2762 World Gym Taiwan: Resolution on Lifting Non-Compete Restrictions for Directors
World Gym Taiwan (2762) approved the lifting of non-compete restrictions for its newly elected directors at the 2026 annual general meeting.
📋 Article Processing Timeline
- 📰 Published: May 26, 2026 at 06:31
- 🔍 Collected: May 26, 2026 at 06:31 (0 min after Published)
- 🤖 AI Analyzed: May 31, 2026 at 20:13 (133h 41m after Collected)
On May 25, 2026, World Gym Taiwan (2762) held its annual general meeting and approved the lifting of non-compete restrictions for its 3rd term directors. The directors involved include John Caraccio (柯約翰), Michael A. Sancipria, Lionel de Saint-Exupery, Sanjay Sachdeva, Wu Zhong-Yi (吳忠懌), and independent directors Xiao Nai-Zhang (蕭乃彰), Chen Hui-Ming (陳慧銘), Lin Xin-Yin (林心印), and Zhang Zhi-Wei (張志偉). The authorization allows these directors to hold positions in companies with similar business scopes during their tenure. The resolution was passed in accordance with Article 209 of the Company Act. The company stated that this decision has no material impact on its financial or operational status, and it does not involve business operations in mainland China.
FAQ
What is non-compete restriction?
A provision preventing directors from engaging in businesses that compete with the company.