【Uni-President Real Estate】Announcement of Shareholder Resolution to Lift Non-Compete Restrictions for Directors
Uni-President Real Estate held its 115th annual general meeting on May 29, resolving to lift non-compete restrictions for directors Lo Chih-hsien, Huang Chao-kai, and independent director Lin Yi-chang. The move facilitates Lo's roles in various mainland Chinese subsidiaries. The company stated no material financial impact.
📋 Article Processing Timeline
- 📰 Published: May 29, 2026 at 09:00
- 🔍 Collected: May 30, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 31, 2026 at 18:39 (34h 39m after Collected)
1. Date of resolution: 115/05/29. 2. Names and titles of directors permitted to engage in competitive behavior: Director Lo Chih-hsien (Rep. of Uni-President Enterprises), Director Huang Chao-kai (Rep. of Uni-President Enterprises), Independent Director Lin Yi-chang. 3. Scope of permitted behavior: Serving as a director or manager in companies with the same business scope. 4. Duration: During the term of office at the company. 5. Resolution status: Passed with majority approval. 6. Mainland China business involvement: Director Lo Chih-hsien. 7. Positions held in mainland China: Chairman of Zhangjiagang Uni-President Food, Chairman of Uni-President (China) Investment, etc. 8. Addresses: Various locations in mainland China. 9. Business scope: Manufacturing and sales of instant noodles, beverages, dairy, meat, mineral water, and oils. 10. Financial impact: No material impact. 11. Investment details: Not applicable. 12. Other: None.
FAQ
What is non-compete restriction?
A legal provision preventing directors from holding positions in competing companies.