1.Date the punishment was imposed: June 18, 2019

2.Recipient of the punishment: Responsible person of corporate conduct by Ting Sin Co., Ltd., Wu, ○○.

3.Legal basis of the punishment: Paragraph 8, Article 26-3 of the Securities and Exchange Act, and Paragraph 1, Article 16 of the Regulations Governing Procedure for Board of Directors Meetings of Public Companies.

4.Facts of the violation and reason: Said Company convened the Board meeting on December 22, 2017 to discuss the measures for the year-end bonus. Certain directors were interested parties but failed to disclose the important aspects of such an interested party relationship in that Board meeting; neither did they avoid the discussion or voting during the said meeting. It is deemed as a violation of Paragraph 1, Article 16 of the Regulations Governing Procedure for Board of Directors Meetings of Public Companies, where a director who is an interested party fails to state the important aspects of the interested party relationship at the respective Board meeting; when the relationship is likely to prejudice the interests of the company, the director may not participate in discussion or voting on that agenda item, and further, shall enter recusal during discussion and voting on that item.

5.The disciplinary action: An administrative fine of NT$240,000 is imposed on the responsible person of the foregoing misconduct pursuant to Sub-paragraph 7, Paragraph 1, Article 178, and Paragraph 1, Article 179, of the Securities and Exchange Act, and Article 25 of the Administrative Penalty Act.

 

Contact Officer: Chang, Ya chun, Section Chief, Corporate Finance Division, Securities and Futures Bureau

Contact Tel.: 2774-7147

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