Uni-President Organic (1232) Approves Waiver of Non-Compete Clauses for Directors at AGM
Uni-President Organic approved the waiver of non-compete clauses for eight directors, including Lo Chih-hsien, at its annual shareholders' meeting. This move facilitates dual appointments across group companies, including operations in mainland China.
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- 📰 Published: May 23, 2026 at 06:31
- 🔍 Collected: May 23, 2026 at 06:31 (0 min after Published)
- 🤖 AI Analyzed: May 23, 2026 at 08:39 (2h 8m after Collected)
Announcement Date: May 23, 2025
Statement Date: May 22, 2025
Company Name: Uni-President Organic (1232)
Subject: Notice of AGM Resolution to Waive Non-Compete Restrictions for Directors
1. Date of Shareholders' Meeting: May 22, 2025
2. Directors Granted Waiver:
- Lo Chih-hsien (Representative of Uni-President)
- Wu Liang-feng (Representative of Uni-President)
- Li Ching-tien (Representative of Uni-President)
- Chen Chao-liang (Representative of Uni-President)
- Chang Li-hsun (Representative of Uni-President)
- Chen Yi-tu (Representative of Tai-Hwa Oil Industrial)
- Chen Yi-tsung (Representative of Tai-Hwa Oil Industrial)
- Han Chia-yu (Representative of Great Wall Enterprise)
3. Scope of Permitted Non-Compete Activities: Business activities overlapping with the company's scope of operations.
4. Duration of Waiver: During the tenure as director of the company.
5. Resolution Status: Approved by shareholder vote in accordance with Article 209 of the Company Act.
6. Directors with Mainland China Operations: Lo Chih-hsien, Wu Liang-feng, Li Ching-tien.
7. Positions Held in Mainland China:
- Lo Chih-hsien: Chairman of Zhangjiagang Uni-President Food, and director of various subsidiaries including Uni-President (China) Investment and others.
- Wu Liang-feng: Chairman of Zhongshan Uni-President Enterprise and others, plus various director roles.
- Li Ching-tien: Director at Zhangjiagang Uni-President Food and other subsidiaries.
8. Addresses of Mainland Operations: Various locations in China, including Zhangjiagang, Shanghai, Guangzhou, and Fuzhou.
Statement Date: May 22, 2025
Company Name: Uni-President Organic (1232)
Subject: Notice of AGM Resolution to Waive Non-Compete Restrictions for Directors
1. Date of Shareholders' Meeting: May 22, 2025
2. Directors Granted Waiver:
- Lo Chih-hsien (Representative of Uni-President)
- Wu Liang-feng (Representative of Uni-President)
- Li Ching-tien (Representative of Uni-President)
- Chen Chao-liang (Representative of Uni-President)
- Chang Li-hsun (Representative of Uni-President)
- Chen Yi-tu (Representative of Tai-Hwa Oil Industrial)
- Chen Yi-tsung (Representative of Tai-Hwa Oil Industrial)
- Han Chia-yu (Representative of Great Wall Enterprise)
3. Scope of Permitted Non-Compete Activities: Business activities overlapping with the company's scope of operations.
4. Duration of Waiver: During the tenure as director of the company.
5. Resolution Status: Approved by shareholder vote in accordance with Article 209 of the Company Act.
6. Directors with Mainland China Operations: Lo Chih-hsien, Wu Liang-feng, Li Ching-tien.
7. Positions Held in Mainland China:
- Lo Chih-hsien: Chairman of Zhangjiagang Uni-President Food, and director of various subsidiaries including Uni-President (China) Investment and others.
- Wu Liang-feng: Chairman of Zhongshan Uni-President Enterprise and others, plus various director roles.
- Li Ching-tien: Director at Zhangjiagang Uni-President Food and other subsidiaries.
8. Addresses of Mainland Operations: Various locations in China, including Zhangjiagang, Shanghai, Guangzhou, and Fuzhou.
FAQ
Why were non-compete clauses waived for Uni-President Organic directors?
To allow them to legally and smoothly serve in concurrent roles within group-related businesses, including those in mainland China.
What scope of business activities is covered by this waiver?
It applies to business activities that overlap with the company's scope, effective during their tenure as directors.
What was the final decision-making body for this resolution?
The Annual General Meeting of Shareholders of Uni-President Organic, held on May 22, 2025.