Corporate Director Replaces Designated Board Representative
Original: 公告本公司之法人董事改派代表人
Summary
PSMC announces that one of its institutional (legal-entity) board directors has designated a new natural-person representative to exercise board rights on its behalf, replacing the previously appointed individual. Under Taiwan's Company Act, a corporate shareholder holding a board seat must name a specific individual to attend and vote at board meetings; swapping that designee constitutes a material disclosure event. Full body available on MOPS.
Full Translation
Subject-line translation: 'Announcement that our company's institutional director has changed its designated representative.' In Taiwan corporate governance, a legal-entity director (法人董事) — typically a major corporate shareholder or government entity that holds a board seat — is required to formally appoint a natural person to represent it at board meetings and execute board duties. When that designated representative is replaced (改派), the listed company must publish a material-information announcement on MOPS. This filing signals a personnel change at board level, though the identity of the institutional director involved and the incoming versus outgoing representatives are disclosed in the full announcement body. [Body not available — subject line only. See MOPS for full announcement.]