ETtoday: Shareholders Approve Waiver of Non-Compete Clauses for Newly Appointed Directors
ETtoday passed a resolution at its 2026 Annual General Meeting of Shareholders on May 20, waiving non-compete clauses for six newly appointed directors.
📋 Article Processing Timeline
- 📰 Published: May 20, 2026 at 09:00
- 🔍 Collected: May 21, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 21, 2026 at 09:19 (1h 19m after Collected)
1. Date of Resolution: May 20, 2026
2. Approved Directors: Liao Shang-wen, Kao Kuei-ting, Tsai Kao-ming, Chou Hui-ying, Chen Su-chang (Independent Director), Lin Tsang-hsiang (Independent Director).
3. Scope of Waiver: Engaging in activities similar to the company's business provided there is no damage to the company's interests.
4. Duration: During the director's tenure.
5. Voting Result: Out of 233,263,383 voting rights present, 221,494,066 votes were in favor (94.95%), meeting the two-thirds requirement.
6. Mainland China Operations: Five directors (Liao Shang-wen, Tsai Kao-ming, Chou Hui-ying, Chen Su-chang, Lin Tsang-hsiang) were authorized to serve concurrently in mainland Chinese business entities including ETtoday Communication Technology (HK), Xiangfu Trading (Shanghai), and ET Natural Beauty Health Technology (Shanghai).
7. Impact: No material impact on the company's financial or operational performance.
2. Approved Directors: Liao Shang-wen, Kao Kuei-ting, Tsai Kao-ming, Chou Hui-ying, Chen Su-chang (Independent Director), Lin Tsang-hsiang (Independent Director).
3. Scope of Waiver: Engaging in activities similar to the company's business provided there is no damage to the company's interests.
4. Duration: During the director's tenure.
5. Voting Result: Out of 233,263,383 voting rights present, 221,494,066 votes were in favor (94.95%), meeting the two-thirds requirement.
6. Mainland China Operations: Five directors (Liao Shang-wen, Tsai Kao-ming, Chou Hui-ying, Chen Su-chang, Lin Tsang-hsiang) were authorized to serve concurrently in mainland Chinese business entities including ETtoday Communication Technology (HK), Xiangfu Trading (Shanghai), and ET Natural Beauty Health Technology (Shanghai).
7. Impact: No material impact on the company's financial or operational performance.
FAQ
Why did ETtoday waive the non-compete clause for directors?
To allow directors to concurrently serve at group affiliates (including in mainland China) and facilitate swift decision-making without infringing on the company's interests.
Who are the directors covered by the waiver?
Directors Liao Shang-wen, Kao Kuei-ting, Tsai Kao-ming, Chou Hui-ying, Chen Su-chang, and Lin Tsang-hsiang.
What is the legal basis for this procedure?
Article 209 of the Company Act, which requires shareholder approval when a director engages in business that may compete with the company.