[Far Eastern Department Stores] Announcement Regarding the Lifting of Non-Competition Restrictions for Directors of Subsidiary Pacific Distribution Investment Co., Ltd.
Key facts
- [Far Eastern Department Stores] Announcement Regarding the Lifting of Non-Competition Restrictions for Directors of Subsidiary Pacific Distribution Investment Co., Ltd.
- Pacific Distribution Investment, an affiliate of Far Eastern Department Stores, has approved the lifting of non-competition restrictions for its directors. This allows directors Mr. Hsu, Mr. Lo, and Mr. Yang to engage in competitive business activities during their tenure. The move aims to broaden directors' scope of activities and maximize business opportunities.
- Source: PR Times
- Date: June 9, 2026
Direct answer
Pacific Distribution Investment, an affiliate of Far Eastern Department Stores, has approved the lifting of non-competition restrictions for its directors. This allows directors Mr. Hsu, Mr. Lo, and Mr. Yang to engage in competitive business activities during their tenure. The move aims to broaden directors' scope of activities and maximize business opportunities.
- Citation
- [Far Eastern Department Stores] Announcement Regarding the Lifting of Non-Competition Restrictions for Directors of Subsidiary Pacific Distribution Investment Co., Ltd. (June 9, 2026), PR Times
- Source
- PR Times
- Date
- June 9, 2026
Pacific Distribution Investment, an affiliate of Far Eastern Department Stores, has approved the lifting of non-competition restrictions for its directors. This allows directors Mr. Hsu, Mr. Lo, and Mr. Yang to engage in competitive business activities during their tenure. The move aims to broaden directors' scope of activities and maximize business opportunities.
📋 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, Hsu-Tung / Director
(2) Lo, Shih-Ching / Director
(3) Yang, Cheng-Hsien / Director
3. Scope of permitted competitive activities: Companies with business items identical or similar to those registered by our company.
4. Period for which competitive activities are permitted: During the tenure of their directorship with our company.
5. Resolution details (Please explain the voting result in accordance with Article 209 of the Company Act): In accordance with Article 209 of the Company Act, the resolution was unanimously approved by all shareholders without objection.
6. Names and positions of directors whose permitted competitive activities involve businesses in Mainland China (For businesses not in Mainland China, please enter 'Not Applicable'):
(1) Director Lo, Shih-Ching
(2) Director Yang, Cheng-Hsien
7. Names and positions of Mainland China businesses held by the directors:
(1) Director Lo, Shih-Ching
(1) Director and General Manager, Pacific China Holdings (Hong Kong) Limited
(2) Director and General Manager, Far East China Holdings Limited
(2) Director Yang, Cheng-Hsien
(1) Director, Pacific China Holdings (Hong Kong) Limited
(2) Director, Pacific China Investment Co., Ltd.
8. Addresses of Mainland China businesses held by the directors:
(1) Pacific China Holdings (Hong Kong) Limited - 2503 Bank of America Tower, 12 Harcourt Road, Central, Hong Kong
(2) Far East China Holdings Limited - 11/F, Lippo Leighton Tower, 103 Leighton Road, Causeway Bay, Hong Kong
(3) Pacific China Investment Co., Ltd. - Area A, 5th Floor, No. 28, Bailianjing Road, China (Shanghai) Pilot Free Trade Zone
9. Business scope of Mainland China businesses held by the directors: General investment.
10. Impact on our company's financial and business operations: The aforementioned companies are investee companies of our company, and their investment gains and losses are recognized in accordance with regulations.
11. If directors have investments in Mainland China businesses, investment amounts and shareholding ratios: Not Applicable.
12. Other matters to be noted: None.
FAQ
What does the lifting of non-competition restrictions for directors specifically mean?
It means that involvement in businesses identical or similar to the company's, which was previously prohibited, is now permitted during their tenure.
How does this decision impact the overall strategy of the Far Eastern Department Stores group?
It is expected to facilitate greater utilization of directors' expertise and networks, potentially leading to business expansion and pursuit of new investment opportunities, especially in markets like China.
What is the scope of businesses for which competition is permitted?
It is limited to businesses that are identical or similar to the registered business activities of the Far Eastern Department Stores group.
Are there any risks associated with this decision?
Potential risks include conflicts of interest between directors and the company, as well as regulatory risks specific to the Chinese market.
What should we look out for in the future?
Attention will be focused on the specific competitive activities undertaken by the directors and how they contribute to the group's performance.