[Continental] Announcement of the Removal of Non-Compete Restrictions for a Director of Subsidiary Blue Whale Water Technology
On May 21, 2026, the shareholders' meeting approved the removal of non-compete restrictions for Huang Hao-Chen, a director of Blue Whale Water Technology and representative of CTCI Corporation.
📋 Article Processing Timeline
- 📰 Published: May 21, 2026 at 09:00
- 🔍 Collected: May 22, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 22, 2026 at 09:27 (1h 27m after Collected)
1. Date of shareholders' meeting resolution: May 21, 2026
2. Name and title of the director permitted to engage in competitive behavior: CTCI Corporation Representative: Huang Hao-Chen / Director
3. Scope of permitted competitive behavior: Appointed to engage in companies with identical or similar business scope as the company
4. Duration of permitted competitive behavior: During the term of directorship at the company
5. Resolution status (based on Article 209 of the Company Act): After deducting interested parties, shareholders representing two-thirds or more of the issued shares were present, and the resolution was approved by a majority of the voting rights of the attending shareholders.
6. Whether the competitive behavior involves Mainland China business: Not applicable
7. Name and position of the company in Mainland China: Not applicable
8. Address of the company in Mainland China: Not applicable
9. Business scope of the company in Mainland China: Not applicable
10. Impact on the company's financial and business performance: None
11. Investment amount and shareholding ratio if the director has invested in the Mainland China business: Not applicable
12. Other items to be stated: None
2. Name and title of the director permitted to engage in competitive behavior: CTCI Corporation Representative: Huang Hao-Chen / Director
3. Scope of permitted competitive behavior: Appointed to engage in companies with identical or similar business scope as the company
4. Duration of permitted competitive behavior: During the term of directorship at the company
5. Resolution status (based on Article 209 of the Company Act): After deducting interested parties, shareholders representing two-thirds or more of the issued shares were present, and the resolution was approved by a majority of the voting rights of the attending shareholders.
6. Whether the competitive behavior involves Mainland China business: Not applicable
7. Name and position of the company in Mainland China: Not applicable
8. Address of the company in Mainland China: Not applicable
9. Business scope of the company in Mainland China: Not applicable
10. Impact on the company's financial and business performance: None
11. Investment amount and shareholding ratio if the director has invested in the Mainland China business: Not applicable
12. Other items to be stated: None
FAQ
What is the removal of non-compete restrictions?
It allows a director to hold positions or engage in similar business at another company, effectively waiving the non-compete obligation.
Why is this disclosure required?
Taiwan Company Law requires approval at a shareholders' meeting and public disclosure to ensure transparency for shareholders.
What is the impact on investment?
This is a governance procedure and does not have a direct impact on stock performance or financial results.