2845 Far Eastern International Bank: Announcement on Lifting Non-Compete Restrictions for New Director
Far Eastern International Bank announced that, following a shareholders' meeting resolution, the non-compete restrictions for new director Chou Tien-tsai (representative of Yu-Ding Industrial) have been lifted, allowing him to hold concurrent positions in similar businesses.
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- 📰 Published: May 23, 2026 at 06:31
- 🔍 Collected: May 23, 2026 at 06:31 (0 min after Published)
- 🤖 AI Analyzed: June 1, 2026 at 23:44 (233h 12m after Collected)
Far Eastern International Bank announced that the non-compete restrictions for its new director, Chou Tien-tsai (representative of Yu-Ding Industrial), were lifted following a resolution at the annual shareholders' meeting on May 22, 115. In accordance with Article 209 of the Company Act, the resolution was passed with the approval of at least two-thirds of the voting rights of the shareholders present. The permission allows the director to serve as a director or manager in companies with the same or similar business scope for the duration of his tenure at the bank. This decision has no impact on the bank's financial or business operations.
FAQ
What does lifting non-compete restrictions mean?
It is a procedure that allows a director to hold concurrent positions in competing companies.