[RichWave] Announcement of Resolution to Lift Non-Compete Restrictions for Directors
RichWave held its Annual General Meeting on May 28, 115, and approved the removal of non-compete restrictions for independent directors Zhu Shang-zu, Ma Jia-ying, and Lu Wen-xiang. This allows them to serve as directors in companies with similar business scopes.
📋 Article Processing Timeline
- 📰 Published: May 28, 2026 at 09:00
- 🔍 Collected: May 29, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 31, 2026 at 18:44 (58h 44m after Collected)
1. Date of shareholders' meeting: 115/05/28
2. Names and titles of directors permitted to engage in competitive behavior: (1) Independent Director: Zhu Shang-zu, (2) Independent Director: Ma Jia-ying, (3) Independent Director: Lu Wen-xiang
3. Items of permitted competitive behavior: Investing in or operating companies with the same or similar business scope and serving as directors.
4. Period of permission: During the tenure as a director of the Company.
5. Resolution status: Approved by more than two-thirds of the voting rights of the shareholders present, representing more than half of the total issued shares.
6. Mainland China business: Not applicable.
7. Other matters: None.
2. Names and titles of directors permitted to engage in competitive behavior: (1) Independent Director: Zhu Shang-zu, (2) Independent Director: Ma Jia-ying, (3) Independent Director: Lu Wen-xiang
3. Items of permitted competitive behavior: Investing in or operating companies with the same or similar business scope and serving as directors.
4. Period of permission: During the tenure as a director of the Company.
5. Resolution status: Approved by more than two-thirds of the voting rights of the shareholders present, representing more than half of the total issued shares.
6. Mainland China business: Not applicable.
7. Other matters: None.
FAQ
Can RichWave's independent directors serve on other boards?
Yes, the non-compete restriction was lifted by the shareholders' meeting, allowing them to serve as directors in similar companies.