Foxtron (2258) Approves Waiver of Non-Compete for Directors at Shareholders' Meeting
Foxtron approved the waiver of non-compete obligations for four directors at its May 22, 2026, shareholders' meeting, allowing them to continue holding concurrent positions in related businesses in China.
📋 Article Processing Timeline
- 📰 Published: May 23, 2026 at 06:31
- 🔍 Collected: May 23, 2026 at 06:31 (0 min after Published)
- 🤖 AI Analyzed: May 23, 2026 at 07:45 (1h 13m after Collected)
Announcement Date: May 22, 2026
Company Name: Foxtron (2258)
Subject: Approval of the waiver of non-compete obligations for directors at the 2026 Annual General Meeting of Shareholders.
Details:
1. Date of resolution: May 22, 2026
2. Directors granted the waiver:
Lee Ping-Yen, Hsu Kuo-Hsing, Huang Ying-Shih, Hsiao Hsing-Chin
3. Scope: Businesses same as or similar to the company's scope of operation.
4. Period: During the term of their directorship.
5. Voting result: Approved with 1,603,929,386 votes in favor (99.09% of present voting rights).
6. Concurrent positions in China-based operations:
(1) Director Huang Ying-Shih: Chairman of Hongqi Mechatronics (Anhui) Co., Ltd.; Chairman of FIH Mobile Limited.
(2) Director Hsu Kuo-Hsing: Chairman of Yulon Motor Investment (HK) Co., Ltd.; Chairman of Yulon (China) Motor Investment Co., Ltd.
The company assesses that this decision has no material impact on its financial or business operations.
Company Name: Foxtron (2258)
Subject: Approval of the waiver of non-compete obligations for directors at the 2026 Annual General Meeting of Shareholders.
Details:
1. Date of resolution: May 22, 2026
2. Directors granted the waiver:
Lee Ping-Yen, Hsu Kuo-Hsing, Huang Ying-Shih, Hsiao Hsing-Chin
3. Scope: Businesses same as or similar to the company's scope of operation.
4. Period: During the term of their directorship.
5. Voting result: Approved with 1,603,929,386 votes in favor (99.09% of present voting rights).
6. Concurrent positions in China-based operations:
(1) Director Huang Ying-Shih: Chairman of Hongqi Mechatronics (Anhui) Co., Ltd.; Chairman of FIH Mobile Limited.
(2) Director Hsu Kuo-Hsing: Chairman of Yulon Motor Investment (HK) Co., Ltd.; Chairman of Yulon (China) Motor Investment Co., Ltd.
The company assesses that this decision has no material impact on its financial or business operations.
FAQ
What is Foxtron?
It is an advanced technology company focused on electric vehicle (EV) development, part of the Foxconn Group.
Why is the waiver of non-compete required?
It is a required legal procedure for directors to hold concurrent positions in other group companies.
What was the voting result?
The proposal was approved with 99.09% of the voting rights present.