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Administrative Fine Imposed on the Responsible Person of Powtec ElectroChemical Corporation (Listed Company 6444)

1.Date the fine was imposed: November 21, 2019
2.Recipient of the fine: Powtec ElectroChemical Corporation
3.Legal basis of the fine: Paragraph 1(2) of Article 36 and Paragraph 1 of Article 178 of the Securities and Exchange Act.
4.Facts of the violation and reasons:Powtec ElectroChemical Corporation failed to have its CPA to re-review financial statements and complete the regulatory filing of said financial statements for the Q2 2019  in accordance with Jin-Guan-Zheng-Shen-Zi No. 1080334515 dated October 24, 2019.
5.Resulting fine: Sentenced to the fine for the responsible person of the company, NT$240,000, in accordance with Paragraphs 1(2) of Article 36, Paragraph 1(4) of Article 178 and Article 179 of the Securities and Exchange Act.
Visitor: 1734   Update: 2019-11-28