I.    Date of sanction: June 10, 2022
II.   Object of sanction: XX Chiu, the person responsible for the act of Taiwan Land Development Corporation. (Hereinafter as “TLDC”)
III.   Legal basis for the sanction: Article 36-1, subparagraph 11, paragraph 1, Article 178 and Article 179 of the Securities and Exchange Act, and paragraph 4, Article 31 of the Regulations Governing the Acquisition and Disposal of Assets by Public Companies.
IV.   Fact of violation: TLDC failed to announce and declare before April 11, 2022 (deferred due to a holiday) and May 10, 2022 the derivative product trading information for March and April 2022, respectively, and this is verified to have violated paragraph 4, Article 31 of the Regulations Governing the Acquisition and Disposal of Assets by Public Companies.
V.    Sanction imposed: A fine of NT$240,000 is imposed on the responsible person of the TLDC for the act above in accordance with subparagraph 11, paragraph 1, Article 178 and Article 179 of the Securities and Exchange Act.

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