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    3664   KYG0550W1069

ARRAY NETWORKS, INC.

(3664)
  Report
End-of-day quote Taipei Exchange  -  2022-09-22
13.20 TWD   -6.05%
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SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Array : Board of Directors approved to release the manager from non-competition restrictions

06/10/2022 | 08:43am EDT
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Today's Information

Provided by: Array Inc.
SEQ_NO 4 Date of announcement 2022/06/10 Time of announcement 20:24:16
Subject
 Board of Directors approved to release the
manager from non-competition restrictions
Date of events 2022/06/10 To which item it meets paragraph 21
Statement
1.Date of the board of directors resolution:2022/06/10
2.Name and title of the managerial officer with
permission to engage in competitive conduct:
CEO of Array Inc. Chien-Chin Lien
3.Items of competitive conduct in which the officer is
permitted to engage:
Chairman, A.R.T. Games Co., Ltd.
Chairman, Gamebase Digital Media Corporation
   (Softstar Entertainment Inc. Representative)
Chairman, LXN Tech Co., Ltd.
Principal of R.O.C., GALAXY POWER HOLDINGS LIMITED
Board Director, PayNow, Inc
   (Red Sunrise Co., Ltd. Representative)
Board Director, Red Sunrise Co., Ltd.
   (Softstar Entertainment Inc. Representative)
Director, Niusnews Co., Ltd.
   (Mega Media Group Limited Representative)
Vice President, Softstar Entertainment Inc.

4.Period of permission to engage in the competitive
conduct:Period of active duty as manager in this company.
5.Circumstances of the resolution (please describe the
results of voting in accordance with Article 32 of the
Company Act):All present directors approve to
release the managers from non-competition restrictions.
6.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):N/A
7.Company name of the mainland China enterprise and the
officer's position in the enterprise:N/A
8.Address of the mainland China enterprise:N/A
9.Operations of the mainland China enterprise:N/A
10.Impact on the company's finance and business:N/A
11.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:N/A
12.Any other matters that need to be specified:None

Disclaimer

Array Inc. published this content on 10 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 June 2022 12:42:08 UTC.


© Publicnow 2022
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Financials
Sales 2021 433 M 13,6 M 13,6 M
Net income 2021 -95,6 M -3,00 M -3,00 M
Net cash 2021 311 M 9,77 M 9,77 M
P/E ratio 2021 -4,73x
Yield 2021 -
Capitalization 649 M 20,4 M 20,4 M
EV / Sales 2020 0,65x
EV / Sales 2021 0,33x
Nbr of Employees 357
Free-Float 26,7%
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Managers and Directors
Michael Zhao Chairman, President, CEO & Director
Sameena Ahmed Chief Financial Officer & Vice President
Chih Hung Hsieh Independent Director
William P. Fuller Director
Teng-Yue Wang Director