What does lifting non-competition restrictions for directors mean?

It means directors are permitted to hold positions in other companies that may compete with the company's business, expecting to leverage expertise and expand business opportunities.

How does this resolution affect the company?

The company can more easily leverage the extensive experience and networks of its directors. However, managing conflicts of interest becomes crucial.

Why was this resolution made?

It is likely intended to maximize directors' expertise, pursue group-wide synergies, and respond flexibly to the rapidly changing market environment.

[CHIPS] Announcement on the Resolution of the Shareholders' Meeting to Lift Non-Competition Restrictions for New Directors and Their Representatives

Published Jun 11, 2026 9:00 AM ・ Updated Jun 14, 2026 12:07 AM ・ 4 min read ・ Source: PR Times

CHIPS' shareholders' meeting approved lifting non-competition restrictions for new directors and their representatives. Director Wu Jinchuan and his representative will be permitted to engage in competitive activities such as Chairman of Taiwan Analog Technology, with no significant impact on the company's finances and operations.

1. Date of Shareholders' Meeting Resolution: 115/06/11 2. Names and Titles of Directors Permitted to Engage in Competitive Business: Corporate Director, Yipeng Investment Co., Ltd. Representative: Wu Jinchuan 3. Items of Competitive Business Permitted: (1) Chairman of Taiwan Analog Technology Co., Ltd. (2) Corporate Director Representative of Shanghai Lierqi Microelectronics Co., Ltd. (3) Independent Director of Chipbond Technology Corporation 4. Period for Which Competitive Business is Permitted: During the term of office as a director of this company 5. Resolution Details (Please explain the voting results in accordance with Article 209 of the Company Act): Voting Rights of Attending Shareholders: 53,215,300 votes In Favor: 51,265,599 votes, accounting for 96.33% of the voting rights Against: 123,197 votes, accounting for 0.23% of the voting rights Invalid: 0 votes, accounting for 0.00% of the voting rights Abstain/Did not vote: 1,826,504 votes, accounting for 3.43% of the voting rights 6. If the permitted competitive business involves a company in Mainland China, the director's name and title (For businesses not in Mainland China, please enter 'Not Applicable'): Wu Jinchuan / Corporate Director, Yipeng Investment Co., Ltd. Representative 7. Name and Title of the Company in Mainland China where the director holds a position: Shanghai Lierqi Microelectronics Co., Ltd., Corporate Director Representative 8. Address of the Company in Mainland China where the director holds a position: No. 189, Xinjunhuan Road, Pujiang Town, Minhang District, Shanghai 9. Business Scope of the Company in Mainland China where the director holds a position: Wholesale, import and export, and commission agency for computer software, integrated circuits, discrete devices, and specialized electronic equipment; provision of related supporting services. 10. Impact on the Company's Financial and Business Operations: No significant impact 11. If the director has investments in the company in Mainland China, the investment amount and shareholding ratio: None 12. Other Matters to be Noted: None

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Source: PR Times
Category: Corporate Governance
Dates in source: 115/06/11

[CHIPS] Announcement on the Resolution of the Shareholders' Meeting to Lift Non-Competition Restrictions for New Directors and Their Representatives

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