A total of 657 companies listed on the Taiwan Stock Exchange (TWSE) and the Taipei Exchange (TPEX) are this year required to upload their annual reports in English before their annual shareholders’ meetings, the Financial Supervisory Commission (FSC) said on Thursday.
Listed companies that have paid-in capital of NT$2 billion (US$70.95 million) or more, and those with 30 percent shares held by foreign investors, are required to upload English-language annual reports to the Market Observation Post System seven days before their annual meeting, the commission said.
The requirements are stricter than last year, when the commission demanded that only companies with paid-in capital of NT$10 billion or more must prepare reports in English.
Photo: Kelson Wang, Taipei Times
As a result, 657 firms — 518 TWSE-listed companies and 139 TPEX-listed firms — need to provide English-language reports this year, from 351 firms last year, the commission said.
From 2023, all TWSE-listed companies and TPEX-listed firms with paid-in capital of NT$600 million would be required to have their annual reports in English for investors, Securities and Futures Bureau Deputy Director-General Tsai Li-ling (蔡麗玲) said.
Meanwhile, due to the COVID-19 pandemic, the maximum number of shareholder meetings allowed to be held on the same day has been lowered to 90, from the cap of 100 last year, Tsai said.
So far, there are nine dates that have reached the limit: June 10, June 11, June 16, June 17, June 18, June 22, June 24, June 25 and June 29, she added.
OpenAI has warned US lawmakers that its Chinese rival DeepSeek (深度求索) is using unfair and increasingly sophisticated methods to extract results from leading US artificial intelligence (AI) models to train the next generation of its breakthrough R1 chatbot, a memo reviewed by Bloomberg News showed. In the memo, sent on Thursday to the US House of Representatives Select Committee on China, OpenAI said that DeepSeek had used so-called distillation techniques as part of “ongoing efforts to free-ride on the capabilities developed by OpenAI and other US frontier labs.” The company said it had detected “new, obfuscated methods” designed to evade OpenAI’s defenses
NEW IMPORTS: Car dealer PG Union Corp said it would consider introducing US-made models such as the Jeep Grand Cherokee and Stellantis’ RAM 1500 to Taiwan Tesla Taiwan yesterday said that it does not plan to cut its car prices in the wake of Washington and Taipei signing the Agreement on Reciprocal Trade on Thursday to eliminate tariffs on US-made cars. On the other hand, Mercedes-Benz Taiwan said it is planning to lower the price of its five models imported from the US after the zero tariff comes into effect. Tesla in a statement said it has no plan to adjust the prices of the US-made Model 3, Model S and Model X as tariffs are not the only factor the automaker uses to determine pricing policies. Tesla said
Australian singer Kylie Minogue says “nothing compares” to performing live, but becoming an international wine magnate in under six years has been quite a thrill for the Spinning Around star. Minogue launched her first own-label wine in 2020 in partnership with celebrity drinks expert Paul Schaafsma, starting with a basic rose but quickly expanding to include sparkling, no-alcohol and premium rose offerings. The actress and singer has since wracked up sales of around 25 million bottles, with her carefully branded products pitched at low-to mid-range prices in dozens of countries. Britain, Australia and the United States are the biggest markets. “Nothing compares to performing
AUSPICIOUS TIMING: Ostensibly looking to spike the guns of domestic rivals, ByteDance launched the upgrade to coincide with the Lunar New Year China’s ByteDance Ltd (字節跳動) has rolled out its Doubao 2.0 model, an upgrade of the country’s most widely used artificial-intelligence (AI) app, the company announced on Saturday. ByteDance is one of several Chinese firms hoping to generate overseas and domestic buzz around its new AI models during the Lunar New Year holiday, which began yesterday, when hundreds of millions of Chinese partake in family gatherings in their hometowns. The company, like rival Alibaba Group Holding Ltd (阿里巴巴), was caught off-guard by DeepSeek’s (深度求索) meteoric rise to global fame during last year’s Spring Festival, when Silicon Valley and investors worldwide were
RSS