[Farglory Hotel] Announcement regarding the resolution to waive non-compete restrictions for new directors and their representatives
Farglory Hotel's shareholder meeting approved a resolution to waive non-compete restrictions for new directors and their representatives. The approval covers individuals including group executives and independent directors, allowing them to hold concurrent positions 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 09:04 (1h 4m after Collected)
1. Date of Shareholders' Meeting: 115/05/20
2. Names and titles of directors permitted to engage in competitive conduct:
(1) Farglory International Investment Co., Ltd.
(2) Farglory International Investment Co., Ltd. Juristic Person Representative: Director Wu Hsiang-sheng
(3) Farglory International Investment Co., Ltd. Juristic Person Representative: Director Jao Ming-chang
(4) Far Eastern Construction Enterprise Co., Ltd.
(5) Far Eastern Construction Enterprise Co., Ltd. Juristic Person Representative: Director Chen Mei-ling
(6) Far Eastern Construction Enterprise Co., Ltd. Juristic Person Representative: Director Liu Ming-fang
(7) Independent Director Su Cheng-tien
(8) Independent Director Chou Yin-chung
3. Items of permitted competitive conduct: Companies with business scopes identical or similar to the Company.
4. Duration of permission: During the tenure as a director of the Company.
5. Status of resolution (Voting results pursuant to Article 209 of the Company Act): Passed by voting as proposed.
6. Names and titles of directors if the permitted competitive conduct involves operations in Mainland China (if not applicable, please state "N/A"): N/A
7. Company name and title in the Mainland China operations: N/A
8. Address of the Mainland China operations: N/A
9. Business scope of the Mainland China operations: N/A
10. Impact on the Company's financial or business operations: N/A
11. Investment amount and shareholding ratio if the director has invested in the Mainland China operations: N/A
12. Other matters to be disclosed: None.
2. Names and titles of directors permitted to engage in competitive conduct:
(1) Farglory International Investment Co., Ltd.
(2) Farglory International Investment Co., Ltd. Juristic Person Representative: Director Wu Hsiang-sheng
(3) Farglory International Investment Co., Ltd. Juristic Person Representative: Director Jao Ming-chang
(4) Far Eastern Construction Enterprise Co., Ltd.
(5) Far Eastern Construction Enterprise Co., Ltd. Juristic Person Representative: Director Chen Mei-ling
(6) Far Eastern Construction Enterprise Co., Ltd. Juristic Person Representative: Director Liu Ming-fang
(7) Independent Director Su Cheng-tien
(8) Independent Director Chou Yin-chung
3. Items of permitted competitive conduct: Companies with business scopes identical or similar to the Company.
4. Duration of permission: During the tenure as a director of the Company.
5. Status of resolution (Voting results pursuant to Article 209 of the Company Act): Passed by voting as proposed.
6. Names and titles of directors if the permitted competitive conduct involves operations in Mainland China (if not applicable, please state "N/A"): N/A
7. Company name and title in the Mainland China operations: N/A
8. Address of the Mainland China operations: N/A
9. Business scope of the Mainland China operations: N/A
10. Impact on the Company's financial or business operations: N/A
11. Investment amount and shareholding ratio if the director has invested in the Mainland China operations: N/A
12. Other matters to be disclosed: None.
FAQ
What is a waiver of non-compete restrictions for directors?
It is a procedure where shareholders approve a director to hold concurrent positions in other companies with similar business activities.
Why is this procedure necessary?
It ensures that directors can operate efficiently across a corporate group without facing legal challenges regarding potential conflicts of interest.
Does this have any impact?
It promotes integrated group management and efficient decision-making, though strong internal oversight is required.