[AIDC] Shareholders approve non-compete waiver for directors
AIDC approved a non-compete waiver for five directors at its shareholder meeting. No impact on company finances or operations reported.
📋 Article Processing Timeline
- 📰 Published: May 22, 2026 at 09:00
- 🔍 Collected: May 23, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 25, 2026 at 05:41 (45h 41m after Collected)
1. Date of shareholder resolution: May 22, 115 (Republic of China calendar).
2. Directors and titles granted non-compete waiver:
(1) Chang Ming-bin (Director, Representative of Ministry of Economic Affairs)
(2) Lu Sung-yu (Director, Representative of Ministry of Economic Affairs)
(3) Chan Chia-chang (Managing & Independent Director)
(4) Chen Ying-chin (Independent Director)
(5) Wang Yi-sheng (Independent Director)
3. Permitted competitive activities:
(1) Chang Ming-bin: Director, Kuo Kuang Power Co., Ltd. (Representative of CPC Corporation, Taiwan)
(2) Lu Sung-yu: Independent Director, Cashbox Partyworld Co., Ltd.
(3) Chan Chia-chang: Independent Director, Auto-Electronics Co., Ltd. and Longray Biotech Co., Ltd.
(4) Chen Ying-chin: Independent Director, E-Materials Tech Co., Ltd.
(5) Wang Yi-sheng: Director, CECI Engineering Consultants, Inc. (Representative of China Engineering Consultants, Inc.)
4. Period of permission: During the tenure as a director of the company.
5. Voting result (per Article 209 of the Company Act): Approved by more than two-thirds of the voting rights of shareholders present at a meeting attended by shareholders representing a majority of total issued shares.
6. Mainland China business engagement: Not applicable.
7. Impact on financial and operational performance: None.
8. Other notes: None.
2. Directors and titles granted non-compete waiver:
(1) Chang Ming-bin (Director, Representative of Ministry of Economic Affairs)
(2) Lu Sung-yu (Director, Representative of Ministry of Economic Affairs)
(3) Chan Chia-chang (Managing & Independent Director)
(4) Chen Ying-chin (Independent Director)
(5) Wang Yi-sheng (Independent Director)
3. Permitted competitive activities:
(1) Chang Ming-bin: Director, Kuo Kuang Power Co., Ltd. (Representative of CPC Corporation, Taiwan)
(2) Lu Sung-yu: Independent Director, Cashbox Partyworld Co., Ltd.
(3) Chan Chia-chang: Independent Director, Auto-Electronics Co., Ltd. and Longray Biotech Co., Ltd.
(4) Chen Ying-chin: Independent Director, E-Materials Tech Co., Ltd.
(5) Wang Yi-sheng: Director, CECI Engineering Consultants, Inc. (Representative of China Engineering Consultants, Inc.)
4. Period of permission: During the tenure as a director of the company.
5. Voting result (per Article 209 of the Company Act): Approved by more than two-thirds of the voting rights of shareholders present at a meeting attended by shareholders representing a majority of total issued shares.
6. Mainland China business engagement: Not applicable.
7. Impact on financial and operational performance: None.
8. Other notes: None.
FAQ
What is a non-compete waiver?
It is a procedure where shareholders authorize directors to hold positions in other companies that may compete with the current company.
Why is this procedure required?
Under Article 209 of Taiwan's Company Act, directors must obtain shareholder approval before engaging in competitive activities.
Does this impact shareholders?
The company stated there is no impact on its finances or operations.