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Administrative Sanction

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Administrative Fine was Imposed on the Responsible Person of CHINA WIRE & CABLE CO., LTD. (Listed Company 1603)

1.Date the punishment was imposed: October 16 2019
2.Recipient of the punishment: Chen, ○○ , the responsible person of the conduct by CHINA WIRE & CABLE CO., LTD. 
3.Legal basis of the punishment: Paragraph 4, Article 36 of the Securities and Exchange Act, and Sub-paragraph 1, Paragraph 1, Article 23 of the Regulations Governing Information to be Published in Annual Reports of Public Companies.
4.Facts of the violation and reasons: CHINA WIRE & CABLE CO., LTD. convened a general shareholders’ meeting on June 27, 2019. Notwithstanding, it failed to announce its annual report within 7 days prior to the shareholders’ meeting and, therefore, should be held violating the subparagraph 1, Paragraph 1, Article 23 of the Regulations Governing Information to be Published in Annual Reports 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 pursuant to Sub-paragraph 4, 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.: (02)2774-7311
Please send your inquiry to: FSCmail
Visitor: 251   Update: 2019-10-25