[Xinjian] Announcement of Dissenting Opinion by Independent Director Regarding Board Deliberations
Xinjian's independent director, Kao (Feng) Chi, expressed a dissenting opinion regarding the proposal to pay completion bonuses to managers at the board meeting on May 5, 2026, arguing that losses should be covered first. However, the proposals were passed by a majority vote.
📋 Article Processing Timeline
- 📰 Published: May 5, 2026 at 09:00
- 🔍 Collected: May 6, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 6, 2026 at 08:23 (23 min after Collected)
1. Date of board, audit, or compensation committee meeting: 2026/05/05
2. Resolutions of the board, audit, or compensation committee (please enter "board" or "audit committee" or "compensation committee"): Board of Directors
3. Name and resume of independent director or audit committee, compensation committee member expressing dissenting or reserved opinion:
(1) Independent Director Kao (Feng) Chi, Resume: Managing Partner at Chengfeng International Law Firm
4. Proposals for which dissenting or reserved opinions were expressed:
(1) Board discussion items: Proposal Six: Review of the proposal to distribute completion bonuses to the company's managers at the Erlin Construction Site. Proposal Seven: Review of the proposal to distribute completion bonuses to the company's managers at the Liuzhangli Construction Site. Proposal Eight: Review of the proposal to distribute completion bonuses to the company's managers at the Puyen Construction Site.
5. Opinions expressed by the aforementioned independent director or audit committee, compensation committee member against or with reservations: Proposal Six: Bonuses should not be issued until losses are covered. Dissenting to the bonus issuance. Proposal Seven: Bonuses should not be issued until losses are covered. Dissenting to the bonus issuance. Proposal Eight: Bonuses should not be issued until losses are covered. Dissenting to the bonus issuance.
6. Countermeasures: A material information announcement will be issued as required.
7. Other matters to be specified:
(1) Board resolutions: Proposal Six was approved by a majority vote of all attending directors. Proposal Seven was approved by a majority vote of all attending directors. Proposal Eight was approved by a majority vote of all attending directors.
2. Resolutions of the board, audit, or compensation committee (please enter "board" or "audit committee" or "compensation committee"): Board of Directors
3. Name and resume of independent director or audit committee, compensation committee member expressing dissenting or reserved opinion:
(1) Independent Director Kao (Feng) Chi, Resume: Managing Partner at Chengfeng International Law Firm
4. Proposals for which dissenting or reserved opinions were expressed:
(1) Board discussion items: Proposal Six: Review of the proposal to distribute completion bonuses to the company's managers at the Erlin Construction Site. Proposal Seven: Review of the proposal to distribute completion bonuses to the company's managers at the Liuzhangli Construction Site. Proposal Eight: Review of the proposal to distribute completion bonuses to the company's managers at the Puyen Construction Site.
5. Opinions expressed by the aforementioned independent director or audit committee, compensation committee member against or with reservations: Proposal Six: Bonuses should not be issued until losses are covered. Dissenting to the bonus issuance. Proposal Seven: Bonuses should not be issued until losses are covered. Dissenting to the bonus issuance. Proposal Eight: Bonuses should not be issued until losses are covered. Dissenting to the bonus issuance.
6. Countermeasures: A material information announcement will be issued as required.
7. Other matters to be specified:
(1) Board resolutions: Proposal Six was approved by a majority vote of all attending directors. Proposal Seven was approved by a majority vote of all attending directors. Proposal Eight was approved by a majority vote of all attending directors.