Subsidiary Capital Securities Announces Shareholder Approval to Lift Non-Compete Restrictions for 13th-Directors
Key facts
- Subsidiary Capital Securities Announces Shareholder Approval to Lift Non-Compete Restrictions for 13th-Directors
- Kuo Piao Financial Holding (2889) announced that its subsidiary, Capital Securities, passed a resolution at the 115th annual general meeting to lift non-compete restrictions for four directors. The decision complies with Article 209 of the Company Act and has no material impact on operations.
- Source: PR Times
- Date: June 27, 2026
Direct answer
Kuo Piao Financial Holding (2889) announced that its subsidiary, Capital Securities, passed a resolution at the 115th annual general meeting to lift non-compete restrictions for four directors. The decision complies with Article 209 of the Company Act and has no material impact on operations.
- Citation
- Subsidiary Capital Securities Announces Shareholder Approval to Lift Non-Compete Restrictions for 13th-Directors (June 27, 2026), PR Times
- Source
- PR Times
- Date
- June 27, 2026
Kuo Piao Financial Holding (2889) announced that its subsidiary, Capital Securities, passed a resolution at the 115th annual general meeting to lift non-compete restrictions for four directors. The decision complies with Article 209 of the Company Act and has no material impact on operations.
📋 Article Processing Timeline
- 📰 Published: June 27, 2026 at 09:00
- 🔍 Collected: June 27, 2026 at 23:18 (14h 18m after Published)
- 🤖 AI Analyzed: June 27, 2026 at 23:21 (2 min after Collected)
Release Date: June 27, 115
Statement Date: June 26, 115
Statement Time: 18:44:57
Company Code: 2889
Company Name: Kuo Piao Financial Holding
Subject: Announcement on behalf of subsidiary Capital Securities regarding the approval of the lifting of non-compete restrictions for the 13th-term directors at the 115th Annual General Meeting.
Applicable Clause: Clause 21
Factual Date: June 26, 115
Details:
1. Shareholder Meeting Resolution Date: 06/26/115
2. Names and Titles of Directors Permitted to Engage in Competitive Activities:
Li, Jian-Hua / Corporate Director Representative
Chang, Jung-Tai / Corporate Director Representative
Liu, Jiang-Bao / Independent Director
Wu, Wei-En / Independent Director
3. Permitted Competitive Activities: Companies with business scopes identical or similar to the Company
4. Duration of Permitted Competitive Activities: During tenure as director of the Company
5. Voting Outcome (as per Article 209 of the Company Act):
The resolution was approved by shareholders representing more than one-half of the issued shares, with over two-thirds of the voting rights of attending shareholders in favor.
6. Names and Titles of Directors Engaging in Competitive Activities in Mainland China-based Businesses (Enter 'Not Applicable' if not applicable): Not Applicable
7. Company Name and Position Held in Such Mainland China-based Business: Not Applicable
8. Address of Such Mainland China-based Business: Not Applicable
9. Business Scope of Such Mainland China-based Business: Not Applicable
10. Impact on the Company's Financial and Business Operations: Not Applicable
11. If Directors Invest in Such Mainland China-based Business, Investment Amount and Shareholding Ratio: Not Applicable
12. Other Matters to be Disclosed: None
Statement Date: June 26, 115
Statement Time: 18:44:57
Company Code: 2889
Company Name: Kuo Piao Financial Holding
Subject: Announcement on behalf of subsidiary Capital Securities regarding the approval of the lifting of non-compete restrictions for the 13th-term directors at the 115th Annual General Meeting.
Applicable Clause: Clause 21
Factual Date: June 26, 115
Details:
1. Shareholder Meeting Resolution Date: 06/26/115
2. Names and Titles of Directors Permitted to Engage in Competitive Activities:
Li, Jian-Hua / Corporate Director Representative
Chang, Jung-Tai / Corporate Director Representative
Liu, Jiang-Bao / Independent Director
Wu, Wei-En / Independent Director
3. Permitted Competitive Activities: Companies with business scopes identical or similar to the Company
4. Duration of Permitted Competitive Activities: During tenure as director of the Company
5. Voting Outcome (as per Article 209 of the Company Act):
The resolution was approved by shareholders representing more than one-half of the issued shares, with over two-thirds of the voting rights of attending shareholders in favor.
6. Names and Titles of Directors Engaging in Competitive Activities in Mainland China-based Businesses (Enter 'Not Applicable' if not applicable): Not Applicable
7. Company Name and Position Held in Such Mainland China-based Business: Not Applicable
8. Address of Such Mainland China-based Business: Not Applicable
9. Business Scope of Such Mainland China-based Business: Not Applicable
10. Impact on the Company's Financial and Business Operations: Not Applicable
11. If Directors Invest in Such Mainland China-based Business, Investment Amount and Shareholding Ratio: Not Applicable
12. Other Matters to be Disclosed: None
FAQ
What is Kuo Piao Financial Holding?
It is a financial holding company in Taiwan operating in securities, banking, and financial services.
Why lift non-compete for directors?
To allow corporate representatives and independent directors to serve in similar roles within affiliated firms.
Does this affect financial performance?
The announcement states no material impact on the company's financial or business operations.