2851 Central Reinsurance: Lifting of Non-Compete Restrictions for Director Approved
Central Reinsurance announced that its 2026 annual general meeting approved the lifting of non-compete restrictions for newly appointed director Dai Jin-chuan (representative of Xiangli Investment), allowing him to serve as a director of Evergreen Insurance.
📋 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 20:23 (133h 51m after Collected)
Central Reinsurance announced that its 2026 annual general meeting resolved to lift the non-compete restrictions for the newly appointed director and the legal entity they represent. The permitted non-compete activity is serving as a director of Evergreen Insurance Company Ltd. The duration of this authorization is for the current term of the board (from May 25, 2026, to May 24, 2029). This resolution was passed by the shareholders' meeting in accordance with Article 209 of the Company Act. There is no impact on the company's financial or business operations.
FAQ
What is the lifting of non-compete restrictions?
It is a shareholder approval process that allows a director to hold a concurrent position in another company without violating non-compete obligations.