[KMC] 115 Annual General Meeting Approves Waiver of Non-Compete Restrictions for New Directors
KMC International announced that the 115 Annual General Meeting held on May 29, 115, approved the waiver of non-compete restrictions for its directors. This allows directors to engage in similar businesses, including roles in mainland China, provided it does not harm the company's interests.
📋 Article Processing Timeline
- 📰 Published: May 29, 2026 at 09:00
- 🔍 Collected: May 30, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 31, 2026 at 18:13 (34h 13m after Collected)
1. Date of Resolution: 115/05/29
2. Directors Permitted: Wu Ying-jin, Wu Rui-zhang, Kao Ting-nan, Hsu Yang-kang, and Independent Directors Tsai Hsueh-ling, Peng Yu-min, Chang Chia-ming.
3. Permitted Scope: Companies with similar or identical business activities.
4. Duration: During their tenure as directors.
5. Resolution Status: Approved under Article 209 of the Company Act.
6. Mainland China Operations: Detailed list of roles held by Wu Ying-jin, Wu Rui-zhang, and Hsu Yang-kang in mainland China subsidiaries.
7. Financial Impact: No material impact.
2. Directors Permitted: Wu Ying-jin, Wu Rui-zhang, Kao Ting-nan, Hsu Yang-kang, and Independent Directors Tsai Hsueh-ling, Peng Yu-min, Chang Chia-ming.
3. Permitted Scope: Companies with similar or identical business activities.
4. Duration: During their tenure as directors.
5. Resolution Status: Approved under Article 209 of the Company Act.
6. Mainland China Operations: Detailed list of roles held by Wu Ying-jin, Wu Rui-zhang, and Hsu Yang-kang in mainland China subsidiaries.
7. Financial Impact: No material impact.
FAQ
Why is the non-compete waiver necessary?
To legalize concurrent roles within group companies.