Gemtek Shareholders Approve Lifting of Non-Compete Clause for Chairman
Gemtek (4906) approved the lifting of the non-compete clause for Chairman Chen Hong-wen at its shareholders' meeting on May 25, 2026 (115).
📋 Article Processing Timeline
- 📰 Published: May 26, 2026 at 06:31
- 🔍 Collected: May 26, 2026 at 06:31 (0 min after Published)
- 🤖 AI Analyzed: May 26, 2026 at 07:37 (1h 5m after Collected)
Announcement Date: May 25, 2026
Company Code: 4906
Company Name: Gemtek
Subject: 115th Ordinary Shareholders' Meeting approved the lifting of non-compete clause for director
1. Resolution Date: May 25, 2026
2. Director Name and Position: Chen Hong-wen / Chairman, Gemtek Technology Corp.
3. Scope of Permission: Companies with the same or similar business scope as Gemtek.
4. Duration: During the tenure as a director.
5. Resolution Status: Total voting rights present 237,687,616 shares; For 208,670,868 shares (87.79%); Against 1,702,321 shares; Invalid 0; Abstain 27,314,427 shares.
6. Mainland China business: Not applicable.
7-9. Details: Not applicable.
10. Financial Impact: None.
11. Investment: None.
12. Other: None.
Company Code: 4906
Company Name: Gemtek
Subject: 115th Ordinary Shareholders' Meeting approved the lifting of non-compete clause for director
1. Resolution Date: May 25, 2026
2. Director Name and Position: Chen Hong-wen / Chairman, Gemtek Technology Corp.
3. Scope of Permission: Companies with the same or similar business scope as Gemtek.
4. Duration: During the tenure as a director.
5. Resolution Status: Total voting rights present 237,687,616 shares; For 208,670,868 shares (87.79%); Against 1,702,321 shares; Invalid 0; Abstain 27,314,427 shares.
6. Mainland China business: Not applicable.
7-9. Details: Not applicable.
10. Financial Impact: None.
11. Investment: None.
12. Other: None.
FAQ
What is the non-compete lifting at Gemtek?
It allows a director to participate in similar businesses during their tenure.
Why is this necessary?
To mitigate legal risks when directors are involved in related business ventures.
Does it impact shareholders?
The company stated there is no impact on its finances or operations.