[Gemtek] Shareholders Approve Waiver of Non-Compete Restriction for Director at 115 Annual Meeting
Gemtek passed a resolution at its shareholder meeting on May 25, 115, to waive non-compete restrictions for Chairman Chen Hong-wen, with 87.79% of voting rights in favor.
📋 Article Processing Timeline
- 📰 Published: May 25, 2026 at 09:00
- 🔍 Collected: May 26, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 26, 2026 at 09:16 (1h 16m after Collected)
1. Date of shareholder meeting resolution: 115/05/25
2. Name and title of director permitted to engage in competitive behavior:
Chen Hong-wen / Chairman of Gemtek Technology Corp.
3. Scope of permitted competitive behavior: Companies with the same or similar business scope as the company.
4. Period of permitted competitive behavior: During the term of office as a director.
5. Voting results (pursuant to Article 209 of the Company Act):
Total voting rights of shareholders present: 237,687,616
In favor: 208,670,868 (87.79% of total present)
Against: 1,702,321
Invalid: 0
Abstentions/Not voted: 27,314,427
6. Name and title of director if competitive behavior involves business in mainland China: Not applicable
7. Name and position in the mainland Chinese business: Not applicable
8. Address of the mainland Chinese business: Not applicable
9. Business scope of the mainland Chinese business: Not applicable
10. Impact on the company's financial and business operations: None
11. Investment amount and shareholding ratio in the mainland Chinese business: None
12. Other matters: None
2. Name and title of director permitted to engage in competitive behavior:
Chen Hong-wen / Chairman of Gemtek Technology Corp.
3. Scope of permitted competitive behavior: Companies with the same or similar business scope as the company.
4. Period of permitted competitive behavior: During the term of office as a director.
5. Voting results (pursuant to Article 209 of the Company Act):
Total voting rights of shareholders present: 237,687,616
In favor: 208,670,868 (87.79% of total present)
Against: 1,702,321
Invalid: 0
Abstentions/Not voted: 27,314,427
6. Name and title of director if competitive behavior involves business in mainland China: Not applicable
7. Name and position in the mainland Chinese business: Not applicable
8. Address of the mainland Chinese business: Not applicable
9. Business scope of the mainland Chinese business: Not applicable
10. Impact on the company's financial and business operations: None
11. Investment amount and shareholding ratio in the mainland Chinese business: None
12. Other matters: None
FAQ
What is Gemtek's non-compete waiver?
It is a procedure approved at the shareholder meeting allowing the chairman to hold positions in other companies.
When was this resolution passed?
It was passed at the annual shareholder meeting on May 25, 115.
Does it impact the company?
The company stated there is no impact on its finances or business operations.