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Administrative Fine Is Imposed on the Responsible Person of China FineBlanking Technology Co., Ltd.

 
1.Date the punishment was imposed: March 26, 2019
2.Recipient of the punishment: Responsible person Huang xx of China FineBlanking Technology Co., Ltd.
3.Legal basis of the punishment: Paragraph 8, Article 26-3; Subparagraph 7, Paragraph 1, Article 178; and Paragraph 1, Article 179 of the Securities and Exchange Act; and Paragraph 2, Article 3 of the Regulations Governing Procedure for Board of Directors Meetings of Public Companies.
4.Facts of the violation and reasons: China FineBlanking Technology Co., Ltd. convened board of directors meetings respectively on July 21, August 9, September 1, October 2, November 8 and December 27 of 2017; and April 2 of 2018. While none of the meetings was convened for matters of urgency, the Company did not send any notice to the directors seven days prior to the meeting, specifying the purpose of the meeting. This has violated Paragraph 2, Article 3 of the Regulations Governing Procedure for Board of Directors Meetings of Public Companies, which stipulates that, “The reasons for calling a board of directors meeting shall be notified to each director and supervisor at least seven days in advance.”   
5.The disciplinary action: Pursuant to Subparagraph 7, Paragraph 1, Article 178 and Paragraph 1, Article 179 of the Securities and Exchange Act, an administrative fine of NTD240, 000 is imposed on the responsible person of the Company. 
 
Contact: Section Head Tsai, Corporate Finance Division, Securities and Futures Bureau
Telephone: 2774-7126
Should you have any questions, please write to us at email
 
 
Visitor: 1164   Update: 2019-04-01