Administrative Fine Imposed on the Responsible Person of Unitel High Technology Co., Ltd.
2016-11-30
1. Date the fine was imposed: 30 November 2016.
2. Recipient of the fine: Hsu○○, responsible person of Unitel High Technology Co., Ltd.("Unitel")
3. Legal basis of the fine: Paragraph 8, Article 26-3, Securities and Exchange Act. Paragraph 1, Article 16, Regulations Governing Procedure for Board of Directors Meetings of Public Companies.
4. Facts of the violation and reasons: One of the agenda item of Unitel’s board meeting on July 1, 2016 showed a conflict of interest with a corporation, Chang-Hung Investment Ltd., who is also Unitel’s director represented by natural persons including Hsu○○. Accordingly, the aforesaid directors’ failures to disclose the material facts of such conflict during the discussion of the said motion and to recuse themselves from voting has violated paragraph 1, Article 16 of the Regulations Governing Procedure for Board of Directors Meetings of Public Companies.
5. Resulting fine: An administrative fine of NT$240,000 was imposed on the responsible person of Unitel, pursuant to Subparagraph 7, Paragraph 1, Article 178 and Article 179 of the Securities and Exchange Act.
2. Recipient of the fine: Hsu○○, responsible person of Unitel High Technology Co., Ltd.("Unitel")
3. Legal basis of the fine: Paragraph 8, Article 26-3, Securities and Exchange Act. Paragraph 1, Article 16, Regulations Governing Procedure for Board of Directors Meetings of Public Companies.
4. Facts of the violation and reasons: One of the agenda item of Unitel’s board meeting on July 1, 2016 showed a conflict of interest with a corporation, Chang-Hung Investment Ltd., who is also Unitel’s director represented by natural persons including Hsu○○. Accordingly, the aforesaid directors’ failures to disclose the material facts of such conflict during the discussion of the said motion and to recuse themselves from voting has violated paragraph 1, Article 16 of the Regulations Governing Procedure for Board of Directors Meetings of Public Companies.
5. Resulting fine: An administrative fine of NT$240,000 was imposed on the responsible person of Unitel, pursuant to Subparagraph 7, Paragraph 1, Article 178 and Article 179 of the Securities and Exchange Act.
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Update：
2016-12-23