Which directors were granted permission to engage in competitive activities?

Tsai Nien-Peng, Chang Kuo-Jung, and Lee Chun-Chieh, all independent directors, are permitted to continue their roles at other companies.

Will this affect Kofeng’s financial or operational performance?

Kofeng stated there will be no impact on its financial or business operations.

How long is the permission for competitive activities valid?

The permission is valid for the duration of their directorship at Kofeng.

Does this involve any business operations in Mainland China?

No. Kofeng indicated that the permitted activities do not involve Mainland China-based businesses.

Kofeng Announces Shareholder Meeting Approval to Lift Non-Competition Restrictions for New Directors

Q: What was resolved at Kofeng's shareholder meeting?

Kofeng approved the lifting of non-competition restrictions for three newly appointed independent directors at its June 25, 2026 shareholder meeting.

Published Jun 26, 2026 9:00 AM ・ Updated Jun 27, 2026 2:55 PM ・ 4 min read ・ Source: PR Times

Kofeng (3043) announced that its 2026 annual general meeting of shareholders approved the lifting of non-competition restrictions for three newly appointed independent directors. The company stated there will be no impact on its financial or operational performance.

Release Date: June 26, 2026 Statement Date: June 25, 2026 Statement Time: 18:29:14 Company Code: 3043 Company Name: Kofeng

Subject: Announcement of the resolution passed at the 2026 annual general meeting of shareholders to lift non-competition restrictions for newly appointed directors and their representatives.

Applicable Clause: Clause 21 Factual Date: June 25, 2026

Details:

1. Shareholder Meeting Resolution Date: June 25, 2026

2. Names and Titles of Directors Permitted to Engage in Competitive Activities: (1) Independent Director: Tsai Nien-Peng (2) Independent Director: Chang Kuo-Jung (3) Independent Director: Lee Chun-Chieh

3. Specific Competitive Activities Permitted: (1) Tsai Nien-Peng: Assistant Manager, Capital Markets Division, Dersin Securities Co., Ltd. (2) Chang Kuo-Jung: Deputy General Manager, Market Development Department, K-Easy Technology Co., Ltd. (3) Lee Chun-Chieh: Independent Director, Yi Hwa Industrial Co., Ltd.

4. Duration of Permission for Competitive Activities: Throughout the term of their directorship at Kofeng

5. Resolution Outcome (as per Article 209 of the Company Act): The resolution was passed with over half of the issued shares represented and approved by more than two-thirds of the voting rights of the attending shareholders.

6. Names and Titles of Directors Engaging in Competitive Activities Related to Mainland China-based Businesses (Enter 'Not Applicable' if not applicable): Not Applicable

7. Company Name and Position Held in the Mainland China-based Business: Not Applicable

8. Address of the Mainland China-based Business: Not Applicable

9. Business Scope of the Mainland China-based Business: Not Applicable

10. Degree of Impact on the Company's Financial and Operational Performance: None

11. If Directors Have Invested in Mainland China-based Businesses, Investment Amount and Shareholding Ratio: None

12. Other Matters to be Disclosed: None

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Source: PR Times
Category: News

Kofeng Announces Shareholder Meeting Approval to Lift Non-Competition Restrictions for New Directors

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