[Uni-President] Notice of Shareholder Meeting Resolution Regarding Waiver of Non-Compete Obligations for Directors
Uni-President announced that its shareholder meeting resolved to waive non-compete obligations for nine directors, including Lo Chih-hsien, to facilitate their concurrent roles in mainland China and other subsidiaries.
📋 Article Processing Timeline
- 📰 Published: May 20, 2026 at 09:00
- 🔍 Collected: May 21, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 21, 2026 at 08:01 (1 min after Collected)
1. Date of shareholder meeting resolution: 2026/05/20
2. Names and titles of directors granted the non-compete waiver:
Lo Chih-hsien (Director), Kao Hsiu-ling (Director), Huang Jui-tien (Director), Huang Chao-kai (Director), Wu Tsung-pin (Director), Wu Min-chi (Director), Hsu Ke-wei (Independent Director), Chen Liang (Independent Director), Hung Yung-cheng (Independent Director)
3. Scope of permitted competitive activity: Serving in relevant positions with functions identical or similar to the company's business scope
4. Period of permitted competitive activity: During the tenure as a director of the company
5. Resolution status (voting results based on Article 209 of the Company Act): The number of votes in favor exceeded the statutory threshold; the motion was passed as proposed.
6. Directors with permitted competitive activity in mainland China operations:
Lo Chih-hsien, Huang Jui-tien, Wu Tsung-pin, Wu Min-chi
7. Names of companies in mainland China where concurrent positions are held:
Lo Chih-hsien: Zhangjiagang Uni-President Food Co., Ltd. (Chairman), Uni-President (China) Investment Co., Ltd. (Chairman), and over 50 others.
Huang Jui-tien: Zhangjiagang Uni-President Food Co., Ltd. (Director), etc.
Wu Tsung-pin: Kunshan Uni-President Micro-Biology Technology Co., Ltd. (Supervisor), etc.
Wu Min-chi: Uni-President (Shanghai) Convenience Store Co., Ltd. (Supervisor), etc.
2. Names and titles of directors granted the non-compete waiver:
Lo Chih-hsien (Director), Kao Hsiu-ling (Director), Huang Jui-tien (Director), Huang Chao-kai (Director), Wu Tsung-pin (Director), Wu Min-chi (Director), Hsu Ke-wei (Independent Director), Chen Liang (Independent Director), Hung Yung-cheng (Independent Director)
3. Scope of permitted competitive activity: Serving in relevant positions with functions identical or similar to the company's business scope
4. Period of permitted competitive activity: During the tenure as a director of the company
5. Resolution status (voting results based on Article 209 of the Company Act): The number of votes in favor exceeded the statutory threshold; the motion was passed as proposed.
6. Directors with permitted competitive activity in mainland China operations:
Lo Chih-hsien, Huang Jui-tien, Wu Tsung-pin, Wu Min-chi
7. Names of companies in mainland China where concurrent positions are held:
Lo Chih-hsien: Zhangjiagang Uni-President Food Co., Ltd. (Chairman), Uni-President (China) Investment Co., Ltd. (Chairman), and over 50 others.
Huang Jui-tien: Zhangjiagang Uni-President Food Co., Ltd. (Director), etc.
Wu Tsung-pin: Kunshan Uni-President Micro-Biology Technology Co., Ltd. (Supervisor), etc.
Wu Min-chi: Uni-President (Shanghai) Convenience Store Co., Ltd. (Supervisor), etc.
FAQ
Why were Uni-President directors granted waivers for non-compete clauses?
To facilitate management synergy with group companies and mainland operations while maintaining governance standards.
Who is covered by this resolution?
The nine current directors of the board, including Lo Chih-hsien.
What kind of mainland positions are included?
Various roles such as directors and supervisors in Uni-President's food, beverage, and trade subsidiaries in China.