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More companies to file reports in English




  • By Kao Shih-ching / reporter

A total of 657 companies listed on the Taiwan Stock Exchange (TWSE) and the Taipei Stock Exchange (TPEX) are required to upload their annual reports in English this year ahead of their annual shareholder meetings, the Financial Supervisory Commission said on Thursday. (FSC).

Listed companies with paid-up capital of NT $ 2 billion (US $ 70.95 million) or more, and those with 30% of the shares held by foreign investors, are required to download annual reports in English at 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 should prepare reports in English.

Photo: Kelson Wang, Taipei Times

As a result, 657 companies, 518 TWSE-listed companies and 139 TPEX-listed companies are due to report in English this year, up from 351 companies last year, the commission said.

From 2023, all companies listed on TWSE and TPEX with paid-up capital of NT $ 600 million will be required to have their annual reports in English for investors, said Deputy Managing Director of the Securities and Futures Bureau, Tsai Li-. ling (). .

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 100 last year, Tsai said.

So far, nine dates 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.

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