Eastern Multimedia (2614) Shareholders Approve Waiver of Non-Compete Clauses for Directors
At the annual shareholders' meeting on May 20, 115, Eastern Multimedia approved the waiver of non-compete clauses for six newly elected directors. This allows them to hold concurrent positions in similar businesses, provided Eastern Multimedia's interests are not compromised.
📋 Article Processing Timeline
- 📰 Published: May 21, 2026 at 06:31
- 🔍 Collected: May 21, 2026 at 06:31 (0 min after Published)
- 🤖 AI Analyzed: May 21, 2026 at 07:46 (1h 14m after Collected)
Announcement Date: 115/05/20
Company Code: 2614
Subject: Board Resolution on Waiver of Non-Compete Restrictions for New Directors
1. Resolution Date: 115/05/20
2. Directors Permitted to Engage in Competitive Activities: Liao Shang-wen, Kao Kuei-ting, Tsai Kao-ming, Chou Hui-ying, Independent Directors Chen Su-chang and Lin Tsang-hsiang.
3. Scope of Competitive Activities: Activities identical or similar to the Company’s operations, provided they do not harm the Company's interests.
4. Duration: During the tenure as a director.
5. Resolution Status: Passed with a 94.95% approval rate.
6. Mainland Business Concurrent Directors: Liao Shang-wen, Tsai Kao-ming, Chou Hui-ying, Chen Su-chang, Lin Tsang-hsiang.
7. Business Scope Includes: Investment holding, trade (cosmetics/jewelry), and technical development through entities like Eastern Communication Technology (HK) and Natural Beauty.
Company Code: 2614
Subject: Board Resolution on Waiver of Non-Compete Restrictions for New Directors
1. Resolution Date: 115/05/20
2. Directors Permitted to Engage in Competitive Activities: Liao Shang-wen, Kao Kuei-ting, Tsai Kao-ming, Chou Hui-ying, Independent Directors Chen Su-chang and Lin Tsang-hsiang.
3. Scope of Competitive Activities: Activities identical or similar to the Company’s operations, provided they do not harm the Company's interests.
4. Duration: During the tenure as a director.
5. Resolution Status: Passed with a 94.95% approval rate.
6. Mainland Business Concurrent Directors: Liao Shang-wen, Tsai Kao-ming, Chou Hui-ying, Chen Su-chang, Lin Tsang-hsiang.
7. Business Scope Includes: Investment holding, trade (cosmetics/jewelry), and technical development through entities like Eastern Communication Technology (HK) and Natural Beauty.
FAQ
Why did Eastern Multimedia waive the non-compete clause for its directors?
To legitimize their concurrent roles in group subsidiaries and investment entities, facilitating faster management decision-making.
Which directors are affected?
Directors Liao Shang-wen, Kao Kuei-ting, Tsai Kao-ming, Chou Hui-ying, and independent directors Chen Su-chang and Lin Tsang-hsiang.
Is the non-compete waiver unconditional?
No, it is permitted only as long as it does not negatively impact the interests of Eastern Multimedia.