[APAQ] Shareholders' Meeting Approves Waiver of Non-Compete Obligations for New Directors
APAQ announced that the 2026 shareholders' meeting approved the waiver of non-compete obligations for seven new directors. The waiver covers concurrent positions held by directors such as Hsieh Ming-yen and Wu Yung-tsai in mainland China, with no material impact on the company's operations.
📋 Article Processing Timeline
- 📰 Published: May 29, 2026 at 09:00
- 🔍 Collected: May 30, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 31, 2026 at 17:31 (33h 30m after Collected)
1. Date of resolution: 2026/05/29
2. Names and titles of directors permitted to engage in competitive activities: (1) Director Cheng Tun-jen, (2) Director Hua Cheng Venture Capital (Rep: Hsu Hsien-yueh), (3) Director Hsieh Ming-yen, (4) Director Hsiao Hui-chu, (5) Independent Director Liu Chung-ming, (6) Independent Director Wu Yung-tsai, (7) Independent Director Yao Te-chang.
3. Scope: Engaging in business within the company's scope for themselves or others.
4. Duration: During the term of office.
5. Resolution status: Approved by the required quorum.
6. Directors involved in mainland China operations: Hsieh Ming-yen, Wu Yung-tsai.
7. Positions in mainland China: (Details provided for subsidiaries including Qingbang Electronics and Inventec subsidiaries).
8. Locations: Jiangsu, Shenzhen, Shanghai, Beijing.
9. Business scope in mainland China: Manufacturing/sales of electronic components, leasing, and computer products.
10. Financial impact: None.
11. Investment details: None.
12. Other: None.
2. Names and titles of directors permitted to engage in competitive activities: (1) Director Cheng Tun-jen, (2) Director Hua Cheng Venture Capital (Rep: Hsu Hsien-yueh), (3) Director Hsieh Ming-yen, (4) Director Hsiao Hui-chu, (5) Independent Director Liu Chung-ming, (6) Independent Director Wu Yung-tsai, (7) Independent Director Yao Te-chang.
3. Scope: Engaging in business within the company's scope for themselves or others.
4. Duration: During the term of office.
5. Resolution status: Approved by the required quorum.
6. Directors involved in mainland China operations: Hsieh Ming-yen, Wu Yung-tsai.
7. Positions in mainland China: (Details provided for subsidiaries including Qingbang Electronics and Inventec subsidiaries).
8. Locations: Jiangsu, Shenzhen, Shanghai, Beijing.
9. Business scope in mainland China: Manufacturing/sales of electronic components, leasing, and computer products.
10. Financial impact: None.
11. Investment details: None.
12. Other: None.
FAQ
How is non-compete handled under Taiwan's Company Act?
Under Article 209, directors may engage in competitive activities if approved by the shareholders' meeting.