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Taihuo Announces Full Board Election and Director Changes Exceeding One-Third

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AI Summary (NQ-processed)

Taihuo Development Co., Ltd. announced the full renewal of its board of directors at the shareholders' meeting held on June 23, 2026. Over one-third of directors have been replaced, with new appointments including Li Junyong, Wu Jiaxun, and Zhao Yixian, effective immediately.

AI Analysis

Frequently Asked Questions

Q: Who was reappointed in Taihuo's board election?
A: Li Junyong and Li Dongying were reappointed, ensuring leadership continuity. Fan Hongshu was also reappointed as independent director.
Q: What are the backgrounds of the new independent directors?
A: Ye Zhishang is a partner lawyer at Fachao Law Firm; Wu Shoulu is Chairman of Yongxing Securities, a financial expert.
Q: Why must a board change exceeding one-third be disclosed?
A: Taiwan's securities regulations require immediate disclosure of board changes exceeding one-third as material information.