2026 AGM Resolves to Lift Non-Compete Restrictions on Directors
Original: 公告本公司115年股東常會通過解除本公司董事競業禁止之限制
Summary
WPG Holdings' 2026 Annual General Meeting of Shareholders (Republic of China Year 115) passed a resolution to waive the non-compete restrictions applicable to the company's directors under Taiwan's Company Act. Under Article 209 of the Company Act, directors are prohibited from engaging in competing business activities without shareholder approval; this resolution grants that approval, allowing directors to hold positions or conduct business that may overlap with the company's operations. Full body available on MOPS.
Full Translation
Subject line translation: 'Announcement that the Company's 2026 (ROC Year 115) Annual General Meeting of Shareholders resolved to lift the non-compete restrictions applicable to the Company's directors.' Interpretive context: Taiwan's Company Act (Article 209) requires directors to disclose any competing business interests and obtain shareholder approval before engaging in activities that compete with the company. A resolution of this type, passed at the AGM, formally waives those statutory prohibitions for the relevant directors for the applicable term. Investors should note that this may indicate directors hold board seats or business interests at peer or adjacent companies in the electronics components distribution sector. [Body not available — subject line only. See MOPS for full announcement.]