Chung-Hwa Engineering Announces Board Resolution on Review of Director and Independent Director Candidate Nominations by Specific Shareholders
NQ Score
49/100
AI Summary (NQ-processed)
On April 10, 2026, the Board of Directors of Chung-Hwa Engineering Co., Ltd. announced its decision to reject director and independent director candidates nominated by a specific shareholder group (Jiajun Investment, Huajian Company, and Baoxin Investment). The board, citing the Company Act and Business Mergers and Acquisitions Act, considered the group a 'single shareholding entity' whose joint nominations exceeded the permissible number of candidates. Therefore, the nominees were excluded from the official candidate list for the 2026 annual general meeting.
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Frequently Asked Questions
- Q: What decision did Chung-Hwa Engineering's board make?
- A: On April 10, 2026, the board decided not to include the director and independent director candidates nominated by a specific shareholder group (Jiajun Investment, Huajian Company, and Baoxin Investment) in the official candidate list.
- Q: Why did the board reject the nominations?
- A: The board determined that the shareholder group is considered a 'single shareholding entity' under the Business Mergers and Acquisitions Act, and their joint nominations exceeded the legally permitted number of candidates as stipulated by the Company Act.