Lingchu's board has just one director left, unable to form a quorum.CITE:E2
Shareholding and management changes have reduced the board to a single sitting director, leaving the company unable to legally convene a board meeting to approve its 2026 second-quarter consolidated financial report.CITE:E2 Lingchu said the lack of quorum also means it cannot meet the regulatory deadline for disclosing and filing that report.CITE:E8
Lingchu shares hit limit-down on Aug. 17 and face a trading halt from Aug. 19.CITE:E3CITE:E1
Lingchu stock closed limit-down at NT$15.10 on Aug. 17, on trading volume of 2,498 lots.CITE:E3 The Taiwan Stock Exchange said the same day it would suspend trading in Lingchu's listed shares starting Aug. 19, as a disciplinary measure tied to the ownership and management changes.CITE:E6 Lingchu itself confirmed its shares would stop trading from Aug. 19.CITE:E1
| Metric | Value | Date |
|---|---|---|
| Sitting board directors | 1 | Aug. 17–18, 2026 |
| Stock price (limit-down close) | NT$15.10 | Aug. 17, 2026 |
| Trading volume | 2,498 lots | Aug. 17, 2026 |
| Trading halt start | — | Aug. 19, 2026 |
| Extraordinary shareholders meeting | — | Aug. 24, 2026 |
Lingchu will hold a shareholder meeting Aug. 24 to fully reelect its board.CITE:E4
The extraordinary shareholders meeting is intended to replace the entire board, and Lingchu plans to convene the new board the same day to take up the still-unapproved second-quarter report.CITE:E9
Lingchu says its daily operations, finances and business dealings remain normal.CITE:E5
The company said its daily operations, financial activities and business dealings are all proceeding normally, and that its relationships with customers, suppliers and financial institutions have not been affected.CITE:E5 Lingchu reiterated that the board composition change has caused no interruption to its operating or financial activities.CITE:E10
The sequence Lingchu has disclosed runs in order: an ownership and management change first left the board with only one director, which by itself blocked approval of the Q2 report.CITE:E2CITE:E8 That same disruption led the Taiwan Stock Exchange to order a trading halt from Aug. 19, a day after shares had already closed limit-down at NT$15.10 on volume of 2,498 lots.CITE:E6CITE:E3 Lingchu's fix for both problems is the same date — Aug. 24, when it plans to reelect a full board and immediately put the outstanding Q2 report before that new board.CITE:E4CITE:E9 Until then, the company maintains that operations, financing and business relationships are unaffected, even though the stock cannot trade and the earnings report remains unapproved.CITE:E5CITE:E10
Just one, after shareholding and management changes reduced the board.<CITE:E2>
From Aug. 19, 2026, per the Taiwan Stock Exchange's disciplinary order.<CITE:E1><CITE:E6>
Aug. 24, 2026, the same day as the shareholder meeting to reelect the board.<CITE:E9>
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