Date of Announcement: July 24, 2026 Date of Statement: July 23, 2026 Time of Statement: 19:53:33 Company Code: 1435 Company Name: Chung Fu
Subject: Announcement of receipt from the New Taipei District Court of the amended civil statement of claim and civil complaint from Liou New Energy Co., Ltd.
Applicable Clause: Clause 2 Factual Date: July 23, 2026
1. Parties to the Legal Case: Plaintiff: Liou New Energy Co., Ltd. (Representative: Chen You-Cheng) Defendant: Chung Fu International Co., Ltd.
2. Court or Authority Handling the Case: New Taipei District Court
3. Case Number of Related Legal Documents: New Taipei District Court, Case No. 114-Shen-Bu-633
4. Factual Date: 07/23/2026
5. Background (Including Subject of Litigation): On July 23, 2026, the Company received from the New Taipei District Court the amended civil statement of claim and civil complaint from Liou New Energy Co., Ltd.
Summary of the Amended Civil Statement of Claim: 1. The defendant shall fulfill the land lease agreement signed on June 7, 2022 (hereinafter referred to as the "First Lease Agreement") and deliver the portion of land located east of the dotted line on the cadastral map attached to the First Lease Agreement, situated at Plot No. 197, Dalun Section, Zhongli District, Taoyuan City, to the plaintiff. 2. The defendant shall fulfill the land lease agreement signed on June 21, 2022 (hereinafter referred to as the "Second Lease Agreement") and deliver the land located at Plot Nos. 191, 192, 195, 196, 197 (the portion west of the dotted line on the cadastral map attached to the Second Lease Agreement), 203, 204, and 205, Dalun Section, Zhongli District, Taoyuan City, to the plaintiff. 3. Litigation costs shall be borne by the plaintiff.
Summary of the Civil Complaint: 1. The defendant shall fulfill the First Lease Agreement and deliver the land located at Plot No. 197, Dalun Section, Zhongli District, Taoyuan City, to the plaintiff. 2. The defendant shall fulfill the Second Lease Agreement and deliver the land located at Plot Nos. 191, 192, 195, 196, 197, 203, 204, and 205, Dalun Section, Zhongli District, Taoyuan City, to the plaintiff. 3. Litigation costs shall be borne by the defendant.
6. Handling Process: (1) Liou New Energy Co., Ltd. previously filed a civil complaint regarding the same matter with the New Taipei District Court on July 10, 2025. However, it failed to pay the court-ordered additional litigation fee of NT$7,666,788, resulting in the court dismissing the case. (2) This case will proceed only after Liou New Energy legally pays the court-ordered litigation fee, at which point the Company will engage legal counsel to prepare a defense and handle related procedures. (3) Furthermore, the two land lease agreements claimed by Liou New Energy were signed by the Company’s former chairman, Huang Li-Zhong, without following the required corporate approval procedures and without any record of seal usage authorization. This violates the Company Act and the Company’s internal regulations, rendering the agreements invalid in the Company’s view. (4) In this regard, the Company previously engaged legal counsel on September 19, 2022, April 11, 2023, and April 22, 2025, to send formal notices to Liou New Energy asserting the invalidity of the two lease agreements, explicitly stating that even if not invalid, the agreements have been legally or contractually terminated or rescinded. Therefore, the agreements claimed by Liou New Energy are not only invalid but have also been terminated or rescinded by the Company’s prior notices, and thus are no longer effective. (5) Additionally, Liou New Energy unlawfully demolished buildings (the Zhongli factory) located on the land covered by the two lease agreements. The Company has already filed a criminal private prosecution for property damage against Chen You-Cheng, the representative of Liou New Energy, and other relevant parties, and is seeking compensation. The cases are currently under review by the Taiwan Taoyuan District Court and the Commercial Court. Moreover, the civil complaint filed by Liou New Energy states that the defendant “failed to deliver the land as agreed under the two lease agreements,” confirming that no delivery procedure was conducted before the Zhongli factory was demolished.
7. Impact on Company's Financial and Business Operations and Estimated Impact Amount: The Company’s operations remain normal, and there is no significant impact on its business or financial condition.
8. Response Measures and Improvement Status: Once Liou New Energy legally pays the litigation fee ordered by the New Taipei District Court, the Company will engage litigation counsel to prepare a defense and handle related procedures to protect the Company’s and shareholders’ interests.
9. Other Matters to be Disclosed: Liou New Energy has once again filed a civil complaint regarding the same matter, clearly aiming to disrupt the Company’s normal operations. Similarly, the former chairman Huang Li-Zhong, who signed the two invalid land lease agreements in violation of the Company Act and internal regulations, continues to use Fuxing Company—controlled through illegal related-party transactions—to delay financial reporting every year, forcing the Company to repeatedly change its trading methods and even face delisting risks, thereby disrupting normal operations. Recently, Wu Mei-Xiu, a close associate of Huang Li-Zhong and Li Cheng-Jin, was detained in connection with the Vision Tech case, revealing a pattern of repeated provocations. The Company urges regulatory and judicial authorities to effectively deter and prevent Huang Li-Zhong, Liou New Energy, and related parties from repeatedly disrupting its operations. Otherwise, not only will the Company and its shareholders suffer, but limited judicial resources will also be wasted.
FACT BOX
- Source: PR Times
- Category: News