1.Date the punishment was imposed: June 17, 2019

2.Recipient of the punishment: HUANG, ○○, the responsible person of the conduct by Brogent Technologies Inc.

3.Legal basis of the punishment: Article 36-1 of the Securities and Exchange Act, and Subparagraph 1, Paragraph 1, Article 30 of the Regulations Governing the Acquisition and Disposal of Assets by Public Companies effective at the time of conduct.

4.Facts of the violation and reasons: Brogent Technologies Inc.’s board of directors had resolved on the capital increase of its subsidiary, Brogent Hong Kong Limited, and the incorporation of an offshore subsidiary, DILI JIE HOLDINGS LIMITED, on January 24, 2018. The transaction amount has reached twenty percent of the company’s paid-in capital at the time of conduct. However, Brogent Technologies Inc. failed to make disclosure and filing within two days from the occurrence of such event. It is deemed as a violation against Subparagraph 1, Paragraph 1, Article 30 of the Regulations Governing the Acquisition and Disposal of Assets by Public Companies. 

5.The disciplinary action: An administrative fine of NT$ 240,000 was imposed on the responsible person of that company’s conduct pursuant to Subparagraph 7, Paragraph 1, Article 178 and Article 179 of the Securities and Exchange Act effective at the time of conduct. 

 

Contact Person: Chang, Ya Chun, Section Chief, Corporate Finance Division, Securities and Futures Bureau

Contact Tel.: 2774-7147

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