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Enforcement

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Administrative Fine Imposed on the Responsible Person of HOLD JINN ELECTRONICS CO., LTD. (Listed Company 3191)

1. Date the fine was imposed: September 3, 2019
2. Recipient of the fine: HOLD JINN ELECTRONICS CO., LTD.
3. Legal basis of the fine: Article 36-1, Paragraph 1(11) of Article 178 and Article 179 of the Securities and Exchange Act
4. Facts of the violation and reasons:
It was determined that on December 2018, Kun Shan Hold Jinn Co., Ltd., a subsidiary of Hold Jinn Electronics Co., Ltd. (hereinafter referred to as Hold Jinn), had provided a loan of NT$2,013 (thousand) to Hold Jinn''s former vice chairman. However, Hold Jinn did not disclose such information on the Loans and Information Disclosure Schedule during the period between December 2018 and April 2019 before submitting the supplementary information on May 28, 2019, and, therefore, should be held violating Article 21 of the Regulations Governing Loaning of Funds Making of Endorsements/Guarantees by Public Companies.
5. Resulting fine: Sentenced to the fine, NT$240,000, in accordance with Article 36-1, Paragraph 1(11) of Article 178 and Article 179 of the Securities and Exchange Act and Article 21 of the Regulations Governing Loaning of Funds Making of Endorsements/Guarantees by Public Companies.
Visitor: 176   Update: 2019-09-18