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Administrative Sanction

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Administrative Fine Imposed on the Responsible Person of ARBOR Technology Corp. (Listed Company 3594)

1.Date the fine was imposed: December 25, 2019
2.Recipient of the fine: ARBOR Technology Corp.
3.Legal basis of the fine: Article 36-1, Paragraph 1 of Article 17 of the Regulations Governing Loaning of Funds Making of Endorsements/Guarantees by Public Companies.
4.Facts of the violation and reasons: The resolution of the board of ARBOR Technology Corp. approved on November 13, 2019 to endorse Amobile Intelligent Corp. Limit with a guarantee of NT$236,240,000, which exceeded the self-restricted amount of NT$180,307,000 and has violated Paragraph 1 of Article 17 of the Regulations Governing Loaning of Funds Making of Endorsements/Guarantees by Public.
5.Resulting fine: Sentenced to the fine, NT$240,000, in accordance with Article 36-1, Paragraph 1(11) of Article 178 and Article 179 of the Securities and Exchange Act
Visitor: 1170   Update: 2020-01-10
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