Administrative Fine Imposed on the Responsible Person of SHENMAO TECHNOLOGY INC. (Listed Company3305)
1. Date the fine was imposed:July 28, 2023
2. Recipient of the fine: SHENMAO TECHNOLOGY INC.
3. Legal basis of the fine: Article 36-1of the Securities and Exchange Act, Article 3 (2) of the Regulations Governing Loaning of Funds Making of Endorsements/Guarantees by Public Companies
4. Facts of the violation and reasons: It was found that SHENMAO TECHNOLOGY INC.loan and take back for more than 1 year, and, therefore, the company is in violation of Article 3(2) of the Regulations Governing Loaning of Funds for Making Endorsements/Guarantees by Public Companies.
5. Resulting fine: Sentenced to the fine, NT$240,000, in accordance with Article 36-1 ,Paragraph 1(11) of Article 178 and Paragraph 1 of Article 179 of the Securities and Exchange Act.