[Walsin] Shareholders' Meeting Approves Waiver of Non-Compete Restrictions for New Directors
At the shareholders' meeting on May 22, 2026, Walsin Lihwa approved the waiver of non-compete restrictions for seven new directors, allowing them to hold concurrent positions in affiliated companies.
📋 Article Processing Timeline
- 📰 Published: May 22, 2026 at 09:00
- 🔍 Collected: May 23, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 23, 2026 at 08:28 (28 min after Collected)
1. Date of Shareholders' Meeting resolution: 2026/05/22
2. Names and titles of directors permitted to engage in competitive activities:
(1) Jiao You-Lun, Director
(2) Jiao You-Heng, Director
(3) Jiao You-Qi, Director
(4) Xia Li-Yan, Director
(5) Xue Ming-Ling, Director
(6) Claude Georges Haberer, Director
(7) Chiu Li-Meng, Independent Director
3. Items for which non-compete restrictions are waived:
(1) Jiao You-Lun: Chairman of Walsin New Energy Cable System Co., Ltd.; Director of Jin-Cheng Construction Co., Ltd.; Director of Walsin (Nanjing) Property Development Co., Ltd.; Vice President Commissioner of Walsin Lippo Industry; Vice President Commissioner of P.T. Walsin Lippo Kabel; Director of Borrego Energy Holdings, LLC; Director of Cogne Acciai Speciali S.p.A.
(2) Jiao You-Heng: Chairman of Global Brands Manufacture Ltd.; Chairman of Yu-Yue Co., Ltd.; Director of Sheng-Cheng Industrial Co., Ltd.
(3) Jiao You-Qi: Chairman of HannStar Display Corporation; Director of Jing-Jin Technology Co., Ltd.; Chairman of Yue-Ma No. 1 Investment Co., Ltd.
(4) Xia Li-Yan: Vice President and Spokesperson of Phu My Hung Development Corporation; Chief Representative of Central Trading & Development Group
(5) Xue Ming-Ling: Independent Director of Lite-On Technology Corporation
(6) Claude Georges Haberer: Independent Director of Gobi Mining and Transport Pte Ltd (Nominated)
(7) Chiu Li-Meng: Independent Director of Sinyi Realty Inc.
4. Duration of permission: During the tenure
5. Resolution result (pursuant to Article 209 of the Company Act): Approved by more than two-thirds of the shareholders present representing the total issued shares, with a majority vote of the shareholders present.
6. Directors engaged in competitive activities in mainland China:
Jiao You-Lun, Director
7. Company name and position in mainland China:
Walsin (Nanjing) Property Development Co., Ltd., Director
8. Address in mainland China:
9F, T6 Office Building, Walsin City, No. 258, Jiangdong Middle Road, Jianye District, Nanjing, Jiangsu Province, China
9. Business scope of the business in mainland China:
Walsin (Nanjing) Property Development Co., Ltd.: Commercial real estate
10. Impact on the company's financial and business operations: None
11. Investment amount and shareholding ratio in the mainland Chinese business: None
12. Other matters: None
2. Names and titles of directors permitted to engage in competitive activities:
(1) Jiao You-Lun, Director
(2) Jiao You-Heng, Director
(3) Jiao You-Qi, Director
(4) Xia Li-Yan, Director
(5) Xue Ming-Ling, Director
(6) Claude Georges Haberer, Director
(7) Chiu Li-Meng, Independent Director
3. Items for which non-compete restrictions are waived:
(1) Jiao You-Lun: Chairman of Walsin New Energy Cable System Co., Ltd.; Director of Jin-Cheng Construction Co., Ltd.; Director of Walsin (Nanjing) Property Development Co., Ltd.; Vice President Commissioner of Walsin Lippo Industry; Vice President Commissioner of P.T. Walsin Lippo Kabel; Director of Borrego Energy Holdings, LLC; Director of Cogne Acciai Speciali S.p.A.
(2) Jiao You-Heng: Chairman of Global Brands Manufacture Ltd.; Chairman of Yu-Yue Co., Ltd.; Director of Sheng-Cheng Industrial Co., Ltd.
(3) Jiao You-Qi: Chairman of HannStar Display Corporation; Director of Jing-Jin Technology Co., Ltd.; Chairman of Yue-Ma No. 1 Investment Co., Ltd.
(4) Xia Li-Yan: Vice President and Spokesperson of Phu My Hung Development Corporation; Chief Representative of Central Trading & Development Group
(5) Xue Ming-Ling: Independent Director of Lite-On Technology Corporation
(6) Claude Georges Haberer: Independent Director of Gobi Mining and Transport Pte Ltd (Nominated)
(7) Chiu Li-Meng: Independent Director of Sinyi Realty Inc.
4. Duration of permission: During the tenure
5. Resolution result (pursuant to Article 209 of the Company Act): Approved by more than two-thirds of the shareholders present representing the total issued shares, with a majority vote of the shareholders present.
6. Directors engaged in competitive activities in mainland China:
Jiao You-Lun, Director
7. Company name and position in mainland China:
Walsin (Nanjing) Property Development Co., Ltd., Director
8. Address in mainland China:
9F, T6 Office Building, Walsin City, No. 258, Jiangdong Middle Road, Jianye District, Nanjing, Jiangsu Province, China
9. Business scope of the business in mainland China:
Walsin (Nanjing) Property Development Co., Ltd.: Commercial real estate
10. Impact on the company's financial and business operations: None
11. Investment amount and shareholding ratio in the mainland Chinese business: None
12. Other matters: None
FAQ
Why is non-compete clause applicable for directors?
It is to protect the company's interest by preventing directors from engaging in business activities that directly compete with the company.
How can a non-compete clause be waived?
It can be waived through a resolution at the Shareholders' Meeting (General Meeting) for specific activities.