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The board of directors of the Company approved removal of the noncompete clause for managers. |
- Date of the board of directors resolution:2023/10/04
- Name and title of the managerial officer with permission to engage in competitive conduct: Associate General Manager, Yang, Tzu-Chun.
- Items of competitive conduct in which the officer is permitted to engage:
(1)Consultant of Cotton Field Organic Farm Inc.
(2)Consultant of the Microbio (Shanghai) Co., Ltd.
- Period of permission to engage in the competitive conduct:For the duration of employment as a manager of the Company.
- Circumstances of the resolution (please describe the results of voting in accordance with Article 32 of the Company Act):The board of directors approved the proposal unanimously with no changes.
- If the permitted competitive conduct belongs to the operator of a mainland China enterprise, the name and title of the managerial officer (if it is not the operator of a mainland China enterprise, please enter “N/A” below):Associate General Manager, Yang, Tzu-Chun.
- Company name of the mainland China enterprise and the officer’s position in the enterprise:Consultant of the Microbio (Shanghai) Co., Ltd.
- Address of the mainland China enterprise:1188 Guangxing Road,Songjiang District, Shanghai China.
- Operations of the mainland China enterprise: Production and sales of health care capsules and lozenges, Chinese herbal medicines, Chinese herbal extracts, Chinese patent medicine processing and production, new drug research and development, etc.
- Impact on the company’s finance and business: Microbio (Shanghai) is invested by the Company by adopting the equity method through which the profits or losses is recognized.
- If the managerial officer or director has invested in the mainland China enterprise, the monetary amount of the investment and the officer or director’s shareholding ratio:
(1) The monetary amount of the investment: USD 50,000.
(2) The shareholding ratio: 0.0953%.
- Any other matters that need to be specified:None.
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