1.Date the punishment was imposed: August 8 2019

2.Recipient of the punishment: Ting, ○○,and CHAO, ○○, the responsible person of the conduct by YOKO International Corp. 

3.Legal basis of the punishment: Paragraph 8, Article 26-3 of the Securities and Exchange Act, and Paragraph 2, Article 3 of the Regulations Governing Procedure for Board of Directors Meetings of Public Companies.

4.Facts of the violation and reasons: YOKO International Corp. held board meetings between December 2017 and May 2018. Every director and supervisor was notified of the meetings by e-mail, however, the messages did not specify the reasons for convening the meetings (missing details or without any reasons recorded), which violated the terms specified in Paragraph 2, Article 3 of the Regulations Governing Procedure for Board of Directors Meetings of Public Companies.

5.The disciplinary action: An administrative fine of NT$240,000 was imposed on the responsible person of that company’s conduct respectively pursuant to Sub-paragraph 9, Paragraph 1, Article 178, and Article 179 of the Securities and Exchange Act.

 

Contact Person: Section Chief Lin, Wen-Cheng, Corporate Finance Division, Securities and Futures Bureau  

Contact Tel.: 2774-7311

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