Taiwan Cement Shareholders Nears 560,000; Proxy Solicitors Increased to Facilitate Souvenir Distribution
Taiwan Cement's shareholder base has hit a record 555,000. To ensure all shareholders can claim their meeting souvenirs, the company is increasing its proxy solicitors to eight.
📋 Article Processing Timeline
- 📰 Published: April 23, 2026 at 20:30
- 🔍 Collected: April 23, 2026 at 21:02 (32 min after Published)
- 🤖 AI Analyzed: April 23, 2026 at 21:08 (6 min after Collected)
Central News Agency
(CNA Reporter Ho Hsiu-ling, Taipei, 23rd) With shareholder meeting season approaching, Taiwan Cement (TCC) reported that its shareholder base has increased by nearly 40,000 since last year. To prevent a repeat of last year's situation where some shareholders couldn't get their souvenirs, the company will increase its proxy solicitors from six to eight this year to improve convenience. TCC also clarified that rumors of an "early board election" are completely baseless, and this year's meeting involves no board election or reelection matters.
TCC stated in a press release today that its shareholder count has climbed from 145,000 in 2017 to the current 555,000, setting a new high for its 80-year history.
TCC pointed out that according to regulations, a single solicitor can collect proxy forms up to a limit of 3% of total issued shares. Although they commissioned six solicitors last year, high shareholder participation meant some could not redeem their souvenirs. TCC is increasing the number to eight this year, anticipating it can serve more retail investors by raising the allowable volume of proxy shares.
Additionally, addressing recent market rumors about "expanding proxy solicitation," TCC spokesperson Yeh Yu-chun clarified that the board election is slated for next year. There are no proposals, by-elections, or early elections planned for this year. The sole purpose of soliciting proxies currently is to meet the quorum threshold for holding the meeting.
TCC added that their long-term shareholder service agency is CTBC Bank. Under the "Regulations Governing the Use of Proxies for Attendance at Shareholder Meetings of Public Companies," if election proposals are involved, solicitation must be handled by an agency other than the original stock agency. "This is a systemic arrangement, and the outside world need not overimagine." Yeh Yu-chun emphasized that TCC hopes the public focuses on core issues, such as low-carbon transition and the impact on domestic industries caused by imported cement not paying carbon costs. (Editor: Chang Liang-chih) 1150423
(CNA Reporter Ho Hsiu-ling, Taipei, 23rd) With shareholder meeting season approaching, Taiwan Cement (TCC) reported that its shareholder base has increased by nearly 40,000 since last year. To prevent a repeat of last year's situation where some shareholders couldn't get their souvenirs, the company will increase its proxy solicitors from six to eight this year to improve convenience. TCC also clarified that rumors of an "early board election" are completely baseless, and this year's meeting involves no board election or reelection matters.
TCC stated in a press release today that its shareholder count has climbed from 145,000 in 2017 to the current 555,000, setting a new high for its 80-year history.
TCC pointed out that according to regulations, a single solicitor can collect proxy forms up to a limit of 3% of total issued shares. Although they commissioned six solicitors last year, high shareholder participation meant some could not redeem their souvenirs. TCC is increasing the number to eight this year, anticipating it can serve more retail investors by raising the allowable volume of proxy shares.
Additionally, addressing recent market rumors about "expanding proxy solicitation," TCC spokesperson Yeh Yu-chun clarified that the board election is slated for next year. There are no proposals, by-elections, or early elections planned for this year. The sole purpose of soliciting proxies currently is to meet the quorum threshold for holding the meeting.
TCC added that their long-term shareholder service agency is CTBC Bank. Under the "Regulations Governing the Use of Proxies for Attendance at Shareholder Meetings of Public Companies," if election proposals are involved, solicitation must be handled by an agency other than the original stock agency. "This is a systemic arrangement, and the outside world need not overimagine." Yeh Yu-chun emphasized that TCC hopes the public focuses on core issues, such as low-carbon transition and the impact on domestic industries caused by imported cement not paying carbon costs. (Editor: Chang Liang-chih) 1150423