Chung Fu (1435.TW) Announces Continued Trading Suspension of Its Listed Securities by TWSE
Chung Fu announced that the trading suspension of its listed securities will continue from May 20, 2026. This follows a disclaimer of opinion from its auditor on the Q1 2026 financial report, due to the inability to obtain sufficient and appropriate audit evidence for its equity-method investee, Fushing Company. To resolve this, Chung Fu's chairman has been elected as chairman of Fushing and will take steps to obtain financial data and complete the necessary audits.
📋 Article Processing Timeline
- 📰 Published: May 18, 2026 at 09:00
- 🔍 Collected: May 19, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 19, 2026 at 08:02 (2 min after Collected)
1. Date of TWSE's public announcement of disposition: 2026/05/18
2. TWSE's operating rules cited for the disposition and reason for occurrence: The Company was previously under trading suspension by the TWSE. Subsequently, the auditor issued a disclaimer of opinion on the Company's Q1 2026 financial report. Based on Article 50, Paragraph 1, Subparagraph 5 of the TWSE's Operating Rules, the TWSE announced a concurrent trading suspension starting from May 20, 2026.
3. Result of disposition: Trading Suspension
4. Start date of (concurrent) trading suspension: 2026/05/20
5. Countermeasures: I. The company was unable to provide sufficient audit evidence for its auditor to re-audit accounting items related to its equity-method investee, Fushing Company, for the 2025 financial statements... II. After the trading suspension, the chairman of Chung Fu, Mr. Chen Chien, was elected as the chairman of Fushing Company. The new chairman will take steps to obtain financial records from the former person-in-charge, Mr. Huang Li-Chung, appoint an auditor to audit Fushing's financials, and provide a compliant audit report to Chung Fu to enable re-filing and restore trading, thereby protecting shareholder rights.
6. Other items to be specified: None.
7. (Risk Warning) If the listed securities remain suspended from trading for six consecutive months, there is a risk of delisting. Investors are reminded to pay close attention to investment risks.
2. TWSE's operating rules cited for the disposition and reason for occurrence: The Company was previously under trading suspension by the TWSE. Subsequently, the auditor issued a disclaimer of opinion on the Company's Q1 2026 financial report. Based on Article 50, Paragraph 1, Subparagraph 5 of the TWSE's Operating Rules, the TWSE announced a concurrent trading suspension starting from May 20, 2026.
3. Result of disposition: Trading Suspension
4. Start date of (concurrent) trading suspension: 2026/05/20
5. Countermeasures: I. The company was unable to provide sufficient audit evidence for its auditor to re-audit accounting items related to its equity-method investee, Fushing Company, for the 2025 financial statements... II. After the trading suspension, the chairman of Chung Fu, Mr. Chen Chien, was elected as the chairman of Fushing Company. The new chairman will take steps to obtain financial records from the former person-in-charge, Mr. Huang Li-Chung, appoint an auditor to audit Fushing's financials, and provide a compliant audit report to Chung Fu to enable re-filing and restore trading, thereby protecting shareholder rights.
6. Other items to be specified: None.
7. (Risk Warning) If the listed securities remain suspended from trading for six consecutive months, there is a risk of delisting. Investors are reminded to pay close attention to investment risks.