[Boli-KY] Announcement of Shareholder Meeting Resolution on Waiver of Non-Compete Obligation for Directors
Boli-KY announced that the Annual General Meeting held on May 20, 2026, approved the waiver of non-compete obligations for directors Hung Chin-Shan and Hung Wen-Tan regarding their concurrent roles in other entities.
📋 Article Processing Timeline
- 📰 Published: May 20, 2026 at 09:00
- 🔍 Collected: May 21, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 21, 2026 at 09:27 (1h 26m after Collected)
1. Date of shareholders' meeting resolution: May 20, 2026
2. Name and title of directors permitted to engage in competitive behavior:
- Director: Hung Chin-Shan
- Director: Hung Wen-Tan
3. Items of competitive behavior permitted:
- Director: Hung Chin-Shan
- Corporate director representative of Diving Cube Hotel Co., Ltd.
- Director: Hung Wen-Tan
- Corporate director representative of Diving Cube Hotel Co., Ltd.
4. Period of permitted competitive behavior:
- During the term of office as a director of the company (May 28, 2026 - May 27, 2029).
5. Resolution status:
- Passed as proposed by the shareholders' meeting in accordance with Article 209 of the Company Act.
6. Mainland China business: Not applicable.
7. Impact on financial operations: None.
8. Investment amount and shareholding ratio: None.
9. Other notes: None.
2. Name and title of directors permitted to engage in competitive behavior:
- Director: Hung Chin-Shan
- Director: Hung Wen-Tan
3. Items of competitive behavior permitted:
- Director: Hung Chin-Shan
- Corporate director representative of Diving Cube Hotel Co., Ltd.
- Director: Hung Wen-Tan
- Corporate director representative of Diving Cube Hotel Co., Ltd.
4. Period of permitted competitive behavior:
- During the term of office as a director of the company (May 28, 2026 - May 27, 2029).
5. Resolution status:
- Passed as proposed by the shareholders' meeting in accordance with Article 209 of the Company Act.
6. Mainland China business: Not applicable.
7. Impact on financial operations: None.
8. Investment amount and shareholding ratio: None.
9. Other notes: None.
FAQ
Why is it necessary to waive non-compete obligations?
It is a legal requirement under the Company Act to prevent conflicts of interest when a director serves in multiple entities.
Does this require shareholder approval?
Yes, it must be approved by the shareholders' meeting under Article 209 of the Taiwan Company Act.
Does this change anything for the company?
It legally allows the directors to hold concurrent positions, but it has no impact on the company's core operations or finances.