I.Date of disciplinary action: June 23, 2020

II.Object of disciplinary action: XX Chiu, legal representative of Mitake Inc.

III.Legal basis for the disciplinary action: Subparagraph 2 paragraph 3, Article 36 of the Securities and Exchange Act.

IV.Fact of law violation:

Mitake Inc. received the mobile phone SMS special code service contract sent by Chunghwa Telecom Co., Ltd. on April 28, 2020 (the contract period starts from May 1, 2020 to April 30, 2021) to increase the SMS service fee, which has a material impact on the company''s financial status. However, the company did not announce and report the relevant information until May 5, 2020, and thus caused a material impact on the rights and interests of investors, and violated the provisions of subparagraph 2, paragraph 3, Article 36 of the Securities and Exchange Act concerning the requirement that a public announcement and reporting be made within two days after the occurrence of the fact.

V.Disciplinary action imposed: A fine of NT$480,000 is imposed on the legal representative of the company in accordance with subparagraph 4, paragraph 1, Article 178 and paragraph 1, Article 179 of the Securities and Exchange Act.

 

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