MediaTek Capital Board Convened to Act in Lieu of Extraordinary Shareholders' Meeting
Original: 代重要子公司聯發資本股份有限公司公告召集董事會 (代行臨時股東會)
Summary
MediaTek (2454) filed this disclosure on behalf of its material subsidiary, MediaTek Capital Co., Ltd. (聯發資本股份有限公司), announcing that a board of directors meeting has been called to exercise the powers of an extraordinary general shareholders' meeting (EGM). Under Taiwan's Company Act, this mechanism is used when the board acts in lieu of convening a full shareholder vote, typically preceding significant corporate actions such as capital restructuring, amendments to the articles of incorporation, or major investment resolutions. Full body available on MOPS.
Full Translation
On behalf of its material subsidiary MediaTek Capital Co., Ltd. (聯發資本股份有限公司), MediaTek (TWSE: 2454) announces the convening of a board of directors meeting, which will act in the capacity of an extraordinary shareholders' meeting (代行臨時股東會). The subject line structure — '召集董事會 (代行臨時股東會)' — indicates that the board, rather than a separately convened shareholder assembly, is being formally summoned to discharge the functions normally reserved for an extraordinary general meeting. Under Articles of the Taiwan Company Act permitting this procedure, material resolutions — potentially including capital increases or decreases, bylaw amendments, significant disposals of assets, or inter-company transactions — may be approved at this session. The fact that this disclosure is filed by the listed parent (MediaTek) on behalf of the subsidiary reflects the subsidiary's designation as a 'material subsidiary' (重要子公司) under TWSE disclosure rules, meaning its decisions can have a material impact on consolidated financials. [Body not available — subject line only. See MOPS for full announcement.]