Commercial Court Rules China Engineering Must Include Shareholder Nominees; China Engineering Respects Decision
The Commercial Court ruled that China Engineering (CEC) must include all director and independent director candidates nominated by Baoxin Investment, Dahua Construction, and Jiajun Investment in the shareholder meeting election list. CEC had previously removed these candidates citing "excessive nominations," but the Commercial Court deemed this improper. The shareholders have provided collateral and applied for compulsory enforcement, indicating a readiness for a showdown of shareholding power at the general meeting.
📋 Article Processing Timeline
- 📰 Published: April 15, 2026 at 18:13
- 🔍 Collected: April 15, 2026 at 18:32 (18 min after Published)
- 🤖 AI Analyzed: April 15, 2026 at 18:53 (21 min after Collected)
Central News Agency
(Central News Agency reporter He Hsiu-ling, Taipei, 15th) China Engineering's board of directors removed director and independent director candidates nominated by shareholders, citing "excessive nominations." The Commercial Court today ruled that China Engineering must include all director and independent director candidates nominated by Baoxin Investment, Dahua Construction, and Jiajun Investment in the shareholder general meeting election list. China Engineering stated that it respects the Commercial Court's provisional injunction ruling.
Baoxin, Dahua, and Jiajun issued a joint statement today, stating that the nominating shareholders immediately provided collateral to the Taipei District Court this afternoon and applied for compulsory enforcement, indicating that the shareholder meeting will be a showdown of shareholding power.
China Engineering will hold its shareholder meeting on May 21st this year to re-elect 4 directors and 3 independent directors. Baoxin Investment, Dahua Construction, and Jiajun Investment each submitted a list of candidates in accordance with relevant provisions of the Company Act. On the 10th, China Engineering's board of directors removed the shareholder nominations, citing combined calculations and excessive nominations. Baoxin and other shareholders then applied to the Commercial Court for a "provisional disposition."
The Commercial Court approved Baoxin, Dahua, and Jiajun's application at noon today. They immediately provided collateral according to law this afternoon and applied to the Taipei District Court for compulsory enforcement. Lawyers Lin Zheng-jiang, representing Baoxin and Dahua, and Ye Jian-wei, representing Jiajun, pointed out that the ruling found China Engineering's board of directors' removal of shareholder nomination lists to be improper, and they will pursue relevant civil and criminal liabilities according to law.
Baoxin, Dahua, and Jiajun called on China Engineering shareholders to support the legally reinstated list of director candidates at this year's shareholder meeting, promote the normalization of corporate governance, overturn China Engineering's long-standing imbalanced operating system, and pledged to respond to shareholder expectations with the most responsible attitude. (Editor: Yang Kai-hsiang) 1150415
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(Central News Agency reporter He Hsiu-ling, Taipei, 15th) China Engineering's board of directors removed director and independent director candidates nominated by shareholders, citing "excessive nominations." The Commercial Court today ruled that China Engineering must include all director and independent director candidates nominated by Baoxin Investment, Dahua Construction, and Jiajun Investment in the shareholder general meeting election list. China Engineering stated that it respects the Commercial Court's provisional injunction ruling.
Baoxin, Dahua, and Jiajun issued a joint statement today, stating that the nominating shareholders immediately provided collateral to the Taipei District Court this afternoon and applied for compulsory enforcement, indicating that the shareholder meeting will be a showdown of shareholding power.
China Engineering will hold its shareholder meeting on May 21st this year to re-elect 4 directors and 3 independent directors. Baoxin Investment, Dahua Construction, and Jiajun Investment each submitted a list of candidates in accordance with relevant provisions of the Company Act. On the 10th, China Engineering's board of directors removed the shareholder nominations, citing combined calculations and excessive nominations. Baoxin and other shareholders then applied to the Commercial Court for a "provisional disposition."
The Commercial Court approved Baoxin, Dahua, and Jiajun's application at noon today. They immediately provided collateral according to law this afternoon and applied to the Taipei District Court for compulsory enforcement. Lawyers Lin Zheng-jiang, representing Baoxin and Dahua, and Ye Jian-wei, representing Jiajun, pointed out that the ruling found China Engineering's board of directors' removal of shareholder nomination lists to be improper, and they will pursue relevant civil and criminal liabilities according to law.
Baoxin, Dahua, and Jiajun called on China Engineering shareholders to support the legally reinstated list of director candidates at this year's shareholder meeting, promote the normalization of corporate governance, overturn China Engineering's long-standing imbalanced operating system, and pledged to respond to shareholder expectations with the most responsible attitude. (Editor: Yang Kai-hsiang) 1150415
Choose to stand with facts, every sponsorship you make is a force to protect press freedom.
Download the Central News Agency "First-hand News" APP to stay updated with the latest news.
The text, images, and videos on this website may not be reproduced, publicly broadcast, or publicly transmitted and used without authorization.
FAQ
What was the Commercial Court's ruling?
The Commercial Court ruled that China Engineering must include all director and independent director candidates nominated by Baoxin Investment, Dahua Construction, and Jiajun Investment in the shareholder meeting election list.
How did China Engineering respond?
China Engineering stated that it respects the Commercial Court's provisional injunction ruling.