CTBC Holding: Subsidiary CTBC Securities Announces Lifting of Non-Compete Restriction for Director
CTBC Securities, a subsidiary of CTBC Holding (2891), has approved the lifting of the non-compete restriction for its director, Chang Ming-chieh, following a board resolution. Chang will serve concurrently as the Chief Economist at FountainVest investment bank.
📋 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 07:36 (1h 4m after Collected)
Publication Date: 2026-05-20
Reporting Date: 2026-05-19
Reporting Time: 14:58:13
Company Code: 2891
Company Name: CTBC Holding
Subject: Announcement regarding the lifting of non-compete restrictions for a director of the subsidiary, CTBC Securities Co., Ltd.
1. Date of Board resolution: May 19, 2026
2. Name and title of the manager permitted to engage in competitive behavior: Chang Ming-chieh (Director)
3. Item of competitive behavior permitted: Appointment as Chief Economist at FountainVest investment bank
4. Duration of competitive behavior permitted: During the period of tenure as a Director at CTBC Securities Co., Ltd.
5. Resolution details (explanation of voting results based on Article 32 of the Company Act): Approved by the consent of all directors (with the director in question recusing themselves).
6. Name and title of the manager if the competitive behavior belongs to a business in the Mainland China region (if not, please state 'Not applicable'): Not applicable
7. Company name and title at the Mainland China business: Not applicable
8. Address of the Mainland China business: Not applicable
9. Business items of the Mainland China business: Not applicable
10. Degree of influence on the Company's financial and business performance: Not applicable
11. Amount and shareholding ratio if the manager has invested in the Mainland China business: Not applicable
12. Other matters: None
Reporting Date: 2026-05-19
Reporting Time: 14:58:13
Company Code: 2891
Company Name: CTBC Holding
Subject: Announcement regarding the lifting of non-compete restrictions for a director of the subsidiary, CTBC Securities Co., Ltd.
1. Date of Board resolution: May 19, 2026
2. Name and title of the manager permitted to engage in competitive behavior: Chang Ming-chieh (Director)
3. Item of competitive behavior permitted: Appointment as Chief Economist at FountainVest investment bank
4. Duration of competitive behavior permitted: During the period of tenure as a Director at CTBC Securities Co., Ltd.
5. Resolution details (explanation of voting results based on Article 32 of the Company Act): Approved by the consent of all directors (with the director in question recusing themselves).
6. Name and title of the manager if the competitive behavior belongs to a business in the Mainland China region (if not, please state 'Not applicable'): Not applicable
7. Company name and title at the Mainland China business: Not applicable
8. Address of the Mainland China business: Not applicable
9. Business items of the Mainland China business: Not applicable
10. Degree of influence on the Company's financial and business performance: Not applicable
11. Amount and shareholding ratio if the manager has invested in the Mainland China business: Not applicable
12. Other matters: None
FAQ
How does CTBC decide on the lifting of non-compete clauses?
Decisions are made by the Board of Directors, requiring unanimous consent excluding the director in question, ensuring high compliance standards.
What happens when a non-compete clause is lifted?
The director is officially authorized to hold a concurrent position at the specified competitive entity.
Which role was Mr. Chang Ming-chieh authorized to hold concurrently?
He was authorized to serve as the Chief Economist at FountainVest investment bank.