Mosel Vitelic (2342) Announces Shareholder Approval to Lift Non-Compete Restrictions for New Directors
Taiwan-based semiconductor manufacturer Mosel Vitelic Inc. (stock code: 2342) announced that at its shareholders' meeting on May 20, 2026, it approved a resolution to lift the non-compete restrictions for its new directors and independent directors. The motion passed with 95.03% approval, allowing nine directors, including Mr. Wu Hsien-Chung and Mr. Yao Dang-Liang, to hold concurrent positions at other companies with the same or similar business scope during their tenure. This includes several semiconductor and automotive parts-related enterprises in mainland China. The company stated that this resolution has no impact on its financial or business operations.
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- 📰 Published: May 21, 2026 at 06:31
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Date of Publication: May 21, 2026
Date of Statement: May 20, 2026
Time of Statement: 17:01:42
Company Code: 2342
Company Name: Mosel Vitelic Inc.
Subject: Announcement of the company's shareholder meeting approval to release new directors and their representatives from non-competition restrictions.
Applicable Law: Article 21
Date of Occurrence: May 20, 2026
Explanation:
1. Date of shareholder meeting resolution: May 20, 2026
2. Names and titles of directors permitted to engage in competitive activities:
Directors:
(1) Representative of Actron Technology Corp.: Mr. Wu Hsien-Chung
(2) Representative of Actron Technology Corp.: Mr. Yao Dang-Liang
(3) Ms. Tang Yi-Hsien
(4) Representative of Actron Technology Corp.: Mr. Lu Chien-Chih
(5) Representative of Sino-American Silicon Products Inc.: Mr. Chen Jen-Chien
Independent Directors:
(1) Mr. Lin Ching-Hsiang
(2) Mr. Lan Chung-Wen
(3) Ms. Chang Shu-Ju
(4) Mr. Lu Jao-Hsiang
3. Scope of permitted competitive activities: Companies with the same or similar business scope as this company.
4. Period of permitted competitive activities: During the tenure as a director of this company.
5. Resolution details (voting results as per Article 209 of the Company Act):
Votes in favor: 91,658,468 shares (95.03%); Votes against: 150,421 shares; Abstentions/Did not vote: 4,636,368 shares. The resolution was passed as proposed.
6. Names and titles of directors engaged in business in Mainland China, if applicable:
Director Yao Dang-Liang, Director Wu Hsien-Chung, Independent Director Lu Jao-Hsiang
7. Names and positions held in the Mainland China enterprises:
(1) Smoore Auto Parts (Qingdao) Co., Ltd. - Corporate Director Representative: Wu Hsien-Chung
(2) Kunshan Chung-Chen Crystal Co., Ltd. - Chairman: Yao Dang-Liang
(3) Yuan-Hong (Shandong) Optoelectronic Materials Co., Ltd. - Director: Yao Dang-Liang
(4) Powertech Technology (Suzhou) Co., Ltd. - Director: Lu Jao-Hsiang
(5) Powertech Semiconductor (Xi'an) Co., Ltd. - Chairman: Lu Jao-Hsiang
8. Addresses of the Mainland China enterprises:
(1) Smoore Auto Parts (Qingdao) Co., Ltd.: South of Line 27, Sino-German Ecopark, Tuanjie Road, Hongshiya Sub-district, Huangdao District, Qingdao City
(2) Kunshan Chung-Chen Crystal Co., Ltd.: No. 303, Hanpu Road, Chengbei High-Tech Industrial Park, Kunshan City, Jiangsu Province
(3) Yuan-Hong (Shandong) Optoelectronic Materials Co., Ltd.: No. 6699, Chongwen Avenue, High-tech Zone, Jining City, Shandong Province
(4) Powertech Technology (Suzhou) Co., Ltd.: No. 33, Xinghai Street, Suzhou Industrial Park, Suzhou City, Jiangsu Province
(5) Powertech Semiconductor (Xi'an) Co., Ltd.: Room 319, General Office Building, Zone B, Xi'an Guanzhong Comprehensive Bonded Zone, No. 28, Xinxi Avenue, High-tech Zone, Xi'an City, Shaanxi Province
9. Business items of the Mainland China enterprises:
(1) Smoore Auto Parts (Qingdao) Co., Ltd.: ABS brake system parts
(2) Kunshan Chung-Chen Crystal Co., Ltd.: Processing trade of silicon ingots, silicon wafers, etc.
(3) Yuan-Hong (Shandong) Optoelectronic Materials Co., Ltd.: Optoelectronic substrate materials, other lamps, and lighting accessories (LED lamps)
(4) Powertech Technology (Suzhou) Co., Ltd.: Integrated circuit manufacturing and design
(5) Powertech Semiconductor (Xi'an) Co., Ltd.: Design, manufacturing, assembly, and testing of integrated circuits and electronic devices
10. Degree of impact on the company's finances and business: None
11. Investment amount and shareholding ratio if directors have invested in said Mainland China enterprises: None
12. Other matters to be specified: None
Date of Statement: May 20, 2026
Time of Statement: 17:01:42
Company Code: 2342
Company Name: Mosel Vitelic Inc.
Subject: Announcement of the company's shareholder meeting approval to release new directors and their representatives from non-competition restrictions.
Applicable Law: Article 21
Date of Occurrence: May 20, 2026
Explanation:
1. Date of shareholder meeting resolution: May 20, 2026
2. Names and titles of directors permitted to engage in competitive activities:
Directors:
(1) Representative of Actron Technology Corp.: Mr. Wu Hsien-Chung
(2) Representative of Actron Technology Corp.: Mr. Yao Dang-Liang
(3) Ms. Tang Yi-Hsien
(4) Representative of Actron Technology Corp.: Mr. Lu Chien-Chih
(5) Representative of Sino-American Silicon Products Inc.: Mr. Chen Jen-Chien
Independent Directors:
(1) Mr. Lin Ching-Hsiang
(2) Mr. Lan Chung-Wen
(3) Ms. Chang Shu-Ju
(4) Mr. Lu Jao-Hsiang
3. Scope of permitted competitive activities: Companies with the same or similar business scope as this company.
4. Period of permitted competitive activities: During the tenure as a director of this company.
5. Resolution details (voting results as per Article 209 of the Company Act):
Votes in favor: 91,658,468 shares (95.03%); Votes against: 150,421 shares; Abstentions/Did not vote: 4,636,368 shares. The resolution was passed as proposed.
6. Names and titles of directors engaged in business in Mainland China, if applicable:
Director Yao Dang-Liang, Director Wu Hsien-Chung, Independent Director Lu Jao-Hsiang
7. Names and positions held in the Mainland China enterprises:
(1) Smoore Auto Parts (Qingdao) Co., Ltd. - Corporate Director Representative: Wu Hsien-Chung
(2) Kunshan Chung-Chen Crystal Co., Ltd. - Chairman: Yao Dang-Liang
(3) Yuan-Hong (Shandong) Optoelectronic Materials Co., Ltd. - Director: Yao Dang-Liang
(4) Powertech Technology (Suzhou) Co., Ltd. - Director: Lu Jao-Hsiang
(5) Powertech Semiconductor (Xi'an) Co., Ltd. - Chairman: Lu Jao-Hsiang
8. Addresses of the Mainland China enterprises:
(1) Smoore Auto Parts (Qingdao) Co., Ltd.: South of Line 27, Sino-German Ecopark, Tuanjie Road, Hongshiya Sub-district, Huangdao District, Qingdao City
(2) Kunshan Chung-Chen Crystal Co., Ltd.: No. 303, Hanpu Road, Chengbei High-Tech Industrial Park, Kunshan City, Jiangsu Province
(3) Yuan-Hong (Shandong) Optoelectronic Materials Co., Ltd.: No. 6699, Chongwen Avenue, High-tech Zone, Jining City, Shandong Province
(4) Powertech Technology (Suzhou) Co., Ltd.: No. 33, Xinghai Street, Suzhou Industrial Park, Suzhou City, Jiangsu Province
(5) Powertech Semiconductor (Xi'an) Co., Ltd.: Room 319, General Office Building, Zone B, Xi'an Guanzhong Comprehensive Bonded Zone, No. 28, Xinxi Avenue, High-tech Zone, Xi'an City, Shaanxi Province
9. Business items of the Mainland China enterprises:
(1) Smoore Auto Parts (Qingdao) Co., Ltd.: ABS brake system parts
(2) Kunshan Chung-Chen Crystal Co., Ltd.: Processing trade of silicon ingots, silicon wafers, etc.
(3) Yuan-Hong (Shandong) Optoelectronic Materials Co., Ltd.: Optoelectronic substrate materials, other lamps, and lighting accessories (LED lamps)
(4) Powertech Technology (Suzhou) Co., Ltd.: Integrated circuit manufacturing and design
(5) Powertech Semiconductor (Xi'an) Co., Ltd.: Design, manufacturing, assembly, and testing of integrated circuits and electronic devices
10. Degree of impact on the company's finances and business: None
11. Investment amount and shareholding ratio if directors have invested in said Mainland China enterprises: None
12. Other matters to be specified: None