[Mosel Vitelic] Announcement on the Approval of Non-compete Restriction Waivers for New Directors and Representatives
Mosel Vitelic passed a resolution at its shareholders' meeting to waive non-compete restrictions for newly appointed directors and their representatives.
📋 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 08:35 (34 min after Collected)
1. Date of Shareholders' Meeting resolution: May 20, 2026
2. Names and titles of directors permitted to engage in competitive behavior:
Directors
(1) Representative of Actron Technology Co., Ltd.: Mr. Wu Hsien-chung
(2) Representative of Actron Technology Co., Ltd.: Mr. Yao Tang-liang
(3) Ms. Tang Yi-hsien
(4) Representative of Actron Technology Co., Ltd.: Mr. Lu Chien-chih
(5) Representative of Sino-American Silicon Products Inc.: Mr. Chen Chen-chien
Independent Directors
(1) Mr. Lin Ching-hsiang
(2) Mr. Lan Chung-wen
(3) Ms. Chang Shu-ju
(4) Mr. Lu Chao-hsiang
3. Items permitted for competitive behavior: Companies with the same or similar scope of business as the Company.
4. Duration of permission: During the tenure as a director of the Company.
5. Voting results (pursuant to Article 209 of the Company Act):
91,658,468 votes in favor (95.03%); 150,421 votes against; 4,636,368 abstentions/non-votes. The motion was passed as proposed.
6. Directors permitted to engage in competitive behavior in mainland China:
Director Yao Tang-liang, Director Wu Hsien-chung, Independent Director Lu Chao-hsiang.
7. Name of mainland Chinese business and position held:
(1) Smoose Automotive Parts (Qingdao) Co., Ltd. - Corporate Director Representative: Wu Hsien-chung
(2) Kunshan Zhongchen Silicon Co., Ltd. - Chairman: Yao Tang-liang
(3) Yuanhong (Shandong) Optoelectronic Materials Co., Ltd. - Director: Yao Tang-liang
(4) Yuancheng Technology (Suzhou) Co., Ltd. - Director: Lu Chao-hsiang
(5) Powertech Semiconductor (Xi'an) Co., Ltd. - Chairman: Lu Chao-hsiang
8. Address of mainland Chinese business:
(1) Smoose Automotive: South side of Line 27, Sino-German Eco-Park, Tuanjie Road, Hongshiya Street, Huangdao District, Qingdao.
(2) Kunshan Zhongchen: No. 303 Hanpu Road, Chengbei High-tech Industrial Park, Kunshan, Jiangsu.
(3) Yuanhong: No. 6699 Chongwen Avenue, High-tech Zone, Jining, Shandong.
(4) Yuancheng Technology: No. 33 Xinghai Street, Industrial Park, Suzhou, Jiangsu.
(5) Powertech Semiconductor: Room 319, Comprehensive Office Building, Zone B, Xi'an Guanzhong Comprehensive Bonded Area, No. 28 Information Avenue, High-tech Zone, Xi'an, Shaanxi.
9. Business scope of mainland Chinese business:
(1) Smoose Automotive: ABS brake system parts.
(2) Kunshan Zhongchen: Processing and trade of silicon rods and wafers.
(3) Yuanhong: Optoelectronic substrates, other lighting fixtures and accessories (LED).
(4) Yuancheng Technology: Design and manufacturing of integrated circuits.
(5) Powertech Semiconductor: Design, manufacturing, assembly, and testing of integrated circuits and electronic devices.
10. Impact on the Company's financial or operational results: None.
11. Investment amount and shareholding ratio in mainland Chinese businesses: None.
12. Other matters: None.
2. Names and titles of directors permitted to engage in competitive behavior:
Directors
(1) Representative of Actron Technology Co., Ltd.: Mr. Wu Hsien-chung
(2) Representative of Actron Technology Co., Ltd.: Mr. Yao Tang-liang
(3) Ms. Tang Yi-hsien
(4) Representative of Actron Technology Co., Ltd.: Mr. Lu Chien-chih
(5) Representative of Sino-American Silicon Products Inc.: Mr. Chen Chen-chien
Independent Directors
(1) Mr. Lin Ching-hsiang
(2) Mr. Lan Chung-wen
(3) Ms. Chang Shu-ju
(4) Mr. Lu Chao-hsiang
3. Items permitted for competitive behavior: Companies with the same or similar scope of business as the Company.
4. Duration of permission: During the tenure as a director of the Company.
5. Voting results (pursuant to Article 209 of the Company Act):
91,658,468 votes in favor (95.03%); 150,421 votes against; 4,636,368 abstentions/non-votes. The motion was passed as proposed.
6. Directors permitted to engage in competitive behavior in mainland China:
Director Yao Tang-liang, Director Wu Hsien-chung, Independent Director Lu Chao-hsiang.
7. Name of mainland Chinese business and position held:
(1) Smoose Automotive Parts (Qingdao) Co., Ltd. - Corporate Director Representative: Wu Hsien-chung
(2) Kunshan Zhongchen Silicon Co., Ltd. - Chairman: Yao Tang-liang
(3) Yuanhong (Shandong) Optoelectronic Materials Co., Ltd. - Director: Yao Tang-liang
(4) Yuancheng Technology (Suzhou) Co., Ltd. - Director: Lu Chao-hsiang
(5) Powertech Semiconductor (Xi'an) Co., Ltd. - Chairman: Lu Chao-hsiang
8. Address of mainland Chinese business:
(1) Smoose Automotive: South side of Line 27, Sino-German Eco-Park, Tuanjie Road, Hongshiya Street, Huangdao District, Qingdao.
(2) Kunshan Zhongchen: No. 303 Hanpu Road, Chengbei High-tech Industrial Park, Kunshan, Jiangsu.
(3) Yuanhong: No. 6699 Chongwen Avenue, High-tech Zone, Jining, Shandong.
(4) Yuancheng Technology: No. 33 Xinghai Street, Industrial Park, Suzhou, Jiangsu.
(5) Powertech Semiconductor: Room 319, Comprehensive Office Building, Zone B, Xi'an Guanzhong Comprehensive Bonded Area, No. 28 Information Avenue, High-tech Zone, Xi'an, Shaanxi.
9. Business scope of mainland Chinese business:
(1) Smoose Automotive: ABS brake system parts.
(2) Kunshan Zhongchen: Processing and trade of silicon rods and wafers.
(3) Yuanhong: Optoelectronic substrates, other lighting fixtures and accessories (LED).
(4) Yuancheng Technology: Design and manufacturing of integrated circuits.
(5) Powertech Semiconductor: Design, manufacturing, assembly, and testing of integrated circuits and electronic devices.
10. Impact on the Company's financial or operational results: None.
11. Investment amount and shareholding ratio in mainland Chinese businesses: None.
12. Other matters: None.
FAQ
Why did Mosel Vitelic waive the non-compete restriction?
To foster synergy with group companies like Actron Technology and SAS, enabling more flexible management and supply chain coordination.
How long is this waiver effective?
It remains effective as long as the individuals serve as directors of Mosel Vitelic.
Are there risks in having directors concurrently serve in mainland China businesses?
Mosel Vitelic assessed that these concurrent positions have no negative impact on the company's financial or operational performance.