8467 Bonny-KY: Announcement Regarding Waiver of Non-Compete Obligation for Directors at 2026 Annual General Meeting
Bonny-KY approved the waiver of non-compete obligations for two directors at its May 20, 2026 Annual General Meeting.
📋 Article Processing Timeline
- 📰 Published: May 21, 2026 at 06:31
- 🔍 Collected: May 21, 2026 at 06:31 (0 min after Published)
- 🤖 AI Analyzed: May 21, 2026 at 07:56 (1h 24m after Collected)
[Announcement]
Release Date: May 21, 2026
Announcement Date: May 20, 2026
Company Code: 8467
Company Name: Bonny-KY
Subject: Announcement regarding the waiver of non-compete obligation for directors at the company's 2026 Annual General Meeting.
Relevant Clause: Article 21
Date of Event: May 20, 2026
Explanation:
1. Date of shareholder resolution: May 20, 2026
2. Names and titles of directors granted the waiver:
Director: Hong Jin-Shan
Director: Hong Wen-Dan
3. Nature of permitted non-compete activity:
Director Hong Jin-Shan: Representative of corporate director of Subcube Hotel Co., Ltd.
Director Hong Wen-Dan: Representative of corporate director of Subcube Hotel Co., Ltd.
4. Period of permission: During the tenure as a director of the company (May 28, 2026 - May 27, 2028).
5. Resolution result: Passed as proposed at the Annual General Meeting.
6. Mainland China business: Not applicable.
7. Impact on company's financial and business operations: None.
8. Investment in Mainland China business: None.
9. Other notes: None.
Release Date: May 21, 2026
Announcement Date: May 20, 2026
Company Code: 8467
Company Name: Bonny-KY
Subject: Announcement regarding the waiver of non-compete obligation for directors at the company's 2026 Annual General Meeting.
Relevant Clause: Article 21
Date of Event: May 20, 2026
Explanation:
1. Date of shareholder resolution: May 20, 2026
2. Names and titles of directors granted the waiver:
Director: Hong Jin-Shan
Director: Hong Wen-Dan
3. Nature of permitted non-compete activity:
Director Hong Jin-Shan: Representative of corporate director of Subcube Hotel Co., Ltd.
Director Hong Wen-Dan: Representative of corporate director of Subcube Hotel Co., Ltd.
4. Period of permission: During the tenure as a director of the company (May 28, 2026 - May 27, 2028).
5. Resolution result: Passed as proposed at the Annual General Meeting.
6. Mainland China business: Not applicable.
7. Impact on company's financial and business operations: None.
8. Investment in Mainland China business: None.
9. Other notes: None.
FAQ
Why is it necessary to waive the non-compete clause?
Under Article 209 of the Company Act, directors must obtain shareholder approval when taking concurrent roles in other companies that may lead to non-compete conflicts.
What does this mean for investors?
It provides transparency regarding how directors manage their time and resources, which is a component of corporate governance.
What is Bonny-KY's primary business?
The company primarily focuses on the development and manufacturing of carbon fiber composite products.