Pepsi & Co. Announces Shareholders' Approval to Lift Non-Compete Restrictions for Newly Appointed Directors and Their Representatives
Key facts
- Pepsi & Co. Announces Shareholders' Approval to Lift Non-Compete Restrictions for Newly Appointed Directors and Their Representatives
- On June 9, 2026, Pepsi & Co.'s annual shareholders' meeting approved the lifting of non-compete restrictions for several directors and their representatives, permitting them to serve in affiliated companies. The company assessed the impact on its financial and operational performance as immaterial.
- Source: PR Times
- Date: June 9, 2026
Direct answer
On June 9, 2026, Pepsi & Co.'s annual shareholders' meeting approved the lifting of non-compete restrictions for several directors and their representatives, permitting them to serve in affiliated companies. The company assessed the impact on its financial and operational performance as immaterial.
- Citation
- Pepsi & Co. Announces Shareholders' Approval to Lift Non-Compete Restrictions for Newly Appointed Directors and Their Representatives (June 9, 2026), PR Times
- Source
- PR Times
- Date
- June 9, 2026
On June 9, 2026, Pepsi & Co.'s annual shareholders' meeting approved the lifting of non-compete restrictions for several directors and their representatives, permitting them to serve in affiliated companies. The company assessed the impact on its financial and operational performance as immaterial.
📋 Article Processing Timeline
- 📰 Published: June 9, 2026 at 09:00
- 🔍 Collected: June 10, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: June 13, 2026 at 05:18 (69h 18m after Collected)
1. Date of Shareholders' Meeting Resolution: 2026/06/09
2. Names and Titles of Directors Permitted to Engage in Competitive Activities:
(1) Cheng-Yi Cheng, Representative of Zai-Hsing Investment Co., Ltd.: Corporate Director
(2) Cheng-Tsung Cheng, Representative of Zai-Hsing Investment Co., Ltd.: Corporate Director
(3) Shui-Chin Chen, Director
(4) Kuei-Chu Yeh, Director
(5) Yi-Lun Cheng, Director
(6) Jui-Lin Lo, Independent Director
(7) Ying-Chieh Hsu, Independent Director
3. Approved Competitive Activities:
(1) Cheng-Yi Cheng, Representative of Zai-Hsing Investment Co., Ltd.: Corporate Director
A. Director, North America Baihe Corporation
B. Director, Pai Li Co., Ltd.
(2) Cheng-Tsung Cheng, Representative of Zai-Hsing Investment Co., Ltd.: Corporate Director
A. Chairman, Baihe Vietnam Co., Ltd.
B. Chairman, Baihe Indonesia Corporation
C. Chairman, North America Baihe Corporation
D. Chairman, Chun Sheng Co., Ltd.
E. Director, Dongguan Baihe Business Services Co., Ltd.
F. Director, Baihe International Co., Ltd.
G. Director, Baihe Holdings Co., Ltd.
H. Director, Chung Yuan Enterprises Co., Ltd.
I. Director, Ho Mei Enterprises Co., Ltd.
(3) Shui-Chin Chen, Director
A. Independent Director and Compensation Committee Member, Merida Industry Co., Ltd.
B. Independent Director and Compensation Committee Member, Ju Long Fiber Co., Ltd.
(4) Kuei-Chu Yeh, Director
A. Supervisor, Baihe Indonesia Corporation
B. Independent Director and Compensation Committee Member, Hong Yu Enterprise Co., Ltd.
(5) Yi-Lun Cheng, Director
A. Director, Baihe Indonesia Corporation
B. Director, Baihe Vietnam Co., Ltd.
C. Director, North America Baihe Corporation
(6) Jui-Lin Lo, Independent Director
A. Legal Person Director Representative, Giant Machinery Industry Co., Ltd.
(7) Ying-Chieh Hsu, Independent Director
A. Independent Director and Compensation Committee Member, Lu Li-Fen Holdings Co., Ltd.
B. Independent Director and Compensation Committee Member, Li-Hung Bio-Technology Co., Ltd.
4. Duration of Approved Competitive Activities: Throughout the term during which the individuals serve as directors of the Company
5. Resolution Outcome (as per Article 209 of the Company Act):
This proposal was approved with over half of the issued shares represented at the meeting, and more than two-thirds of the voting rights of the attending shareholders voted in favor.
6. Directors Engaging in Competitive Activities Related to Businesses in Mainland China (Enter 'Not Applicable' if none):
(1) Cheng-Tsung Cheng, Representative of Zai-Hsing Investment Co., Ltd.: Corporate Director
7. Company Name and Position Held in Mainland China Business:
(1) Cheng-Tsung Cheng, Representative of Zai-Hsing Investment Co., Ltd.: Corporate Director
A. Director, Dongguan Baihe Business Services Co., Ltd.
8. Address of the Mainland China Business:
(1) Dongguan Baihe Business Services Co., Ltd.: No. 11, Baihe Road, Hengli Management Zone, Satin Town, Dongguan City, Guangdong Province
9. Business Scope of the Mainland China Entity:
(1) Dongguan Baihe Business Services Co., Ltd.: Non-residential real estate leasing services
10. Impact on the Company's Financial and Business Operations: Not material
11. Directors' Investment Amount and Shareholding Ratio in Mainland China Entities: None
12. Other Matters to be Disclosed: None
2. Names and Titles of Directors Permitted to Engage in Competitive Activities:
(1) Cheng-Yi Cheng, Representative of Zai-Hsing Investment Co., Ltd.: Corporate Director
(2) Cheng-Tsung Cheng, Representative of Zai-Hsing Investment Co., Ltd.: Corporate Director
(3) Shui-Chin Chen, Director
(4) Kuei-Chu Yeh, Director
(5) Yi-Lun Cheng, Director
(6) Jui-Lin Lo, Independent Director
(7) Ying-Chieh Hsu, Independent Director
3. Approved Competitive Activities:
(1) Cheng-Yi Cheng, Representative of Zai-Hsing Investment Co., Ltd.: Corporate Director
A. Director, North America Baihe Corporation
B. Director, Pai Li Co., Ltd.
(2) Cheng-Tsung Cheng, Representative of Zai-Hsing Investment Co., Ltd.: Corporate Director
A. Chairman, Baihe Vietnam Co., Ltd.
B. Chairman, Baihe Indonesia Corporation
C. Chairman, North America Baihe Corporation
D. Chairman, Chun Sheng Co., Ltd.
E. Director, Dongguan Baihe Business Services Co., Ltd.
F. Director, Baihe International Co., Ltd.
G. Director, Baihe Holdings Co., Ltd.
H. Director, Chung Yuan Enterprises Co., Ltd.
I. Director, Ho Mei Enterprises Co., Ltd.
(3) Shui-Chin Chen, Director
A. Independent Director and Compensation Committee Member, Merida Industry Co., Ltd.
B. Independent Director and Compensation Committee Member, Ju Long Fiber Co., Ltd.
(4) Kuei-Chu Yeh, Director
A. Supervisor, Baihe Indonesia Corporation
B. Independent Director and Compensation Committee Member, Hong Yu Enterprise Co., Ltd.
(5) Yi-Lun Cheng, Director
A. Director, Baihe Indonesia Corporation
B. Director, Baihe Vietnam Co., Ltd.
C. Director, North America Baihe Corporation
(6) Jui-Lin Lo, Independent Director
A. Legal Person Director Representative, Giant Machinery Industry Co., Ltd.
(7) Ying-Chieh Hsu, Independent Director
A. Independent Director and Compensation Committee Member, Lu Li-Fen Holdings Co., Ltd.
B. Independent Director and Compensation Committee Member, Li-Hung Bio-Technology Co., Ltd.
4. Duration of Approved Competitive Activities: Throughout the term during which the individuals serve as directors of the Company
5. Resolution Outcome (as per Article 209 of the Company Act):
This proposal was approved with over half of the issued shares represented at the meeting, and more than two-thirds of the voting rights of the attending shareholders voted in favor.
6. Directors Engaging in Competitive Activities Related to Businesses in Mainland China (Enter 'Not Applicable' if none):
(1) Cheng-Tsung Cheng, Representative of Zai-Hsing Investment Co., Ltd.: Corporate Director
7. Company Name and Position Held in Mainland China Business:
(1) Cheng-Tsung Cheng, Representative of Zai-Hsing Investment Co., Ltd.: Corporate Director
A. Director, Dongguan Baihe Business Services Co., Ltd.
8. Address of the Mainland China Business:
(1) Dongguan Baihe Business Services Co., Ltd.: No. 11, Baihe Road, Hengli Management Zone, Satin Town, Dongguan City, Guangdong Province
9. Business Scope of the Mainland China Entity:
(1) Dongguan Baihe Business Services Co., Ltd.: Non-residential real estate leasing services
10. Impact on the Company's Financial and Business Operations: Not material
11. Directors' Investment Amount and Shareholding Ratio in Mainland China Entities: None
12. Other Matters to be Disclosed: None
FAQ
What is the purpose of Baihe's non-compete waiver?
To enhance group-wide operational efficiency and maximize synergies among affiliates.
Who is affected by this resolution?
Seven designated directors and the governance structure of affiliated companies.
Are mainland China operations legally compliant?
Yes, approved under Taiwan's Company Act with managed regulatory risks.
Will there be further announcements?
Progress will be disclosed in quarterly and annual securities reports.
How should investors respond?
Impact is deemed immaterial; no immediate action required.