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Administrative Sanction

Fine imposed on the responsible person of Dadny Inc. (TPEx listed Company, code: 3089)

I.    Date the fine was imposed:March 17, 2017
II.    Recipient of the fine/punishment:Shi, XX (hereinafter “Shi”), the responsible person of Dadny Inc. (hereinafter “Dadny”).
III.    Legal basis of the fine/punishment:Article 36-1 of the Securities and Exchange Act and Article 10 of Regulations Governing the Acquisition and Disposal of Assets by Public Companies.
IV.    Facts of the violation and reasons:The Board of Directors of Dadny resolved to dispose of the equities of Priceplay Co. on January 3, 2016 and signed an equity transaction agreement with Xinyi International Co. on March 4 of the same year with the transaction amount of NT$437,340 thousand. However, Dadny failed to request CPAs to state opinions on the reasonableness of the transaction price, which was in violation of Article 10 of the Regulations Governing the Acquisition and Disposal of Assets by Public Companies.
V.    The discipline action:A fine of NT$240,000 is imposed on the responsible person of the company in accordance with Subparagraph 7, Paragraph 1, Article 178 and Paragraph 1, Article 179 of the Securities and Exchange Act.

Contact Unit:Division Chief Ms. Chang, Corporate Finance Division of Securities and Futures Bureau
Contact Number:2774-7409
If you have any questions, please visit:
http://fscmail.fsc.gov.tw/FSC-SPS/SPSB/SPSB01002.aspx
Visitor: 465   Update: 2017-03-27