Sync-Tech, a leading manufacturer of household sewing machines, held an online investor conference today addressing the resignation of Liu Chun-chang, chairman of its subsidiary Yulon, a precision parts machining firm. Sync-Tech spokesperson Chuang Tzu-ho stated that the leadership transition was part of a pre-established succession plan and will be formally addressed in an upcoming press release.
Sync-Tech clarified that Liu’s retirement follows a long-term plan, originally intended to coincide with Yulon’s board re-election in 2025; this transition was postponed by one year. The company emphasized that Yulon’s current General Manager, Tsai Ming-tung, remains in his position, and Sync-Tech continues to grant him full authorization. Consequently, key projects such as the development of mechanical reducers will remain unaffected.
Sync-Tech aims to build a group-level management structure through its alliance with Yulon. Having solidified a stable foundation, the company is now moving to establish a new management team. On June 22, Yulon announced Liu’s resignation and the appointment of Lin Chih-cheng—a director at both Yulon and Sync-Tech—as the new chairman. As of the end of March, Sync-Tech remains Yulon’s largest shareholder, holding a 26.06% stake. Future strategic focus remains on robot joint module reducers and UQD (Universal Quick Disconnect) components for liquid cooling systems.
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- Source: CNA (Central News Agency)
- Category: Corporate Governance / M&A