[Far EasTone] Announcement of Shareholder Meeting Resolution to Waive Non-Compete Restrictions for Directors
Far EasTone Telecommunications announced that the shareholders' meeting on May 20 approved the waiver of non-compete restrictions for director Chee Ching and independent director Li Da-song, allowing them to hold concurrent positions in similar businesses during their tenure.
📋 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 08:45 (45 min after Collected)
1. Date of Resolution: May 20, 115 (Republic of China Calendar).
2. Names and Titles of Directors Authorized to Engage in Competitive Behavior:
- Director: Chee Ching (Chairperson and GM of Far Eastern Info Service (Holding) Ltd., Chairperson of ZenFone, Chairperson of Sun-Sky Energy, Chairperson of Nextlink Technology, Chairperson of FriDay Digital, Chairperson of Far Eastern Original, Chairperson of Fu-Hong Network, Chairperson of SimpLink, Director and GM of NCIC, Director of Far Eastern Department Store, Director of Pacific SOGO, Director of Ding Ding Marketing, Director of ETC, Director of Far Eastern Electronic Toll Collection, GM of Far EasTone Telecommunications).
- Independent Director: Li Da-song (Independent Director of Artery Technology (Cayman), Director of Junsys Technology).
3. Scope of Competitive Behavior Authorized: Companies with the same or similar business scope as the company.
4. Duration of Authorization: During the tenure as a director or independent director of the company.
5. Resolution Outcome (per Article 209 of the Company Act): At the regular shareholders' meeting on May 20, 115, attended by shareholders representing more than two-thirds of total issued shares, the waiver was approved by more than half of the voting rights present.
6-11. Mainland China Business: Not applicable.
12. Other: None.
2. Names and Titles of Directors Authorized to Engage in Competitive Behavior:
- Director: Chee Ching (Chairperson and GM of Far Eastern Info Service (Holding) Ltd., Chairperson of ZenFone, Chairperson of Sun-Sky Energy, Chairperson of Nextlink Technology, Chairperson of FriDay Digital, Chairperson of Far Eastern Original, Chairperson of Fu-Hong Network, Chairperson of SimpLink, Director and GM of NCIC, Director of Far Eastern Department Store, Director of Pacific SOGO, Director of Ding Ding Marketing, Director of ETC, Director of Far Eastern Electronic Toll Collection, GM of Far EasTone Telecommunications).
- Independent Director: Li Da-song (Independent Director of Artery Technology (Cayman), Director of Junsys Technology).
3. Scope of Competitive Behavior Authorized: Companies with the same or similar business scope as the company.
4. Duration of Authorization: During the tenure as a director or independent director of the company.
5. Resolution Outcome (per Article 209 of the Company Act): At the regular shareholders' meeting on May 20, 115, attended by shareholders representing more than two-thirds of total issued shares, the waiver was approved by more than half of the voting rights present.
6-11. Mainland China Business: Not applicable.
12. Other: None.
FAQ
What is a non-compete restriction?
A legal restriction preventing directors from engaging in competitive business activities that could harm the company.
Why is a waiver necessary?
It is necessary to facilitate concurrent service in group subsidiaries and improve management efficiency.
Who grants the permission?
Under the Company Act, it generally requires approval from the shareholders' meeting.