Financial Holding Companies' Mega Shareholder Meetings in June, Grand Bills Finance's May 29 Board Re-election Attracts Attention
Taiwan's financial holding companies are entering their peak season for shareholder meetings, with particular attention on Grand Bills Finance's (Guo Piao Jin) board re-election and the future of its management control. Major financial holding companies will hold their shareholder meetings on June 12 and 18, with Fubon Financial and E.SUN Financial also conducting board re-elections.
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- 📰 Published: May 10, 2026 at 10:17
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Taipei, May 10 (CNA reporters Su Ssu-yun and Lu Yen-tzu) The peak season for shareholder meetings is approaching. This year, the mega shareholder meeting dates for listed financial holding companies fall on June 12 and June 18, with 7 private and 4 state-owned financial holding companies convening. A total of 5 financial holding companies will undergo board re-elections this year, with Grand Bills Finance's board re-election and whether its management control will change being the most closely watched.
This year's listed financial holding company shareholder meetings will kick off with Yongfeng Financial, which is scheduled to hold its shareholder meeting on May 26 to elect 4 directors and 3 independent directors for its 9th term. The director list is consistent with the current list.
Following this will be Grand Bills Finance's shareholder meeting on May 29. This year, there was an initial over-nomination, with 25 nominees vying for 15 director seats, drawing market attention. However, major shareholders later withdrew some nominees, and a final list of 15 director nominees was approved.
In the new board candidate list for Grand Bills Finance, public shares account for 8 seats, Nice Group and Renwang each proposed 3 seats, and TSG Group proposed 1 seat. Market interpretation suggests that the public share bloc is likely to gain future control. Among the nominees, former Mega Financial Holdings chairman Chang Chao-shun, former First Financial Holding president and current Mega Financial Holdings independent director Wu Ying, are particularly noteworthy.
As the shareholder meeting dates draw near, recently, institutions such as First Commercial Bank, Taiwan Business Bank, and Hua Nan Commercial Bank have commissioned Yuanta Securities to solicit proxies for Grand Bills Finance. Some small shareholders holding fewer than 10 shares have also received inquiry calls, reflecting that the public share bloc is not taking the proxy fight lightly.
Regarding the mega shareholder meeting day on June 12, a total of 7 financial holding companies will participate: Fubon Financial, Cathay Financial, CTBC Financial, Yuanta Financial, Taishin Shin Kong Financial, KGI Financial, and E.SUN Financial. Among these, Fubon Financial and E.SUN Financial will conduct board re-elections.
Fubon Financial will re-elect 9 directors and 6 independent directors this time. Compared to the current list, there will be changes for 1 director and 2 independent directors. Taipei City Government Social Welfare Department Director Yao Shu-wen will replace Taipei City Government Accounting and Statistics Department Director Su Wen-shu. New independent directors will include former Securities and Futures Investors Protection Center chairman Chang Hsin-ti and former National Taiwan University president Kuan Chung-ming, replacing Chen Hsin-min and Chen Hsueh-chih.
In addition, at the beginning of this year, E.SUN Financial approved the consensual merger of San Shing Life. E.SUN Financial will elect its 9th term directors, re-electing 6 directors and 5 independent directors. Notably, San Shing Life vice chairman Hsu Ching-hsin has also been nominated.
For state-owned banks, Mega Financial Holdings, Hua Nan Financial Holdings, First Financial Holding, and Land Bank of Taiwan will all hold shareholder meetings on June 18. Besides Land Bank of Taiwan, which is undergoing re-election this year, the market is also highly anticipating whether relevant proposals for the "four-in-one" consolidation of public investment trust subsidiaries can be included in the day's agenda and passed. Currently, all financial holding companies are still preparing. (Edited by Pan Yi-ching) 1150510
This year's listed financial holding company shareholder meetings will kick off with Yongfeng Financial, which is scheduled to hold its shareholder meeting on May 26 to elect 4 directors and 3 independent directors for its 9th term. The director list is consistent with the current list.
Following this will be Grand Bills Finance's shareholder meeting on May 29. This year, there was an initial over-nomination, with 25 nominees vying for 15 director seats, drawing market attention. However, major shareholders later withdrew some nominees, and a final list of 15 director nominees was approved.
In the new board candidate list for Grand Bills Finance, public shares account for 8 seats, Nice Group and Renwang each proposed 3 seats, and TSG Group proposed 1 seat. Market interpretation suggests that the public share bloc is likely to gain future control. Among the nominees, former Mega Financial Holdings chairman Chang Chao-shun, former First Financial Holding president and current Mega Financial Holdings independent director Wu Ying, are particularly noteworthy.
As the shareholder meeting dates draw near, recently, institutions such as First Commercial Bank, Taiwan Business Bank, and Hua Nan Commercial Bank have commissioned Yuanta Securities to solicit proxies for Grand Bills Finance. Some small shareholders holding fewer than 10 shares have also received inquiry calls, reflecting that the public share bloc is not taking the proxy fight lightly.
Regarding the mega shareholder meeting day on June 12, a total of 7 financial holding companies will participate: Fubon Financial, Cathay Financial, CTBC Financial, Yuanta Financial, Taishin Shin Kong Financial, KGI Financial, and E.SUN Financial. Among these, Fubon Financial and E.SUN Financial will conduct board re-elections.
Fubon Financial will re-elect 9 directors and 6 independent directors this time. Compared to the current list, there will be changes for 1 director and 2 independent directors. Taipei City Government Social Welfare Department Director Yao Shu-wen will replace Taipei City Government Accounting and Statistics Department Director Su Wen-shu. New independent directors will include former Securities and Futures Investors Protection Center chairman Chang Hsin-ti and former National Taiwan University president Kuan Chung-ming, replacing Chen Hsin-min and Chen Hsueh-chih.
In addition, at the beginning of this year, E.SUN Financial approved the consensual merger of San Shing Life. E.SUN Financial will elect its 9th term directors, re-electing 6 directors and 5 independent directors. Notably, San Shing Life vice chairman Hsu Ching-hsin has also been nominated.
For state-owned banks, Mega Financial Holdings, Hua Nan Financial Holdings, First Financial Holding, and Land Bank of Taiwan will all hold shareholder meetings on June 18. Besides Land Bank of Taiwan, which is undergoing re-election this year, the market is also highly anticipating whether relevant proposals for the "four-in-one" consolidation of public investment trust subsidiaries can be included in the day's agenda and passed. Currently, all financial holding companies are still preparing. (Edited by Pan Yi-ching) 1150510