[Zhongfu] Announcement regarding the non-convening of the extraordinary shareholders' meeting of an equity-method investee
Zhongfu announced that the extraordinary shareholders' meeting of its equity-method investee, Fuxing Investment, was not held. Zhongfu Chairman Chen Jian's plan to resolve Fuxing's financial reporting issues and resume Zhongfu's trading was blocked by a change in board representation by a corporate shareholder. Zhongfu will continue to pursue necessary financial information.
📋 Article Processing Timeline
- 📰 Published: May 22, 2026 at 09:00
- 🔍 Collected: May 23, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: June 1, 2026 at 23:42 (231h 42m after Collected)
1. Date: May 22, 115. 2. Company: Fuxing Investment. 3. Relationship: Equity-method investee. 4. Ownership: 49%. 5. Reason: Fuxing's board previously elected Chen Jian as Chairman to resolve financial reporting issues causing Zhongfu's trading suspension. However, corporate shareholder Zhongfu Integrated Marketing suddenly replaced board members with Huang Li-chung and his associates. Consequently, the plan to resume trading is now stalled. 6. Response: None. 7. Other: Further announcements will be made upon completion.
FAQ
Why is it difficult for Zhongfu to resume trading?
Due to the management dispute at its investee, Fuxing, which prevents the correction of financial reports.