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Administrative Sanction

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Penalty case of the responsible person of Rich Horizon International Touch Media Corporation (a publicly traded company with a stock code 6656)

1.Time of penalty: November 26, 2019
2.Parties of punishment: Responsible persons, Mr. xx Yu of Rich Horizon International Touch Media Corporation.
3.Basis of disciplinary disposition: Paragraph 5 and 7 of Article 192-1 and Paragraph 1 and 2 of Article 216-1 of the Company Act.
4.Descriptions of violations: The nominating shareholders have provided a list of board of director and supervisor candidates and securities passbooks showing that their shareholding has reached 1% of the total issued shares of Rich Horizon International Touch Media Corporation (hereinafter referred to as Rich Horizon) during the announcement period of accepting nomination. However, Rich Horizon has not included the list of directors and supervisors nominated by the shareholders, which is in violation of Paragraph 5 of Article 192-1(The board of directors or other authorized conveners of shareholders’ meetings shall examine and/or screen the data and information of each director candidate nominated; and shall include all qualified director candidates in the final roster of director candidates.) and Paragraph 1 of Article 216-1 describing the provisions of Paragraph 5 of Article 192-1 of the Company Act.
5.Results of penalty: According to Paragraph 7 of Article 192-1 and Paragraph 2 of Article 216-1 of the Company Act, the responsible person of the Company is to be fined for NT$240,000.
Visitor: 252   Update: 2019-12-23