Cathay Real Estate Development : The board of directors of the Company approves removal of the non-compete clause for managers








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Provided by: CATHAY REAL ESTATE DEVELOPMENT CO.,LTD.
SEQ_NO 1 Date of announcement 2022/01/27 Time of announcement 17:32:15
Subject
 The board of directors of the Company
approves removal of the non-compete clause
for managers
Date of events 2022/01/27 To which item it meets paragraph 21
Statement
1.Date of the board of directors resolution:2022/01/27
2.Name and title of the managerial officer with permission to engage in
  competitive conduct:
Richard Lee/President
Chung Yan Tsai/Senior Executive Vice President
Tzi Li Tung/Senior Executive Vice President
Sang Chieh Ku/Senior Vice President
Jun Her Guo/Senior Vice President
Chun An Lin/Senior Vice President
3.Items of competitive conduct in which the officer is permitted to engage:
To engage in business that is within or similar
to the business scope of Cathay Real Estate
Development Company
4.Period of permission to engage in the competitive conduct:
For the duration of being employed as a manager
of the Company
5.Circumstances of the resolution (please describe the results of voting in
accordance with Article 32 of the Company Act):
Except for Director Richard Lee, Director Chung Yan Tsai
and Director Tzi Li Tung who is not permitted to
participate in voting, the other directors present
at the meeting passed the resolution
6.If the permitted competitive conduct belongs to the operator of a mainland
China area enterprise, the name and title of the managerial officer
(if it is not the operator of a mainland China area enterprise, please enter
��N/A�� below):Not applicable
7.Company name of the mainland China area enterprise and the officer's
position in the enterprise:Not applicable
8.Address of the mainland China area enterprise:
Not applicable
9.Operations of the mainland China area enterprise:
Not applicable
10.Impact on the company's finance and business:
None
11.If the managerial officer has invested in the mainland China area
enterprise, the monetary amount of the investment and the officer's
shareholding ratio:
Not applicable
12.Any other matters that need to be specified:
None

Disclaimer

Cathay Real Estate Development Co. Ltd. published this content on 27 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 January 2022 09:48:01 UTC.

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All news about CATHAY REAL ESTATE DEVELOPMENT CO.,LTD.

Sales 2020 13 974 M
502 M
502 M
Net income 2020 1 484 M
53,3 M
53,3 M
Net Debt 2020 21 029 M
756 M
756 M
P/E ratio 2020 15,5x
Yield 2020 5,03%
Capitalization 21 858 M
787 M
785 M
EV / Sales 2019 3,74x
EV / Sales 2020 3,16x
Nbr of Employees 913
Free-Float 47,9%

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