Punishment of Administrative Fine Imposed on the Responsible Person of Sunf Pu Technology Co., Ltd. (OTC Company, Securities Code 5488)
2018-10-05
1.Date the punishment was imposed: October 5, 2018
2.Recipient of the punishment: Responsible person of corporate conduct by Sunf Pu Technology Co., Ltd., Lou, ○○.
3.Legal basis of the punishment: Article 36-1 of the Securities and Exchange Act and paragraph 1, Article 33 of the Regulations Governing the Acquisition and Disposal of Assets by Public Companies.
4.Facts of the violation and reason: The subsidiary of Sunf Pu Technology Co., Ltd. (hereinafter referred to as the “Company”), SUNF PU ELECTRIC WIRE & CABLE CO., LTD, signed a certain memorandum with Kunshan You-Ao Trade Limited on January 11, 2018 transferring the shareholdings of Songpu Technology （Suzhou） Limited Company. The parties to the transaction and the amount were ascertained, and the transaction account had reached 20% of the Company’s paid-in capital. Nevertheless, the Company did not publish the information related to the foregoing transaction on behalf of its subsidiary until June 26, 2018, and had therefore violated paragraph 1, Article 33 of the Regulations Governing the Acquisition and Disposal of Assets by Public Companies
5.The disciplinary action: An administrative fine of NT$240,000 is imposed on the responsible person of the foregoing misconduct pursuant to subparagraph 7, paragraph 1, Article 178, and paragraph 1, Article 179, of the Securities and Exchange Act.
2.Recipient of the punishment: Responsible person of corporate conduct by Sunf Pu Technology Co., Ltd., Lou, ○○.
3.Legal basis of the punishment: Article 36-1 of the Securities and Exchange Act and paragraph 1, Article 33 of the Regulations Governing the Acquisition and Disposal of Assets by Public Companies.
4.Facts of the violation and reason: The subsidiary of Sunf Pu Technology Co., Ltd. (hereinafter referred to as the “Company”), SUNF PU ELECTRIC WIRE & CABLE CO., LTD, signed a certain memorandum with Kunshan You-Ao Trade Limited on January 11, 2018 transferring the shareholdings of Songpu Technology （Suzhou） Limited Company. The parties to the transaction and the amount were ascertained, and the transaction account had reached 20% of the Company’s paid-in capital. Nevertheless, the Company did not publish the information related to the foregoing transaction on behalf of its subsidiary until June 26, 2018, and had therefore violated paragraph 1, Article 33 of the Regulations Governing the Acquisition and Disposal of Assets by Public Companies
5.The disciplinary action: An administrative fine of NT$240,000 is imposed on the responsible person of the foregoing misconduct pursuant to subparagraph 7, paragraph 1, Article 178, and paragraph 1, Article 179, of the Securities and Exchange Act.
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Update：
2018-10-22