Formosa Scientific (8131) announced that its 2026 annual general meeting approved the lifting of non-compete restrictions for Wu Chih-hsiang, director and representative of Nanya Technology Corporation. This allows him to concurrently serve in similar businesses, reflecting corporate governance flexibility.
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Frequently Asked Questions
Q: What was resolved at Formosa Scientific's shareholder meeting?
A: The meeting approved lifting the non-compete restriction for Director Wu Chih-hsiang, allowing him to serve in similar businesses.
Q: What is the legal basis for this resolution?
A: It was approved under Article 209 of Taiwan's Company Act, requiring a special shareholder resolution.
Q: Does this affect the company's financials?
A: The company states there is no material impact on financial or business operations.
Q: Which types of companies can the director serve in?
A: Only companies with similar business nature, such as semiconductor or electronic materials firms.
Q: How long is the permission valid?
A: From the resolution date until the director resigns from office.