Photo: Chu Pei-hsiung, Taipei TimesCandidates appointed by institutional investors won seven seats, including two independent director seats, with leading activist investors Wang, Lin Hung-hsin and Eastern Broadcasting Co (東森電視) chairman Lin Wen-yuan (林文淵) elected as new board directors and garnering 1.43 billion, 1.42 billion and 1.42 billion votes respectively. “We will support Lin Wen-yuan as the new chairman and hope to make Tatung prosperous for the next century,” Wang said. “I will continue to protect Tatung as a matter of Taiwanese national security,” Lin Kuo said. Stephen Wu (吳志光), a lawyer at Lee and Li Attorneys-at-Law (理律法律事務所), said that her decision to stay on the board was unusual. The Securities and Futures Investors Protection Center is to continue its lawsuit against Lin Kuo, even though company shareholders elected a new board, and if the agency wins, Lin Kuo would be barred from serving on the board.

Source: Taipei Times October 21, 2020 15:56 UTC