Advantech-Innocore Approves Non-Compete Waiver for Portwell Director
Advantech-Innocore (8114) approved the waiver of non-compete restrictions for Portwell director Mr. Guo Jian-Cheng during its shareholder meeting. This allows him to hold concurrent executive positions within the Acer Group.
📋 Article Processing Timeline
- 📰 Published: May 20, 2026 at 06:31
- 🔍 Collected: May 20, 2026 at 06:31 (0 min after Published)
- 🤖 AI Analyzed: May 20, 2026 at 06:49 (17 min after Collected)
## Announcement: Waiver of Non-Compete Restriction for Director of Subsidiary Portwell Inc.
Advantech-Innocore Co., Ltd. announced that at the annual general meeting held on May 19, 2025, the resolution to waive non-compete restrictions for a director of its subsidiary, Portwell Inc., was approved.
### Details
- Approved for: Director, Representative of Advantech-Innocore Co., Ltd.: Guo Jian-Cheng
- Scope: Concurrent service as a director or manager of companies with similar or same business nature as the company.
- Duration: From today until the end of tenure.
- Vote Result: Approved by more than two-thirds of shareholders in attendance, with a majority vote from the attended shares.
### Concurrent Positions in Mainland China Entities
Mr. Guo Jian-Cheng holds the following concurrent positions in China-based entities:
1. Acer Computer (Shanghai) Co., Ltd. / Chairman
2. Acer (Chongqing) Co., Ltd. / Chairman
3. Acer Smart (Chongqing) Co., Ltd. / Chairman
4. Third Wave Software (Beijing) Co., Ltd. / Director
5. Acer Information (Zhongshan) Co., Ltd. / Director
There is no significant impact on the financial or operational status of Advantech-Innocore, and there are no relevant investment stakes to disclose.
Advantech-Innocore Co., Ltd. announced that at the annual general meeting held on May 19, 2025, the resolution to waive non-compete restrictions for a director of its subsidiary, Portwell Inc., was approved.
### Details
- Approved for: Director, Representative of Advantech-Innocore Co., Ltd.: Guo Jian-Cheng
- Scope: Concurrent service as a director or manager of companies with similar or same business nature as the company.
- Duration: From today until the end of tenure.
- Vote Result: Approved by more than two-thirds of shareholders in attendance, with a majority vote from the attended shares.
### Concurrent Positions in Mainland China Entities
Mr. Guo Jian-Cheng holds the following concurrent positions in China-based entities:
1. Acer Computer (Shanghai) Co., Ltd. / Chairman
2. Acer (Chongqing) Co., Ltd. / Chairman
3. Acer Smart (Chongqing) Co., Ltd. / Chairman
4. Third Wave Software (Beijing) Co., Ltd. / Director
5. Acer Information (Zhongshan) Co., Ltd. / Director
There is no significant impact on the financial or operational status of Advantech-Innocore, and there are no relevant investment stakes to disclose.
FAQ
Why did Advantech-Innocore waive the non-compete restriction for its director?
To promote efficient group-wide management and share leadership experience and resources between entities.
Where does Mr. Guo Jian-Cheng hold concurrent positions?
He serves as Chairman or Director at several Acer-related companies, including Acer Computer (Shanghai) and Acer (Chongqing).
Is this resolution legally binding?
Yes, it was formally approved by a majority vote at the shareholder meeting in accordance with Article 209 of the Company Act.