[MaoBao] Resolution Passed to Lift Non-Compete Restrictions for Directors
MaoBao Company's shareholders' meeting on June 11, 115 (ROC calendar) passed a resolution to lift the non-compete restrictions for its directors. This allows directors to invest in or operate other companies that are the same as or similar to the company's business scope. The resolution has no significant impact on the company's financial and business operations.
📋 Article Processing Timeline
- 📰 Published: June 11, 2026 at 09:00
- 🔍 Collected: June 12, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: June 12, 2026 at 17:53 (9h 53m after Collected)
1. Date of Shareholders' Meeting Resolution: 115/06/11
2. Names and Titles of Directors Permitted to Engage in Competitive Acts:
Directors:
Representative of Lingyu Investment Co., Ltd.: Wu Rui-Hua,
Representative of Lingyu Investment Co., Ltd.: He Yi-Ru,
Representative of Fanyang Investment Co., Ltd.: Wu Xian-Tai,
Representative of Fanyang Investment Co., Ltd.: Wu Qiao-Zhen,
Wu Zhao-Wen,
Independent Directors:
Su Liang, Huang Jian-Cheng, Chen Wei-Zhi, Lin Jun-Zhang.
3. Scope of Competitive Acts Permitted: Investing in or operating other companies that are the same as or similar to the company's business scope.
4. Duration of Permitted Competitive Acts: During the term of their directorship.
5. Resolution Details (Please explain the voting results in accordance with Article 209 of the Company Act): Passed unanimously by all attending shareholders without objection.
6. Names and Titles of Directors Whose Permitted Competitive Acts Involve Business in Mainland China (For those not involved in business in Mainland China, please enter 'Not Applicable'): Not Applicable
7. Company Name and Position in the Mainland China Business: Not Applicable
8. Address of the Mainland China Business: Not Applicable
9. Business Items of the Mainland China Business: Not Applicable
10. Impact on the Company's Financial and Business Operations: None.
11. If Directors Invest in Mainland China Businesses, Investment Amount and Shareholding Ratio: None.
12. Other Matters to be Noted: None.
2. Names and Titles of Directors Permitted to Engage in Competitive Acts:
Directors:
Representative of Lingyu Investment Co., Ltd.: Wu Rui-Hua,
Representative of Lingyu Investment Co., Ltd.: He Yi-Ru,
Representative of Fanyang Investment Co., Ltd.: Wu Xian-Tai,
Representative of Fanyang Investment Co., Ltd.: Wu Qiao-Zhen,
Wu Zhao-Wen,
Independent Directors:
Su Liang, Huang Jian-Cheng, Chen Wei-Zhi, Lin Jun-Zhang.
3. Scope of Competitive Acts Permitted: Investing in or operating other companies that are the same as or similar to the company's business scope.
4. Duration of Permitted Competitive Acts: During the term of their directorship.
5. Resolution Details (Please explain the voting results in accordance with Article 209 of the Company Act): Passed unanimously by all attending shareholders without objection.
6. Names and Titles of Directors Whose Permitted Competitive Acts Involve Business in Mainland China (For those not involved in business in Mainland China, please enter 'Not Applicable'): Not Applicable
7. Company Name and Position in the Mainland China Business: Not Applicable
8. Address of the Mainland China Business: Not Applicable
9. Business Items of the Mainland China Business: Not Applicable
10. Impact on the Company's Financial and Business Operations: None.
11. If Directors Invest in Mainland China Businesses, Investment Amount and Shareholding Ratio: None.
12. Other Matters to be Noted: None.
FAQ
What activities can MaoBao Company's directors engage in going forward?
Directors are now permitted to invest in or operate other companies that are the same as or similar to MaoBao Company's business scope during their term.
What impact will this resolution have on MaoBao Company's business?
According to the company, this resolution is stated to have no impact on its financial and business operations.
What was the purpose behind lifting the non-compete restrictions?
While a specific purpose isn't detailed, it's likely intended to broaden directors' scope of activity and pursue company growth opportunities.
When was this resolution passed?
It was passed at the shareholders' meeting on June 11, 115 (ROC calendar).
Did the shareholders approve this resolution?
Yes, it was passed unanimously by all attending shareholders without objection.