2530 Hwa Chien Announces Shareholder Approval to Lift Director's Non-Compete Restriction
Key facts
- 2530 Hwa Chien Announces Shareholder Approval to Lift Director's Non-Compete Restriction
- Hwa Chien (2530) announced that its 2026 annual general meeting approved the lifting of non-compete restrictions for director Wu Yu-Kuo. The permitted competitive activities are limited to those that do not harm the company's interests, with no expected impact on operations or finances.
- Source: PR Times
- Date: June 27, 2026
Direct answer
Hwa Chien (2530) announced that its 2026 annual general meeting approved the lifting of non-compete restrictions for director Wu Yu-Kuo. The permitted competitive activities are limited to those that do not harm the company's interests, with no expected impact on operations or finances.
- Citation
- 2530 Hwa Chien Announces Shareholder Approval to Lift Director's Non-Compete Restriction (June 27, 2026), PR Times
- Source
- PR Times
- Date
- June 27, 2026
Hwa Chien (2530) announced that its 2026 annual general meeting approved the lifting of non-compete restrictions for director Wu Yu-Kuo. The permitted competitive activities are limited to those that do not harm the company's interests, with no expected impact on operations or finances.
📋 Article Processing Timeline
- 📰 Published: June 27, 2026 at 09:00
- 🔍 Collected: June 27, 2026 at 21:03 (12h 3m after Published)
- 🤖 AI Analyzed: June 27, 2026 at 21:09 (5 min after Collected)
Disclosure Date: June 27, 2026
Statement Date: June 26, 2026
Statement Time: 17:36
Company Code: 2530
Company Name: Hwa Chien
Subject: Announcement of Resolution Passed at the 2026 Annual General Meeting to Lift Non-Compete Restriction for Director
Applicable Clause: Clause 21
Factual Date: June 26, 2026
Details:
1. Shareholder Meeting Resolution Date: June 26, 2026
2. Name and Title of Director Permitted to Engage in Competitive Activities:
Director: Wu Yu-Kuo, Representative of Chia-Chun Investment Co., Ltd.
3. Scope of Permitted Competitive Activities:
Limited to activities that do not harm the company's interests.
4. Duration of Permitted Competitive Activities:
During the period of serving as a director of the company.
5. Resolution Outcome (Voting Results per Article 209 of the Company Act):
Approved by resolution, with shareholders representing more than two-thirds of the issued shares in attendance and over half of the voting rights of attending shareholders in favor.
6. Director’s Name and Title if the Permitted Competitive Activity Involves Business Operations in Mainland China (Enter 'Not Applicable' if not applicable):
Not Applicable
7. Company Name and Position Held in Such Mainland China Business:
Not Applicable
8. Address of Such Mainland China Business:
Not Applicable
9. Business Scope of Such Mainland China Business:
Not Applicable
10. Impact on the Company's Financial and Business Operations:
None.
11. If the Director Invests in Such Mainland China Business, the Investment Amount and Shareholding Ratio:
Not Applicable
12. Other Matters to be Disclosed:
None.
Statement Date: June 26, 2026
Statement Time: 17:36
Company Code: 2530
Company Name: Hwa Chien
Subject: Announcement of Resolution Passed at the 2026 Annual General Meeting to Lift Non-Compete Restriction for Director
Applicable Clause: Clause 21
Factual Date: June 26, 2026
Details:
1. Shareholder Meeting Resolution Date: June 26, 2026
2. Name and Title of Director Permitted to Engage in Competitive Activities:
Director: Wu Yu-Kuo, Representative of Chia-Chun Investment Co., Ltd.
3. Scope of Permitted Competitive Activities:
Limited to activities that do not harm the company's interests.
4. Duration of Permitted Competitive Activities:
During the period of serving as a director of the company.
5. Resolution Outcome (Voting Results per Article 209 of the Company Act):
Approved by resolution, with shareholders representing more than two-thirds of the issued shares in attendance and over half of the voting rights of attending shareholders in favor.
6. Director’s Name and Title if the Permitted Competitive Activity Involves Business Operations in Mainland China (Enter 'Not Applicable' if not applicable):
Not Applicable
7. Company Name and Position Held in Such Mainland China Business:
Not Applicable
8. Address of Such Mainland China Business:
Not Applicable
9. Business Scope of Such Mainland China Business:
Not Applicable
10. Impact on the Company's Financial and Business Operations:
None.
11. If the Director Invests in Such Mainland China Business, the Investment Amount and Shareholding Ratio:
Not Applicable
12. Other Matters to be Disclosed:
None.
FAQ
What was resolved at Hwa Chien's shareholder meeting?
The lifting of non-compete restrictions for Director Wu Yu-Kuo, permitted only if it does not harm the company's interests.
How long is the competitive activity allowed?
Only during the period when the director serves at Hwa Chien.
Does this affect the company's finances?
The company states there is no impact on its financial or business operations.
Is this related to business in Mainland China?
No, it is not applicable to Mainland China operations.
How was the resolution passed?
Approved by over two-thirds of issued shares attending and majority vote of attending shareholders.