What was decided at Lian-Chang Electronic's AGM?

Approvals for annual accounts, loss coverage, capital reduction, and the election of the 15th board of directors were finalized.

Why is the company undergoing capital reduction?

To offset accumulated losses, improve the balance sheet, and support long-term financial restructuring.

What is the new board structure?

The new board includes several representatives from TECO Electric and newly appointed independent directors.

[Lian-Chang] Announcement of Important Resolutions from the 115th Annual General Meeting

Published May 20, 2026 9:00 AM ・ Updated Jun 14, 2026 12:03 AM ・ 3 min read ・ Source: PR Times

Lian-Chang Electronic held its AGM on May 20, 115, approving the annual business report, financial statements, and loss coverage plan. It also elected the 15th board of directors, approved capital reduction to offset losses, and resolved to lift non-compete restrictions for new directors.

1. Date of AGM: 115/05/20 2. Important Resolution 1, Surplus Distribution or Loss Offsetting: Passed the 114 fiscal year loss offsetting plan. 3. Important Resolution 2, Articles of Incorporation Amendment: None. 4. Important Resolution 3, Business Report and Financial Statements: Passed the 114 fiscal year business report and financial statements. 5. Important Resolution 4, Election of Directors and Supervisors: Election of the 15th Board of Directors. Elected Directors: Director: TECO Electric & Machinery Co., Ltd. Representative Chen Heng-Wei Director: TECO Electric & Machinery Co., Ltd. Representative Lin Chia-Sheng Director: TECO Electric & Machinery Co., Ltd. Representative Wang An-Bang Director: TECO Electric & Machinery Co., Ltd. Representative Sun Chien-Jung Director: TECO Electric & Machinery Co., Ltd. Representative Yang Wen-An Director: TECO Electric & Machinery Co., Ltd. Representative Lin Chun-Lien Director: TECO Electric & Machinery Co., Ltd. Representative Huang Ke-Lan Director: Huang Chin-Hui Independent Director: Lin Wan-Ying Independent Director: Tsao An-Bang Independent Director: Huang Tung-Jung 6. Important Resolution 5, Other Items: (1) Passed the capital reduction to offset losses. (2) Passed the resolution to lift non-compete restrictions for new directors and their representatives. 7. Other Noted Items: None.

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Source: PR Times
Category: 人事
Dates in source: 115/05/20

[Lian-Chang] Announcement of Important Resolutions from the 115th Annual General Meeting

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