Subsidiary Xiang-Fa Investment Reappoints Corporate-Representative Director and Chairman
Original: 代重要子公司翔發投資(股)公司公告法人股東重新指派董事 暨任董事長
Summary
On behalf of its material subsidiary Xiang-Fa Investment Co., Ltd., MediaTek announces that an institutional (corporate) shareholder has re-designated its board representative director, and that the newly designated director has been appointed as Chairman of Xiang-Fa Investment. This represents a board-level governance change at a subsidiary that MediaTek has classified as 'material' under TWSE disclosure rules, signaling it may have strategic or operational significance. Full body available on MOPS.
Full Translation
Subject-line translation: 'Filing on behalf of material subsidiary Xiang-Fa Investment Co., Ltd. — institutional shareholder re-designates director representative; newly designated director appointed as Chairman.' Interpretive context: Under Taiwan corporate law, a legal-person (法人) shareholder that holds a board seat may, at any time, recall and replace the natural person it nominates to sit on the board on its behalf (§27 Company Act). This filing indicates such a substitution has occurred at Xiang-Fa Investment, and that the incoming representative has simultaneously taken the Chairman role — a position that carries significant authority over the subsidiary's day-to-day operations and strategic direction. Because MediaTek characterises Xiang-Fa Investment as an 'important subsidiary' (重要子公司), changes at its board leadership are subject to mandatory TWSE material-information disclosure. [Body not available — subject line only. See MOPS for full announcement.]