8940 Shin Tien Chien: Resolution on Non-Compete Waiver for Directors
Shin Tien Chien approved the waiver of non-compete restrictions for its directors at the 2026 AGM.
📋 Article Processing Timeline
- 📰 Published: May 23, 2026 at 06:31
- 🔍 Collected: May 23, 2026 at 06:31 (0 min after Published)
- 🤖 AI Analyzed: May 31, 2026 at 21:03 (206h 31m after Collected)
On May 22, 2026, Shin Tien Chien (8940) held its annual general meeting and approved the resolution to waive non-compete restrictions for directors Ou Zheng-Hong and Ou Yang-Wei. They are permitted to engage in businesses similar to the company's scope during their tenure. This does not apply to businesses in mainland China, and the company reports no material impact on its financial or business operations.
FAQ
Why is non-compete waiver necessary?
To mitigate legal risks when directors hold concurrent positions in other companies.