Far EasTone Announces Important Resolutions from the 2026 Annual General Meeting of its Major Subsidiary, New Century InfoComm Co., Ltd.
Far EasTone's major subsidiary, New Century InfoComm, announced important resolutions from its shareholder meeting held on April 27, 2026. The 2025 earnings distribution plan and financial reports were approved, restrictions on directors' non-compete clauses were lifted, and Mr. Douglas Hsu was re-elected as chairman.
📋 Article Processing Timeline
- 📰 Published: April 27, 2026 at 09:00
- 🔍 Collected: April 28, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: April 28, 2026 at 09:03 (1h 3m after Collected)
1. Date of Annual General Meeting: 2026/04/27
2. Important Resolution One: Distribution of Earnings or Loss Compensation: Approved the earnings distribution plan for fiscal year 2025.
3. Important Resolution Two: Amendments to the Articles of Association: None.
4. Important Resolution Three: Business Report and Financial Statements: Approved the settlement statements for fiscal year 2025 (including the business report).
5. Important Resolution Four: Election of Directors and Supervisors: Not applicable.
6. Important Resolution Five: Other Matters: Lifted the restrictions on directors' non-compete clauses in accordance with Article 209 of the Company Act.
7. Other matters to be specified:
(1) As New Century InfoComm Co., Ltd. is a company organized by a single corporate shareholder, the board of directors exercises the powers of the shareholders' meeting in accordance with Article 128-1 of the Company Act.
(2) At the same board meeting, Mr. Douglas Hsu was unanimously re-elected as chairman.
2. Important Resolution One: Distribution of Earnings or Loss Compensation: Approved the earnings distribution plan for fiscal year 2025.
3. Important Resolution Two: Amendments to the Articles of Association: None.
4. Important Resolution Three: Business Report and Financial Statements: Approved the settlement statements for fiscal year 2025 (including the business report).
5. Important Resolution Four: Election of Directors and Supervisors: Not applicable.
6. Important Resolution Five: Other Matters: Lifted the restrictions on directors' non-compete clauses in accordance with Article 209 of the Company Act.
7. Other matters to be specified:
(1) As New Century InfoComm Co., Ltd. is a company organized by a single corporate shareholder, the board of directors exercises the powers of the shareholders' meeting in accordance with Article 128-1 of the Company Act.
(2) At the same board meeting, Mr. Douglas Hsu was unanimously re-elected as chairman.