1. Date the punishment was imposed: October 17, 2017

2. Recipient of the punishment: Yang, ○○, responsible person of the conduct by Ho Tung Cement Co., Ltd.

3. Legal basis of the punishment: Article 36-1 of the Securities and Exchange Act, Paragraph 1, Article 14 and Paragraph 1, Article 30 of the Regulations Governing the Acquisition and Disposal of Assets by Public Companies.

4. Facts of the violation and reasons: Ho Tung Cement Co., Ltd. entered into certain land sales and purchase contract with a related party on September 1, 2016, and pay the prices on December 30, 2016. However, the transaction was not reported to the Board meeting for ratification until April 28, 2017, and the relevant transaction information was not announced and filed until September 22, 2017. It is deemed as a violation against Paragraph 1, Article 14 and Paragraph 1, Article 30 of the Regulations Governing the Acquisition and Disposal of Assets by Public Companies.

5. The disciplinary action: The responsible person of the conduct by the Company is charged with the punishment of administrative fine of NTD 240,000 pursuant to Subparagraph 7, Paragraph 1, Article 178, and Paragraph 1, Article 179 of the Securities and Exchange Act.

Contact Office: Securities and Futures Bureau, Corporate Finance Division

Contact Numbers: (02) 2774-7409

Please send your inquiry to: 

http://fscmail.fsc.gov.tw/FSC-SPS/SPSB/SPSB01002.aspx