Huang Renxun resigned as CEO of Huida. Beijing Municipal Government: Beishike Headquarters is performing its contract normally.

Predetermined location of Beishikehuida headquarters. (File photo)

[Reporter He Yuhua/Taipei Report] Former NVIDIA CEO Huang Jen-Hsun was announced by NVIDIA’s board of directors to resign from the company’s CEO and other positions due to the exposure of his extramarital affair involving national security issues. The Land Affairs Bureau of the Taipei City Government today (1 3) stated that the contracting party for the land rights case of Huida Beishike's overseas headquarters is "Taiwan Huida Classic Co., Ltd.", a subsidiary established by Huida in Taipei City. The performance bond, royalties and ground rent were all paid in accordance with the contract, and the performance of the contract was normal. We urge you not to speculate excessively at this time, lest it affect the mutual trust and contractual integrity of both parties.

The Beijing Municipal Government stated that the construction license of Huida Beishike's overseas headquarters was issued on July 15 this year (115); the underground diaphragm wall project was also reviewed and approved by the Municipal Audit Committee on November 5. The Urban Development Bureau is expected to convene the Municipal Audit Committee at the end of November to review, and after approval and miscellaneous licenses are issued, construction can begin.

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The North City Government further explained that Harvey C. Jones, chairman of Huida’s board of directors, has stated to the public that “the board has full confidence in the leadership team, and we expect the company’s operations to continue without interruption.”

The Beijing Municipal Government stated that the establishment of the overseas headquarters of Taiwan Huida Classic, a subsidiary of Huida Investment, in Beishike was done after careful evaluation and active efforts to obtain the land rights for the project setting. The change of the CEO will not affect the performance of the contract. It is not appropriate to speculate excessively at this time, so as not to affect the mutual trust and contractual integrity of both parties. The city government will continue to implement contract performance management and provide administrative assistance in the future, so that Huida Beishike's overseas headquarters can be completed and opened as soon as possible.