[Far Eastern Dept.] Announcement of the Lifting of Non-Compete Restrictions for Directors by Subsidiary Pacific Sogo Department Stores Co., Ltd.
Key facts
- [Far Eastern Dept.] Announcement of the Lifting of Non-Compete Restrictions for Directors by Subsidiary Pacific Sogo Department Stores Co., Ltd.
- Far Eastern Department Stores (Far Eastern Dept.) announced that its subsidiary, Pacific Sogo Department Stores Co., Ltd., passed a resolution at its shareholders' meeting to lift the non-compete restrictions for four directors: Mr. Hsu Shu-tung, Ms. Huang Ching-wen, Ms. Ching井, and Mr. Tsai Min-hsiung. This lifting allows them to engage in business activities with companies that have the same or similar business scope as Pacific Sogo Department Stores during their tenure as directors. The resolution was approved unanimously in accordance with Article 209 of the Company Act. The announcement states that this measure will have no impact on Far Eastern Dept.'s financial or business operations.
- Source: PR Times
- Date: June 9, 2026
Direct answer
Far Eastern Department Stores (Far Eastern Dept.) announced that its subsidiary, Pacific Sogo Department Stores Co., Ltd., passed a resolution at its shareholders' meeting to lift the non-compete restrictions for four directors: Mr. Hsu Shu-tung, Ms. Huang Ching-wen, Ms. Ching井, and Mr. Tsai Min-hsiung. This lifting allows them to engage in business activities with companies that have the same or similar business scope as Pacific Sogo Department Stores during their tenure as directors. The resolution was approved unanimously in accordance with Article 209 of the Company Act. The announcement states that this measure will have no impact on Far Eastern Dept.'s financial or business operations.
- Citation
- [Far Eastern Dept.] Announcement of the Lifting of Non-Compete Restrictions for Directors by Subsidiary Pacific Sogo Department Stores Co., Ltd. (June 9, 2026), PR Times
- Source
- PR Times
- Date
- June 9, 2026
Far Eastern Department Stores (Far Eastern Dept.) announced that its subsidiary, Pacific Sogo Department Stores Co., Ltd., passed a resolution at its shareholders' meeting to lift the non-compete restrictions for four directors: Mr. Hsu Shu-tung, Ms. Huang Ching-wen, Ms. Ching井, and Mr. Tsai Min-hsiung. This lifting allows them to engage in business activities with companies that have the same or similar business scope as Pacific Sogo Department Stores during their tenure as directors. The resolution was approved unanimously in accordance with Article 209 of the Company Act. The announcement states that this measure will have no impact on Far Eastern Dept.'s financial or business operations.
📋 Article Processing Timeline
- 📰 Published: June 9, 2026 at 09:00
- 🔍 Collected: June 10, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: June 12, 2026 at 17:53 (57h 53m after Collected)
2. Names and positions of directors permitted to engage in competitive activities:
(1) Hsu Shu-tung / Director
(2) Huang Ching-wen / Director
(3) Ching井 / Director
(4) Tsai Min-hsiung / Director
3. Scope of permitted competitive activities: Companies with the same or similar registered business items as our company.
4. Duration of permitted competitive activities: During the term of office as a director of our company.
5. Resolution details (Please explain the voting results in accordance with Article 209 of the Company Act): In accordance with the provisions of Article 209 of the Company Act, the resolution was unanimously approved as proposed by all shareholders without objection.
6. Names and positions of directors if the permitted competitive business is operated by a mainland China enterprise (If not a mainland China enterprise, please enter 'Not Applicable' below): Not Applicable.
7. Name and position of the mainland China enterprise served: Not Applicable.
8. Address of the mainland China enterprise served: Not Applicable.
9. Business items of the mainland China enterprise served: Not Applicable.
10. Degree of impact on our company's financial and business operations: None.
11. If directors have investments in mainland China enterprises, their investment amount and shareholding ratio: Not Applicable.
12. Other matters that need to be stated: None.
Keywords: Material Information
FAQ
Why were the non-compete obligations for Pacific Sogo Department Stores' directors lifted?
The lifting was approved unanimously at a shareholders' meeting, based on Article 209 of the Company Act.
Who are the directors whose non-compete obligations have been lifted?
The four directors are Hsu Shu-tung, Huang Ching-wen, Ching井, and Tsai Min-hsiung.
What kind of business activities are permitted under the lifted non-compete clause?
Competition is permitted in companies with the same or similar business scope as Pacific Sogo Department Stores.
What is the impact of this non-compete waiver on Far Eastern Department Stores' finances and operations?
According to the announcement, the waiver is stated to have no impact on Far Eastern Department Stores' financial or business operations.
When was this decision made?
The resolution date of the shareholders' meeting was June 9, 2026 (ROC Year 115).