Mega Financial: Resolution on Lifting Non-Compete Restrictions for Manager
Mega Financial (2886) announced on May 19, 2025, that its board approved the lifting of non-compete restrictions for Chief Secretary Lin Pei-jung, allowing her to hold concurrent positions.
📋 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 07:09 (38 min after Collected)
Announcement Date: 2025/05/19
Company Code: 2886
Company Name: Mega Financial
Subject: Resolution on lifting the non-compete restriction for the company's manager.
Clause: Article 21
Date of Occurrence: 2025/05/19
Explanation:
1. Date of Board Resolution: 2025/05/19
2. Name and Title of Manager Permitted to Engage in Competitive Activities: Lin Pei-jung, Chief Secretary
3. Scope of Permitted Competitive Activities: Permitted to concurrently serve in other profit-seeking enterprises or companies with the same or similar scope of business as the company.
4. Duration of Permitted Competitive Activities: During the tenure as the company's manager.
5. Resolution Circumstances: Interested parties recused themselves in accordance with regulations; the motion was passed without objection by all attending directors.
6. Mainland China Business: Not applicable.
7. Name and Title of Mainland China Business: Not applicable.
8. Address of Mainland China Business: Not applicable.
9. Scope of Business of Mainland China Business: Not applicable.
10. Impact on Company's Financials/Operations: Not applicable.
11. Investment and Shareholding in Mainland China Business: Not applicable.
12. Other Information: None.
Company Code: 2886
Company Name: Mega Financial
Subject: Resolution on lifting the non-compete restriction for the company's manager.
Clause: Article 21
Date of Occurrence: 2025/05/19
Explanation:
1. Date of Board Resolution: 2025/05/19
2. Name and Title of Manager Permitted to Engage in Competitive Activities: Lin Pei-jung, Chief Secretary
3. Scope of Permitted Competitive Activities: Permitted to concurrently serve in other profit-seeking enterprises or companies with the same or similar scope of business as the company.
4. Duration of Permitted Competitive Activities: During the tenure as the company's manager.
5. Resolution Circumstances: Interested parties recused themselves in accordance with regulations; the motion was passed without objection by all attending directors.
6. Mainland China Business: Not applicable.
7. Name and Title of Mainland China Business: Not applicable.
8. Address of Mainland China Business: Not applicable.
9. Scope of Business of Mainland China Business: Not applicable.
10. Impact on Company's Financials/Operations: Not applicable.
11. Investment and Shareholding in Mainland China Business: Not applicable.
12. Other Information: None.
FAQ
What does this announcement mean for Mega Financial?
It is a formal administrative procedure authorized by the board to allow an executive to hold concurrent positions.
What is the lifting of a non-compete restriction?
It grants official permission for an executive to serve in roles that might otherwise be prohibited due to competition.
Does this impact Mega Financial's financial performance?
Such personnel procedures are generally considered routine corporate governance and not direct drivers of financial performance.