Reported about 1 year ago
Taiwan's Formosa Plastics Group held its shareholders' meeting today, marking the last time Chairman Lin Chien-nan presides over the meeting. After electing a new board of directors, Lin will step down as chairman, with board member Guo Wen-bi taking over while Lin transitions to the group's senior advisor. Lin's departure signals a new generational shift within the Formosa Plastics Group. Despite a challenging year with a decline in revenue and profits, Lin expressed apologies to shareholders and shared the company's commitment to AI innovation and R&D, including collaborations with NVIDIA to enhance efficiency in petrochemical operations. Lin concluded the meeting with a message of hope for a better tomorrow.
Source: YAHOO