After Senwei, another wind power stock will be delisted, and 43,000 shareholders will become wallpapers

The stock exchange announced that Yongguan-KY will be delisted on November 18. (File photo)

[Reporter Chen Yongji/Report from Taipei] The Taiwan Stock Exchange stated that Yongguan-KY (1589) previously failed to announce and file its 2025 financial report in accordance with the deadline specified by law. According to the provisions of Article 50-3, Paragraph 1, Paragraph 1, of the Exchange's Business Rules, the Taiwan Stock Exchange announced that it has stopped trading its listed securities on the centralized securities exchange market starting from April 7, 2026. The trading suspension period has expired for six months on October 7. According to the business rules of the stock exchange, the listing of Yongguan-KY securities should be terminated. The stock exchange announced that Yongguan-KY securities will terminate the listing and stop public offering from November 18 this year.

Yongguan-KY has experienced successive business crises this year. In addition to financial difficulties, all three independent directors have resigned before and failed to complete by-elections within the deadline, making the number of independent directors below the required threshold.

In addition, the company's fourth unsecured conversion corporate bond previously issued in Taiwan failed to reach a settlement agreement with relevant creditors because the debt was overdue for more than three months, resulting in an increase in overall financial and credit risks.

However, the stock exchange stated that Yongguan-KY has announced the termination of listing of its listed securities but has not yet implemented it. If at least 8 business days before the implementation date (0:00 on November 6), a supplementary announcement is made to declare the 2025 financial report that has not been submitted according to the deadline, and the application is submitted to the stock exchange with relevant evidence, the stock exchange will exempt the company from the implementation of the termination of listing.