1. Date the fine was imposed: May 3, 2022 
2. Recipient of the fine: Concord Futures Co., Ltd. (hereinafter "Concord Futures") and its associated person Chen (hereinafter " Chen ")
3. Legal basis of the fine: Paragraph 2, Article 2 of the Regulations Governing Futures Commission Merchants, and subparagraph 13, paragraph 2, Article 16 of the Regulations Governing Responsible Persons and Associated Persons of Futures Commission Merchants.
4. Facts of the violation and reasons: During his term of office, Chen, a associated person of Concord Futures, had the fact of engaging or assisting in full discretionary trading on behalf of customers; the firm failed to fulfill its responsibilities of supervision and management, and did not inspect customers who placed online orders with the same IP address. These were inconsistent with the firm's internal control system provisions and are verified to have violated the futures management laws and regulations..
5. Resulting fine: An administrative fine of NT$360,000 was imposed on Concord Futures in accordance with subparagraph 2, paragraph 1, Article 119 of the Futures Trading Act; pursuant to Article 101, paragraph 1 of the same Act to suspend Chen from performing futures business for 6 months.