1. Date the fine was imposed: 25 November, 2020. 

2. Recipient of the fine: President Securities Co., Ltd. (hereinafter "President Securities") and its employee Huang (hereinafter "Huang ").

3. Legal basis of the fine: Article 2, paragraph 1, paragraph 2, Article 55, subparagraph 16, subparagraph 17 of the Regulations Governing Futures Commission Merchants. Article 16, paragraph 2 of the Regulations Governing Responsible Persons and Associated Persons of Futures Commission Merchants. Article 4, paragraph 1, subparagraph 3 and article 6, paragraph 2 of Regulations Governing the Establishment of Internal Control Systems by Service Enterprises in Securities and Futures Markets.

4. Facts of the violation and reasons: Huang used his personal computer not registered with President Securities to conduct futures trading through his 4G mobile phone network at the business place of President Securities during working hours, agreed to provide discretionary trading services, thereby making decisions on a customer''s behalf concerning type, quantity, and price with respect to futures trades, and use the account of other futures trader to engage in futures trading. Besides, internal auditors of President Securities performed the internal audit without keeping relevant documentations. All such facts were found to be in violation of futures regulations.

5. Resulting fine: An administrative fine of NT$360,000 was imposed on President Securities pursuant to Article 119, paragraph 1, subparagraph 2 of the Futures Trading Act; pursuant to Article 101, paragraph 1 of the same Act, Huang is suspended from performing futures trading business for 3 months.