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Giantplus Technology Holds EGM for Board Reshuffle to Resolve Financial Reporting Delay
Electronic Technology · Electronic Components · economic_daily · 2026-08-24
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Giantplus Technology has convened an extraordinary general meeting to elect a new board of directors, aiming to address the suspension of its stock trading caused by delayed financial reporting.
What Happened
Board Restructuring: Giantplus Technology held an extraordinary general meeting on the 24th to conduct a full election for seven board seats. The company plans to convene a board meeting immediately following the session to approve its second-quarter financial results.
Reporting Delays: Due to significant changes in equity and management control, the company failed to file its second-quarter 2026 financial report by the regulatory deadline. Consequently, the Taiwan Stock Exchange suspended trading of the company's shares starting August 19th.
Leadership Transition: Following a board meeting in late June, Xiang Fu-chi, representing Juyi Investment, was elected as the new chairman. The company maintains that its core business operations and financial health remain stable despite the administrative challenges.
Regulatory Status: The Taiwan Stock Exchange issued a formal notice on August 17th regarding the suspension of trading. Investors are closely watching whether the board reshuffle and the subsequent filing of financial reports will satisfy regulatory requirements for the resumption of trading.
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