresses provided).
9. Business scope of mainland China entities: (Manufacturing and sales of laptops, communication equipment, etc.).
10. Impact on company's financial and business operations: None.
11. Investment amount and shareholding ratio in mainland China: None.
12. Other matters: None.
FAQ
What is Article 209 of the Taiwan Company Act?
It requires directors to obtain shareholder approval before engaging in any business activities that compete with the company's scope of operations.