1.Date the punishment was imposed: May 4 2020

2.Recipient of the punishment: Wu, ○○, the responsible person for the conduct by Formosa Oilseed Processing Co., Ltd.

3.Legal basis of the punishment: Article 36-1 of the Securities and Exchange Act (The Competent Authority shall prescribe rules governing the applicable scope, work procedures, required public announcements, required filings, and other matters for compliance for major financial or operational actions of public companies such as acquisition or disposal of assets, engaging in derivatives trading, extension of monetary loans to others, endorsements or guarantees for others, and disclosure of financial projections.), and Paragraph 1 of Article 7 of the Regulations Governing the Acquisition and Disposal of Assets by Public Companies  (A public company shall handle acquisition or disposal matters in compliance with its procedures for the acquisition or disposal of assets.)

4.Facts of the violation and reasons: Formosa Oilseed Processing Co., Ltd. acquired the shares of Shin Tai Industry Co., Ltd. by means of after-hours large quantity trading on August 12, August 14 and November 21, 2019. However, for the three transactions, the payment request forms or the payment orders were only signed off by the chairman Wu, ○○ and the vice chairman at that time instead of being executed by the financial unit. This violated Paragraph 1 of Article 7 of the Regulations Governing the Acquisition and Disposal of Assets by Public Companies concerning the procedures for handling the acquisition or disposal of assets.

5.The disciplinary action: A fine of NT$240,000 was imposed on the responsible person for the conduct pursuant to Subparagraph 11, Paragraph 1, Article 178, and Article 179 of the Securities and Exchange Act.