Imposition of Fine on the Responsible Person of Enterex International Limited
2021-09-30
I. Date of sanction: September 30, 2021
II. Object of sanction: XX Wong, the responsible person of Enterex International Limited.
III. Legal basis for the sanction: Article 165-1 of the Securities and Exchange Act, with the provisions of paragraph 7 of Article 26-3, sub-paragraph 9, paragraph 1 of Article 178 and Article 179 of the same Act applicable mutatis mutandis.
IV. Facts of violation: Enterex International Limited elected its current seven directors at its regular shareholders meeting on July 1, 2021. As of July 3, 2021, two independent directors and one corporate director resigned or dismissed and the vacancies of the directors of the company reached one-third of the seats set in its Articles of Association, but no extraordinary general meeting was held for a by-election within 60 days from the date of occurrence and this is verified to have violated the provisions of Article 165-1 of the Securities and Exchange Act, with the provisions of paragraph 7 of Article 26-3 of the same Act applicable mutatis mutandis.
V. Sanction imposed: A fine of NT$240,000 is imposed on the responsible person of the company in accordance with sub-paragraph 9, paragraph 1 of Article 178 and Article 179 of the Securities and Exchange Act.
Contact unit: Section Chief Tsai, Corporate Finance Division, Securities and Futures Bureau
Tel: 02-2774-7126
If you have any questions, please write to：FSCMAIL
II. Object of sanction: XX Wong, the responsible person of Enterex International Limited.
III. Legal basis for the sanction: Article 165-1 of the Securities and Exchange Act, with the provisions of paragraph 7 of Article 26-3, sub-paragraph 9, paragraph 1 of Article 178 and Article 179 of the same Act applicable mutatis mutandis.
IV. Facts of violation: Enterex International Limited elected its current seven directors at its regular shareholders meeting on July 1, 2021. As of July 3, 2021, two independent directors and one corporate director resigned or dismissed and the vacancies of the directors of the company reached one-third of the seats set in its Articles of Association, but no extraordinary general meeting was held for a by-election within 60 days from the date of occurrence and this is verified to have violated the provisions of Article 165-1 of the Securities and Exchange Act, with the provisions of paragraph 7 of Article 26-3 of the same Act applicable mutatis mutandis.
V. Sanction imposed: A fine of NT$240,000 is imposed on the responsible person of the company in accordance with sub-paragraph 9, paragraph 1 of Article 178 and Article 179 of the Securities and Exchange Act.
Contact unit: Section Chief Tsai, Corporate Finance Division, Securities and Futures Bureau
Tel: 02-2774-7126
If you have any questions, please write to：FSCMAIL
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Update：
2021-10-07