[ITE Tech] Announcement of shareholder resolution to lift non-compete restrictions for new directors
Key facts
- [ITE Tech] Announcement of shareholder resolution to lift non-compete restrictions for new directors
- ITE Tech announced on May 28, 2026, that its shareholders approved the lifting of non-compete restrictions for new directors, including UMC and Hu Chun-yang, allowing them to hold concurrent positions. The resolution passed with over two-thirds of the voting rights present.
- Source: PR Times
- Date: May 28, 2026
Direct answer
ITE Tech announced on May 28, 2026, that its shareholders approved the lifting of non-compete restrictions for new directors, including UMC and Hu Chun-yang, allowing them to hold concurrent positions. The resolution passed with over two-thirds of the voting rights present.
- Citation
- [ITE Tech] Announcement of shareholder resolution to lift non-compete restrictions for new directors (May 28, 2026), PR Times
- Source
- PR Times
- Date
- May 28, 2026
ITE Tech announced on May 28, 2026, that its shareholders approved the lifting of non-compete restrictions for new directors, including UMC and Hu Chun-yang, allowing them to hold concurrent positions. The resolution passed with over two-thirds of the voting rights present.
📋 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 18:46 (58h 46m after Collected)
2. Names and titles of directors permitted to engage in competitive activities: (1) United Microelectronics Corp (Director) (2) Hu Chun-yang (Director) (3) Chen Shou-shan (Independent Director) (4) Sun Hsin (Independent Director) (5) Chen Chao-hui (Independent Director)
3. Scope of permitted activities: Items related to the company's business scope
4. Period of permission: During their tenure as directors
5. Resolution status: Approved by over 2/3 of voting rights present
6. Concurrent positions: Faraday Technology, Unimicron, SiS, Chipbond, UMC-related entities, Gold Li Technology, Arcadyan, Vivotek, Foxtron, etc.
6-11. Mainland China business: N/A
12. Other notes: None
FAQ
Can ITE Tech directors work for competitors?
The shareholders approved the lifting of non-compete restrictions for specific directors to allow concurrent positions.
What are the key facts in this article?
ITE Tech announced on May 28, 2026, that its shareholders approved the lifting of non-compete restrictions for new directors, including UMC and Hu Chun-yang, allowing them to hold concurrent positions. The resolution passed with over two-thirds of the voting rights present.
What is the direct answer?
ITE Tech announced on May 28, 2026, that its shareholders approved the lifting of non-compete restrictions for new directors, including UMC and Hu Chun-yang, allowing them to hold concurrent positions. The resolution passed with over two-thirds of the voting rights present.