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Administrative Sanction

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Administrative Fine Imposed on the Responsible Person of Enlight Corporation (Listed Company2438)



1.    Date the fine was imposed: December 23, 2024
2.    Recipient of the fine: XX Lin, the person responsible for the act of Enlight Corporation
3.    Legal basis of the fine: Article 36-1, sub-paragraph 11, paragraph 1, Article 178 and Article 179 of the Securities and Exchange Act, and paragraph 1, Article 7 and item 1, sub-paragraph 4, paragraph 1, Article 31 of the Regulations Governing the Acquisition and Disposal of Assets by Public Companies. 
4.    Facts of the violation and reasons: Enlight Corporation signed an equipment procurement contract with BESTA Co., Ltd. on September 13, 2024; however, the company did not submit the contract to the board of directors for approval in accordance with point 7 of its Asset Acquisition or Disposal Procedures. Also, on September 19, 2024, the board of directors passed a resolution to purchase equipment from the same counterparty and the cumulative transaction amount of the subject matters of the same nature obtained from the same counterparty within one year reached NT$500 million; however, the company delayed the announcement and declaration. These are verified to have violated paragraph 1, Article 7 and item 1, sub-paragraph 4, paragraph 1, Article 31 of the Regulations Governing the Acquisition and Disposal of Assets by Public Companies.
5.    Resulting fine: A fine of NT$240,000 is imposed on the person responsible for the act in accordance with sub-paragraph 11, paragraph 1, Article 178 and Article 179 of the Securities and Exchange Act.
 
Visitor: 218   Update: 2025-01-02
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