[Flytech] Announcement of shareholder resolution to lift non-compete restrictions for directors
Flytech Technology's shareholders approved the lifting of non-compete restrictions for director Lin Da-cheng. Lin serves as a director at Feimao Electronics (Dongguan) Co., Ltd. The resolution, pursuant to Article 209 of the Company Act, allows him to engage in business within the company's scope. There is no impact on the company's operations.
📋 Article Processing Timeline
- 📰 Published: May 27, 2026 at 09:00
- 🔍 Collected: May 28, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 31, 2026 at 19:01 (83h 1m after Collected)
1. Date of resolution: 2026/05/27. 2. Director: Lin Da-cheng. 3. Scope: Business within the company's scope. 4. Duration: During his tenure as director. 5. Resolution status: Passed by more than two-thirds of the voting rights of shareholders present, representing a majority of issued shares. 6. Mainland China business: Director of Feimao Electronics (Dongguan) Co., Ltd. 10. Impact: None.
FAQ
What does lifting non-compete restrictions mean?
It allows a director to hold a position in a competing company with shareholder approval.