Lian Chin (2431) AGM Approves Capital Reduction and Election of 15th Board
Lian Chin held its Annual General Meeting, approving the 2025 financial reports, a plan for capital reduction to cover losses, and the election of its 15th Board of Directors.
📋 Article Processing Timeline
- 📰 Published: May 21, 2026 at 06:31
- 🔍 Collected: May 21, 2026 at 06:31 (0 min after Published)
- 🤖 AI Analyzed: May 21, 2026 at 07:33 (1h 1m after Collected)
Announcement Date: 2026/05/21
Statement Date: 2026/05/20
Statement Time: 16:09:50
Company Code: 2431
Company Name: Lian Chin
Subject: Announcement of important resolutions from the 2026 Annual General Meeting
Clause: No. 18
Date of event: 2026/05/20
Details:
1. AGM Date: 2026/05/20
2. Important Resolution 1 (Earnings distribution or loss compensation): Passed the 2025 loss compensation proposal.
3. Important Resolution 2 (Articles of Incorporation amendment): None.
4. Important Resolution 3 (Business report and financial statements): Passed the 2025 business report and financial statements.
5. Important Resolution 4 (Election of directors and supervisors): Election of the 15th Board of Directors.
Elected Directors:
Director: Chen Hengwei (Representative of TECO Electric)
Director: Lin Jiasheng (Representative of TECO Electric)
Director: Wang Anbang (Representative of TECO Electric)
Director: Sun Jianrong (Representative of TECO Electric)
Director: Yang Wen'an (Representative of TECO Electric)
Director: Lin Chunlian (Representative of TECO Electric)
Director: Huang Kelan (Representative of TECO Electric)
Director: Huang Jinhui
Independent Director: Lin Wanying
Independent Director: Cao Anbang
Independent Director: Huang Dongrong
6. Important Resolution 5 (Other):
(1) Passed the capital reduction to cover losses.
(2) Passed the release of the non-compete restriction on new directors and their representatives.
7. Other: None.
Statement Date: 2026/05/20
Statement Time: 16:09:50
Company Code: 2431
Company Name: Lian Chin
Subject: Announcement of important resolutions from the 2026 Annual General Meeting
Clause: No. 18
Date of event: 2026/05/20
Details:
1. AGM Date: 2026/05/20
2. Important Resolution 1 (Earnings distribution or loss compensation): Passed the 2025 loss compensation proposal.
3. Important Resolution 2 (Articles of Incorporation amendment): None.
4. Important Resolution 3 (Business report and financial statements): Passed the 2025 business report and financial statements.
5. Important Resolution 4 (Election of directors and supervisors): Election of the 15th Board of Directors.
Elected Directors:
Director: Chen Hengwei (Representative of TECO Electric)
Director: Lin Jiasheng (Representative of TECO Electric)
Director: Wang Anbang (Representative of TECO Electric)
Director: Sun Jianrong (Representative of TECO Electric)
Director: Yang Wen'an (Representative of TECO Electric)
Director: Lin Chunlian (Representative of TECO Electric)
Director: Huang Kelan (Representative of TECO Electric)
Director: Huang Jinhui
Independent Director: Lin Wanying
Independent Director: Cao Anbang
Independent Director: Huang Dongrong
6. Important Resolution 5 (Other):
(1) Passed the capital reduction to cover losses.
(2) Passed the release of the non-compete restriction on new directors and their representatives.
7. Other: None.
FAQ
What did Lian Chin announce?
At its AGM on May 20, 2026, the company approved its 2025 financial reports, a capital reduction to fix financial issues, and a new board election.
Why is the company reducing capital?
To restructure its financial position and clear accumulated losses to improve long-term viability.
Who is leading the company?
The board includes various representatives from TECO Electric, forming a governance structure aligned with the group.