Subsidiary CTBC Securities Investment Trust: Board Passes Key Resolutions in Lieu of Shareholder Meeting
Original: 代子公司中國信託證券投資信託(股)公司 公告董事會代行股東會重要決議事項。
Summary
CTBC Financial Holding (2891) is filing on behalf of its subsidiary, CTBC Securities Investment Trust Co., Ltd., to disclose that the subsidiary's Board of Directors has exercised shareholder-meeting authority to approve important resolutions. Under Taiwan's Company Act, the board of a wholly-owned subsidiary may act in lieu of a general shareholders' meeting for specified matters, which commonly include profit distribution, capital adjustments, or amendments to articles of incorporation. The specific content of the resolutions is not available from the subject line alone; full details are on MOPS.
Full Translation
CTBC Financial Holding Co. (中信金控), acting on behalf of its subsidiary CTBC Securities Investment Trust Co., Ltd. (中國信託證券投資信託股份有限公司), hereby announces that the subsidiary's Board of Directors has convened and resolved important matters by exercising the powers ordinarily reserved for a Shareholders' Meeting (董事會代行股東會決議). This mechanism is permitted under Taiwan's Company Act for companies whose shares are wholly held by a parent entity, allowing the board to substitute for a formal general meeting when passing resolutions on significant corporate matters such as earnings distribution, capital structure changes, or governance amendments. The specific resolutions approved are not disclosed in this subject-line filing. [Body not available — subject line only. See MOPS for full announcement.]