[Fwusow Industry] Announcement Regarding the Waiver of Non-Compete Obligations for Directors of Subsidiary Taiwan Big Food Co., Ltd.
On May 22, 2026, Fwusow Industry announced that the shareholders' meeting of its subsidiary, Taiwan Big Food Co., Ltd., approved the waiver of non-compete obligations for five directors.
📋 Article Processing Timeline
- 📰 Published: May 22, 2026 at 09:00
- 🔍 Collected: May 23, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 24, 2026 at 09:20 (25h 20m after Collected)
1. Date of Shareholders' Meeting: May 22, 2026
2. Names and Titles of Directors Authorized to Engage in Competitive Activities:
Director: Representative of Fwusow Industry Co., Ltd., Hsu Yi-Chun
Director: Representative of Fwusow Industry Co., Ltd., Chang Jui-Chin
Director: Representative of Fwusow Industry Co., Ltd., Wu Hsing-Ho
Director: Representative of Maw-Sheng Agriculture Co., Ltd., Wu Ching-Te
Director: Representative of Maw-Sheng Agriculture Co., Ltd., Yeh Ming-Chiu
3. Scope of Authorized Competitive Activities: Companies with the same or similar scope of business as the Company.
4. Duration of Authorization: During the tenure as a director of the Company.
5. Voting Results (in accordance with Article 209 of the Company Act): Approved unanimously by all attending shareholders upon the Chairman's request.
6. Names/Titles of Directors for Competitive Activities in Mainland China: Not applicable.
7. Name and Position in Mainland China Entities: Not applicable.
8. Address of Mainland China Entities: Not applicable.
9. Business Scope of Mainland China Entities: Not applicable.
10. Impact on the Company's Financials/Operations: None.
11. Investment Amount/Shareholding Ratio in Mainland China Entities: None.
12. Other Information: None.
2. Names and Titles of Directors Authorized to Engage in Competitive Activities:
Director: Representative of Fwusow Industry Co., Ltd., Hsu Yi-Chun
Director: Representative of Fwusow Industry Co., Ltd., Chang Jui-Chin
Director: Representative of Fwusow Industry Co., Ltd., Wu Hsing-Ho
Director: Representative of Maw-Sheng Agriculture Co., Ltd., Wu Ching-Te
Director: Representative of Maw-Sheng Agriculture Co., Ltd., Yeh Ming-Chiu
3. Scope of Authorized Competitive Activities: Companies with the same or similar scope of business as the Company.
4. Duration of Authorization: During the tenure as a director of the Company.
5. Voting Results (in accordance with Article 209 of the Company Act): Approved unanimously by all attending shareholders upon the Chairman's request.
6. Names/Titles of Directors for Competitive Activities in Mainland China: Not applicable.
7. Name and Position in Mainland China Entities: Not applicable.
8. Address of Mainland China Entities: Not applicable.
9. Business Scope of Mainland China Entities: Not applicable.
10. Impact on the Company's Financials/Operations: None.
11. Investment Amount/Shareholding Ratio in Mainland China Entities: None.
12. Other Information: None.
FAQ
Why is it necessary to waive non-compete obligations for directors?
According to Article 209 of the Company Act, directors require shareholder approval to avoid potential conflicts of interest when holding concurrent roles in similar businesses.
What does this decision mean for investors?
It indicates that the allocation of management resources among group companies has been officially approved, suggesting stable operational continuity.
Is the non-compete waiver time-limited?
Yes, it is limited to the term of office for each director.