Kuo Hua Announces Shareholders' Approval to Lift Directors' Non-Competition Restrictions
Key facts
- Kuo Hua Announces Shareholders' Approval to Lift Directors' Non-Competition Restrictions
- Kuo Hua (Stock Code: 1713) announced that its shareholders' meeting has approved the lifting of non-competition restrictions for certain directors, including the chairman, board members, and independent directors. The decision will have no financial or operational impact on the company.
- Source: PR Times
- Date: June 25, 2026
Direct answer
Kuo Hua (Stock Code: 1713) announced that its shareholders' meeting has approved the lifting of non-competition restrictions for certain directors, including the chairman, board members, and independent directors. The decision will have no financial or operational impact on the company.
- Citation
- Kuo Hua Announces Shareholders' Approval to Lift Directors' Non-Competition Restrictions (June 25, 2026), PR Times
- Source
- PR Times
- Date
- June 25, 2026
Kuo Hua (Stock Code: 1713) announced that its shareholders' meeting has approved the lifting of non-competition restrictions for certain directors, including the chairman, board members, and independent directors. The decision will have no financial or operational impact on the company.
📋 Article Processing Timeline
- 📰 Published: June 25, 2026 at 09:00
- 🔍 Collected: June 25, 2026 at 10:16 (1h 16m after Published)
- 🤖 AI Analyzed: June 25, 2026 at 10:18 (2 min after Collected)
Release Date: June 25, 2026
Statement Date: June 24, 2026
Statement Time: 11:47:27
Company Code: 1713
Company Name: Kuo Hua
Subject: Announcement of the resolution passed at the shareholders' ordinary meeting to lift non-competition restrictions on directors.
Applicable Clause: Item 21
Factual Date: June 24, 2026
Details:
1. Shareholders' Meeting Resolution Date: June 24, 2026
2. Names and Titles of Directors Permitted to Engage in Competitive Activities:
- Chairman: Ying Jou-er, representative of Heng Chang Investment Co., Ltd.
- Director: Hung Chih-cheng, representative of Li Tai Investment Co., Ltd.
- Independent Directors: Tseng Chi-ying, Yeh Lien-chu, Chi Wen-kuei
3. Permitted Competitive Activities:
Investing in and operating other businesses related or similar to the company's business scope.
4. Duration of Permission:
Throughout the period during which the aforementioned individuals serve as directors of the company.
5. Voting Outcome (as per Article 209 of the Company Act):
The resolution was approved with more than half of the total issued shares represented at the meeting, and with over two-thirds of the voting rights of attending shareholders in favor, thereby lifting the non-competition restrictions for the specified directors.
6. Directors Engaging in Competitive Activities in Mainland China (if not applicable, state "Not Applicable"):
Not Applicable
7. Company Name and Position Held in Mainland China Entity:
Not Applicable
8. Address of Mainland China Entity:
Not Applicable
9. Business Scope of Mainland China Entity:
Not Applicable
10. Impact on the Company's Financial and Operational Performance:
No impact
11. If any director has invested in a Mainland China entity, the investment amount and shareholding ratio:
Not Applicable
12. Other Matters to be Disclosed:
None
Statement Date: June 24, 2026
Statement Time: 11:47:27
Company Code: 1713
Company Name: Kuo Hua
Subject: Announcement of the resolution passed at the shareholders' ordinary meeting to lift non-competition restrictions on directors.
Applicable Clause: Item 21
Factual Date: June 24, 2026
Details:
1. Shareholders' Meeting Resolution Date: June 24, 2026
2. Names and Titles of Directors Permitted to Engage in Competitive Activities:
- Chairman: Ying Jou-er, representative of Heng Chang Investment Co., Ltd.
- Director: Hung Chih-cheng, representative of Li Tai Investment Co., Ltd.
- Independent Directors: Tseng Chi-ying, Yeh Lien-chu, Chi Wen-kuei
3. Permitted Competitive Activities:
Investing in and operating other businesses related or similar to the company's business scope.
4. Duration of Permission:
Throughout the period during which the aforementioned individuals serve as directors of the company.
5. Voting Outcome (as per Article 209 of the Company Act):
The resolution was approved with more than half of the total issued shares represented at the meeting, and with over two-thirds of the voting rights of attending shareholders in favor, thereby lifting the non-competition restrictions for the specified directors.
6. Directors Engaging in Competitive Activities in Mainland China (if not applicable, state "Not Applicable"):
Not Applicable
7. Company Name and Position Held in Mainland China Entity:
Not Applicable
8. Address of Mainland China Entity:
Not Applicable
9. Business Scope of Mainland China Entity:
Not Applicable
10. Impact on the Company's Financial and Operational Performance:
No impact
11. If any director has invested in a Mainland China entity, the investment amount and shareholding ratio:
Not Applicable
12. Other Matters to be Disclosed:
None
FAQ
What was resolved at Kuo Hua's shareholders' meeting?
The resolution to lift non-competition restrictions on certain directors was approved.
Which directors are permitted to engage in competitive activities?
Ying Jou-er (Heng Chang), Hung Chih-cheng (Li Tai), and three independent directors.
How long does the permission last?
Throughout their term as directors of Kuo Hua.
Will this affect the company's finances?
The company states there will be no impact.
Does this include business activities in Mainland China?
No, such activities are not applicable.