What triggers automatic removal of a director in Taiwan?

Transferring more than half of the shares held at appointment automatically terminates the directorship under Taiwan's Company Act.

Who decides on this removal?

It is a legal automatic termination, requiring no board resolution—only official announcement is needed.

When will a new director be appointed?

Typically at the next shareholders' meeting, though a special meeting may be called earlier.

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Guangding Announces Automatic Termination of Directorship Due to Share Transfer Exceeding Half of Originally Held Shares

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AI Summary (NQ-processed)

Guangding announces that natural person director Lin Hui-Zuo has been automatically removed from office after transferring more than half of the shares held at the time of appointment, effective July 3, 2026.

AI Analysis

Frequently Asked Questions

Q: What triggers automatic removal of a director in Taiwan?: A: Transferring more than half of the shares held at appointment automatically terminates the directorship under Taiwan's Company Act.
Q: Who decides on this removal?: A: It is a legal automatic termination, requiring no board resolution—only official announcement is needed.
Q: When will a new director be appointed?: A: Typically at the next shareholders' meeting, though a special meeting may be called earlier.