GCS 2022 Annual General Shareholders' Meeting
has Approved to release the newly elected directors from
non-competition restrictions
Date of events
2022/05/20
To which item it meets
paragraph 21
Statement
1.Date of the shareholders' meeting resolution:2022/05/20
2.Name and title of the managerial officer with permission
to engage in competitive conduct:Director/Lee, Biing-Jye
3.Items of competitive conduct in which the officer is
permitted to engage:
Chairman of Epistar JV Holding (BVI) Co., Ltd.
Chairman of GV Semiconductor Inc.
Director of Unikorn Semiconductor Corporation
Chairman of GaN Force Corporation
Chairman of Harvestar Investment Corp.
Chairman of Calystar Investment Corp.
Chairman of Tyntek Corporation
Director of KAISTAR Lighting (Xiamen) Co., Ltd.
Director of Formolight Technologies, Inc.
4.Period of permission to engage in the competitive conduct:
Same as the period of the term of Board of Directors
5.Circumstances of the resolution (please describe the
results of voting in accordance with Article 209 of the
Company Act):
The percentage of shares held by present shareholders to total
outstanding shares is 65.89%. 72,608,891 shares voted for the
proposal, representing 99.38% of the total present shares at
the time of voting.The proposal is approved and adopted.
6.If the permitted competitive conduct belongs to the
operator of a mainland China enterprise, the name and
title of the directors (if it is not the operator of
a mainland China enterprise, please enter "N/A" below):
Director/Lee, Biing-Jye
7.Company name of the mainland China enterprise and the
officer's position in the enterprise:
KAISTAR Lighting (Xiamen) Co., Ltd.
8.Address of the mainland China enterprise:
No.101 Xiang Xing Rd., Xiang An Branch, Torch Hi-Tech Industrial
Development Zone, Xiamen, China.
9.Operations of the mainland China enterprise:
Production and sales of LED epitaxy chips, dies, packages, and modules.
10.Impact on the company's finance and business:None.
11.If the directors have invested in the mainland China
enterprise, the monetary amount of the investment and
their shareholding ratio:None.
12.Any other matters that need to be specified:None.
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Disclaimer
GCS Holdings Inc. published this content on 20 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 May 2022 08:14:09 UTC.
GCS Holdings, Inc. is a Cayman Islands-based holding company of Global Communication Semiconductors, LLC (GCS LLC). The Company through its subsidiaries, develops, manufactures, markets, sells integrated circuits chips. It provides foundry services to integrated device manufacturers and fabless design houses, targeting wireless, power electronics, optoelectronics, and telecommunication markets. The GCS LLC provides pure-play foundry services for III-V compound semiconductor radio frequency integrated circuits, power electronics and optoelectronics (the foundry service business), as well as manufactures and markets compound semiconductor optical wafers and chips under its own brand (the component business). The GCS LLC's customers are primarily United State-based integrated device manufacturers (IDMs) and fabless design houses. The optoelectronic products from GCS LLC's component business are sold to distributors and electronic device manufacturers based in China and Taiwan.
GCS HOLDINGS, INC. 
