GCI (1563) Approves Removal of Non-Compete Restrictions for Directors at Shareholder Meeting
GCI approved the removal of non-compete restrictions for four directors during its annual general meeting on May 20, 2026.
📋 Article Processing Timeline
- 📰 Published: May 21, 2026 at 06:31
- 🔍 Collected: May 21, 2026 at 06:31 (0 min after Published)
- 🤖 AI Analyzed: May 21, 2026 at 06:34 (2 min after Collected)
Announcement Date: May 20, 2026
Stock Code: 1563
Company Name: GCI
Subject: Removal of non-compete restrictions for directors at the 2026 Annual General Meeting
Applicable Clause: Clause 21
Date of Event: May 20, 2026
Explanation:
1. Date of shareholder meeting resolution: May 20, 2026
2. Names and titles of directors permitted to engage in competitive behavior:
Director: Huang Tsung-jung
Director: Wei Lung-cheng
Independent Director: Cheng Ting-wang
Independent Director: Peng Tsung-ping
3. Items permitted for competitive behavior: Companies with the same or similar business scope as the Company
4. Period of permission: During the tenure as a director of the Company
5. Resolution status (pursuant to Article 209 of the Company Act): Passed as proposed
6. Application to business in the Mainland China region: Not applicable
7. Position held in Mainland China business: Not applicable
8. Address of Mainland China business: Not applicable
9. Business items of Mainland China business: Not applicable
10. Impact on financial/business operations: None
11. Investment amount and shareholding ratio in Mainland China business: Not applicable
12. Other notes: None
Stock Code: 1563
Company Name: GCI
Subject: Removal of non-compete restrictions for directors at the 2026 Annual General Meeting
Applicable Clause: Clause 21
Date of Event: May 20, 2026
Explanation:
1. Date of shareholder meeting resolution: May 20, 2026
2. Names and titles of directors permitted to engage in competitive behavior:
Director: Huang Tsung-jung
Director: Wei Lung-cheng
Independent Director: Cheng Ting-wang
Independent Director: Peng Tsung-ping
3. Items permitted for competitive behavior: Companies with the same or similar business scope as the Company
4. Period of permission: During the tenure as a director of the Company
5. Resolution status (pursuant to Article 209 of the Company Act): Passed as proposed
6. Application to business in the Mainland China region: Not applicable
7. Position held in Mainland China business: Not applicable
8. Address of Mainland China business: Not applicable
9. Business items of Mainland China business: Not applicable
10. Impact on financial/business operations: None
11. Investment amount and shareholding ratio in Mainland China business: Not applicable
12. Other notes: None
FAQ
What is the non-compete restriction lifting for GCI (1563)?
It allows specific directors to hold positions in competitor companies following a shareholder meeting resolution.
Will this impact performance?
The company stated that there is no impact on its financial condition or operations.
When was this decided?
It was approved during the annual general meeting held on May 20, 2026.