7722 LINEPAY: Announcement on Lifting Non-Compete Restrictions for New Directors
LINEPAY approved the lifting of non-compete restrictions for new directors at its annual general meeting on May 26, 115. Seven directors, including Ding Xiong-zhu, were granted the waiver with a 99.63% approval rate.
📋 Article Processing Timeline
- 📰 Published: May 27, 2026 at 06:31
- 🔍 Collected: May 27, 2026 at 06:31 (0 min after Published)
- 🤖 AI Analyzed: May 31, 2026 at 19:38 (109h 7m after Collected)
1. Date of shareholders' meeting resolution: 115/05/26. 2. Names and titles of directors permitted to engage in competitive behavior: (1) Director: Ding Xiong-zhu (Representative of LINE Financial Corporation), (2) Director: Kwon Oh-hyun (Representative of LINE Financial Corporation), (3) Director: Chen Hong-ru (Representative of Taipei Fubon Commercial Bank), (4) Independent Director: Peng Yun, (5) Independent Director: Liu Cheng-yu, (6) Independent Director: Lin Gui-guang, (7) Independent Director: Lu Zi-jun. 3. Items permitted: In accordance with Article 209, Paragraph 1 of the Company Act, directors may engage in activities within the scope of the company's business for themselves or others. 4. Period of permission: During the term of office as a director (including independent director). 5. Resolution status: Total voting rights present: 53,574,478; For: 53,376,541 (99.63%); Against: 111,578 (0.20%); Abstain/No vote: 86,359 (0.16%).
FAQ
What does lifting non-compete mean?
It allows directors to engage in similar business activities at other companies.