What is the legal basis for Kofeng's non-compete waiver resolution?

It is based on Article 209 of the Company Act, approved by over half of shareholders with two-thirds majority vote.

What impact does independent director concurrent employment have on the company?

The company states no impact on finance or operations, indicating effective risk control.

Is it common for independent directors in Taiwan to hold multiple board positions?

Yes, concurrent directorships are widely accepted to ensure professional expertise.

Kofeng Announces 115th Annual Shareholders' Meeting Resolution to Lift Non-Competition Restrictions for Newly Appointed Directors and Their Representatives

Published Jun 25, 2026 9:00 AM ・ Updated Jun 27, 2026 2:55 PM ・ 3 min read ・ Source: PR Times

Kofeng Co., Ltd. has resolved at its 115th annual shareholders' meeting to lift non-competition restrictions for three newly appointed independent directors, permitting them to hold concurrent positions at other firms. The company confirms no impact on its financial or operational performance.

1. Shareholders' Meeting Resolution Date: June 25, 115

2. Names and Titles of Directors Permitted to Engage in Competitive Activities: (1) Independent Director: Tsai Nien-Peng (2) Independent Director: Chang Kuo-Jung (3) Independent Director: Lee Chun-Che

3. Specific Competitive Activities Permitted: (1) Tsai Nien-Peng: Assistant Business Manager, Capital Markets Division, Dersin Securities Co., Ltd. (2) Chang Kuo-Jung: Deputy General Manager, Market Development Department, Keytech Corporation (3) Lee Chun-Che: Independent Director, Yi-Hua Industrial Co., Ltd.

4. Duration of Permission for Competitive Activities: Throughout their tenure as directors of the company

5. Voting Outcome (as per Article 209 of the Company Act): The resolution passed with over half of the issued shares represented and approved by more than two-thirds of the voting rights of attending shareholders

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

7. Company Name and Position Held in Mainland China Enterprise: Not Applicable

8. Address of Mainland China Enterprise: Not Applicable

9. Business Scope of Mainland China Enterprise: Not Applicable

10. Impact on the Company's Financial and Operational Status: None

11. If Directors Have Invested in Mainland China Enterprises, Investment Amount and Shareholding Ratio: None

12. Other Matters to be Disclosed: None

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Source: PR Times
Category: News

Kofeng Announces 115th Annual Shareholders' Meeting Resolution to Lift Non-Competition Restrictions for Newly Appointed Directors and Their Representatives

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