I. Date the fine was imposed: January 5 , 2018
II. Recipient of the fine : Representative of the conduct by Delpha Construction Co., Ltd.
III. Legal basis of the punishment: Paragraph 8, Article 26-3, subsection 7, paragraph 1, Article 178, and paragraph 1, Article 179 of the Securities and Exchange Act, and paragraph 1, Article 16, and subsection 7, paragraph 1, Article 17 of the Regulations Governing Procedure for Board of Directors Meetings of Public Companies.
IV. Facts of the violation and reason: The Board of Directors of the said company passed bonus of the officers on March 9, 2017. On that day, a member of the Board failed to disclose the personal conflict of interest in the aforesaid matters, and the minutes of the Board meeting failed to provide the name of the conflicted director, the material fact of such conflict of interest, grounds for recusal or non-recusal, and the state of recusal. It is therefore determined as a violation against paragraph 1, Article 16 and sub-paragraph 7 ,paragraph 1, Article 17 of the Regulations Governing Procedure for Board of Directors Meetings of Public Companies.
V. Resulting fine : An administrative fine of NT$ 240 thousand is imposed on the representative of the Company’s conduct pursuant to subsection 7, paragraph 1, Article 178 and paragraph 1, Article 179 of the Securities and Exchange Act.
Contact: Section Chief Mr. Wencheng Lin, Corporate Finance Division,Security and Futures Bureau.
Contact number: (886) 2- 2774-7311
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