Is this resolution compliant with corporate law?

Yes, Article 209 of the Company Act allows lifting non-compete restrictions with shareholder approval.

Why is this governance change necessary?

To enhance strategic collaboration among affiliated companies and optimize management resources.

How are shareholder interests protected?

Through separate conflict-of-interest policies and strengthened oversight mechanisms.

Taiming Announces Shareholders' Approval to Lift Non-Competition Restrictions for Newly Appointed Directors and Their Representatives

Published Jun 17, 2026 9:00 AM ・ Updated Jun 19, 2026 7:10 PM ・ 3 min read ・ Source: PR Times

On June 17, 2026, Taiming Company's shareholders approved a resolution to lift non-competition restrictions for three directors and their representatives during their term of office. The decision complies with Article 209 of the Company Act and has no impact on the company's financial or operational performance.

1. Shareholders' Meeting Resolution Date: June 17, 2026

2. Names and Titles of Directors Permitted to Engage in Competitive Activities: - Director: Chen Feng-Ming, representative of Teyong Investment Co., Ltd. - Director: Chen Chang-Hao, representative of Taiwei Biotech Co., Ltd. - Director: Li Mao-Sheng, representative of Maosheng Investment Co., Ltd.

3. Permitted Competitive Activities: Projects identical or similar to the company's business scope

4. Duration of Permitted Competitive Activities: During the period of serving as directors of the company

5. Resolution Outcome (Voting Results under Article 209 of the Company Act): Approved as proposed through voting.

6. Directors Engaging in Competitive Activities Related to Mainland China-based Businesses (Enter 'Not Applicable' if not applicable): Not Applicable

7. Company Name and Position Held in Such Mainland China-based Business: Not Applicable

8. Address of Such Mainland China-based Business: Not Applicable

9. Business Scope of Such Mainland China-based Business: Not Applicable

10. Impact on the Company's Financial and Business Operations: Not Applicable

11. If Directors Have Invested in Such Mainland China-based Business, Investment Amount and Shareholding Ratio: Not Applicable

12. Other Matters to Be Disclosed: None

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Source: PR Times
Category: News

Taiming Announces Shareholders' Approval to Lift Non-Competition Restrictions for Newly Appointed Directors and Their Representatives

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