Recently, Xin Hua Tai Fu, a financially sound over-the-counter company, has encountered a legal and media assault from market predators using a 'vulture model'. The company has issued a stern statement, urging authorities and judicial units to uphold market order and protect investors' rights.

Xin Hua Tai Fu pointed out that these market forces have misled judicial procedures by utilizing aggressive legal tactics and obtaining unfavorable rulings against the company with minimal surety. This has not only forced the postponement of a scheduled shareholders' meeting but also complicated the re-election of the board, exposing the company to risks of fraud and seizure of management rights.

According to media reports and public information, individuals within this market faction are accused of intervening in corporate governance through control of seals, requesting the court for temporary injunctions, and obstructing the convening of shareholders' meetings. They misled the court by securing favorable rulings for only approximately NT$1.65 million and NT$2 million, which have significantly delayed board re-elections and financial report approvals, forcing the company to incur additional costs, resulting in concrete damages to the company and its investors.

Xin Hua Tai Fu emphasized that such legal tactics, akin to using a small amount to gamble against larger entities, could severely damage functioning businesses. The company particularly highlighted that these 'market vultures' are not creators of value but rather aim to seize control of the company's management through low-price buyouts, stock speculation, and abuse of judicial procedures. Although their plans have not yet completely succeeded, their actions have already caused severe disruptions to the company’s operations and shaken investor confidence, even affecting employee morale within its educational ventures.

Xin Hua Tai Fu has urged all investors to exercise caution in evaluating information sources in order to avoid being misled by false information and external factors. The company has received indications that certain market participants are planning to manipulate stock prices and news, enticing retail investors to enter the market only to exploit them later, thereby influencing the outcomes of board elections. According to public information, documents submitted by the company, and media reports, the court has issued interim measures against certain individuals involved, as well as those backing them.

Xin Hua Tai Fu pointed out that these individuals have recently allegedly been disseminating false information via the internet and media to create an illusion of chaos in corporate governance, aiming to improperly intervene in management. They questioned whether this 'vulture group' has been colluding for coordinated operations in manipulating stock prices and reverse soliciting proxies to further interfere with the board composition and corporate governance. The company has warned that such practices may be taking place in the Taiwanese capital market.

In response to the sudden incident that took place on April 21, involving individuals who had been issued temporary restraining orders from the court and should not have conducted any legal actions, the self-proclaimed chairman disrupted normal work activities in the company. Xin Hua Tai Fu released a stern statement: on the morning of April 21, several unidentified individuals entered the company’s office area without prior notice or permission, interfering with employees’ work and severely impacting the company’s operations. The company immediately contacted legal advisors, and managers moderated the situation, moving discussions to a conference room. However, the situation was misrepresented, and distorted information maliciously circulated online to tarnish the company and its employees’ image. The company has reported this matter to the police and will pursue legal responsibility for slander and defamation.

Upon investigation, it was found that one of the individuals who entered the company claimed to be a creditor of Zheng Xiang-Ren, and their private debt dispute with some market shareholders is unrelated to the company and was not invited or instructed by the company. Lastly, Xin Hua Tai Fu reiterates: 1. We uphold corporate governance, maintain company stability, and protect the rights of all shareholders - this is our fundamental duty. 2. We fear no challenges and will not allow the vulture group to take advantage, and we will continue to take all necessary legal actions to foster order in the capital market. 3. We will firmly combat the vulture group and will not allow them to prey on legitimate companies, ensuring the judiciary is not used as a tool for their plunder.