[Lian-Chang] Announcement of Important Resolutions from the 115th Annual General Meeting
Lian-Chang Electronic held its AGM on May 20, 115, approving the annual business report, financial statements, and loss coverage plan. It also elected the 15th board of directors, approved capital reduction to offset losses, and resolved to lift non-compete restrictions for new directors.
📋 Article Processing Timeline
- 📰 Published: May 20, 2026 at 09:00
- 🔍 Collected: May 21, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 21, 2026 at 09:00 (1h 0m after Collected)
1. Date of AGM: 115/05/20
2. Important Resolution 1, Surplus Distribution or Loss Offsetting: Passed the 114 fiscal year loss offsetting plan.
3. Important Resolution 2, Articles of Incorporation Amendment: None.
4. Important Resolution 3, Business Report and Financial Statements: Passed the 114 fiscal year business report and financial statements.
5. Important Resolution 4, Election of Directors and Supervisors: Election of the 15th Board of Directors.
Elected Directors:
Director: TECO Electric & Machinery Co., Ltd. Representative Chen Heng-Wei
Director: TECO Electric & Machinery Co., Ltd. Representative Lin Chia-Sheng
Director: TECO Electric & Machinery Co., Ltd. Representative Wang An-Bang
Director: TECO Electric & Machinery Co., Ltd. Representative Sun Chien-Jung
Director: TECO Electric & Machinery Co., Ltd. Representative Yang Wen-An
Director: TECO Electric & Machinery Co., Ltd. Representative Lin Chun-Lien
Director: TECO Electric & Machinery Co., Ltd. Representative Huang Ke-Lan
Director: Huang Chin-Hui
Independent Director: Lin Wan-Ying
Independent Director: Tsao An-Bang
Independent Director: Huang Tung-Jung
6. Important Resolution 5, Other Items:
(1) Passed the capital reduction to offset losses.
(2) Passed the resolution to lift non-compete restrictions for new directors and their representatives.
7. Other Noted Items: None.
2. Important Resolution 1, Surplus Distribution or Loss Offsetting: Passed the 114 fiscal year loss offsetting plan.
3. Important Resolution 2, Articles of Incorporation Amendment: None.
4. Important Resolution 3, Business Report and Financial Statements: Passed the 114 fiscal year business report and financial statements.
5. Important Resolution 4, Election of Directors and Supervisors: Election of the 15th Board of Directors.
Elected Directors:
Director: TECO Electric & Machinery Co., Ltd. Representative Chen Heng-Wei
Director: TECO Electric & Machinery Co., Ltd. Representative Lin Chia-Sheng
Director: TECO Electric & Machinery Co., Ltd. Representative Wang An-Bang
Director: TECO Electric & Machinery Co., Ltd. Representative Sun Chien-Jung
Director: TECO Electric & Machinery Co., Ltd. Representative Yang Wen-An
Director: TECO Electric & Machinery Co., Ltd. Representative Lin Chun-Lien
Director: TECO Electric & Machinery Co., Ltd. Representative Huang Ke-Lan
Director: Huang Chin-Hui
Independent Director: Lin Wan-Ying
Independent Director: Tsao An-Bang
Independent Director: Huang Tung-Jung
6. Important Resolution 5, Other Items:
(1) Passed the capital reduction to offset losses.
(2) Passed the resolution to lift non-compete restrictions for new directors and their representatives.
7. Other Noted Items: None.
FAQ
What was decided at Lian-Chang Electronic's AGM?
Approvals for annual accounts, loss coverage, capital reduction, and the election of the 15th board of directors were finalized.
Why is the company undergoing capital reduction?
To offset accumulated losses, improve the balance sheet, and support long-term financial restructuring.
What is the new board structure?
The new board includes several representatives from TECO Electric and newly appointed independent directors.