Jiawei (3557) Resolves to Waive Non-Compete Restrictions for Independent Director at Shareholder Meeting
During its shareholder meeting on May 19, 2025, Jiawei approved the waiver of non-compete restrictions for Independent Director Chen Weizhi.
📋 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 07:26 (55 min after Collected)
Report Date: May 20, 2025 (115/05/20)
Announcement Date: May 19, 2025 (115/05/19)
Announcement Time: 15:36:48
Company Code: 3557
Company Name: Jiawei
Subject: Announcement of the resolution of the 2025 Regular Shareholders' Meeting regarding the lifting of non-compete restrictions for directors and their representatives.
1. Date of Shareholders' Meeting Resolution: 2025/05/19
2. Name and Title of Director Permitted to Engage in Competing Business: Independent Director Chen Weizhi
3. Items for which Competing Business is Permitted: Investing in other companies with business scopes identical or similar to the company and acting as a director thereof.
4. Duration of Permission for Competing Business: From the date of assuming the position of director or manager in said competing company.
5. Resolution Status (Voting results explanation according to Article 209 of the Company Act): Shareholders representing more than half of the total issued shares were present, and the lifting of the non-compete restriction for the aforementioned director was approved by a majority of at least two-thirds of the voting rights of the shareholders present.
6. Whether the permitted competing business is in the Mainland China area: Not applicable.
7. Other matters to be specified: None.
Announcement Date: May 19, 2025 (115/05/19)
Announcement Time: 15:36:48
Company Code: 3557
Company Name: Jiawei
Subject: Announcement of the resolution of the 2025 Regular Shareholders' Meeting regarding the lifting of non-compete restrictions for directors and their representatives.
1. Date of Shareholders' Meeting Resolution: 2025/05/19
2. Name and Title of Director Permitted to Engage in Competing Business: Independent Director Chen Weizhi
3. Items for which Competing Business is Permitted: Investing in other companies with business scopes identical or similar to the company and acting as a director thereof.
4. Duration of Permission for Competing Business: From the date of assuming the position of director or manager in said competing company.
5. Resolution Status (Voting results explanation according to Article 209 of the Company Act): Shareholders representing more than half of the total issued shares were present, and the lifting of the non-compete restriction for the aforementioned director was approved by a majority of at least two-thirds of the voting rights of the shareholders present.
6. Whether the permitted competing business is in the Mainland China area: Not applicable.
7. Other matters to be specified: None.
FAQ
What is Jiawei's non-compete waiver?
It is a permission granted by shareholders for an independent director to perform similar business functions at other companies.
What is the legal basis for this?
It is based on Article 209 of the Taiwan Company Act, required when a director engages in business that conflicts with the company's scope.
What is the impact of this resolution?
Ms. Chen Weizhi can legally hold concurrent positions in other firms, allowing for the application of her expertise.