Administrative Fine Imposed on the Responsible Person of QST International Corp.

I. Date the fine was imposed: March 30th, 2015
II. The party upon whom the penalty was imposed: Mr. Wu, the responsible person of QST International Corp.
III. Statutory basis of the penalty: Article 36-1, Securities and Exchange Act, and Article 10 of Regulations Governing the Acquisition and Disposal of Assets by Public Companies.
IV. Facts and reasons of the violation:
QST International Corp. acquired shares of W ACT Corporation through a resolution by the Board on May 14, 2014. However, the acquired price was referred to the net value of the latest self-assessed financial statements of QST International Corp., and not the latest financial statements audited or reviewed by certified public accountant for assessment of the trading price. This fact was found to be in violation of Article 10 of “Regulations Governing the Acquisition and Disposal of Assets by Public Companies.”
V. Result of the disciplinary action: According to Subparagraph 7, Paragraph 1, Article 178 and Paragraph 1, Article 179 of Securities and Exchange Act, we imposed a fine of NT$ 240,000 on the responsible person of the company.

Contact Information: Mr. Lin, Wen-Cheng, Section Chief, Corporate Finance Division, Securities and Futures Bureau
Contact Number: +886-2-2774-7311
Please submit your inquiries in the message through the following URL: http://fscmail.fsc.gov.tw/FSC-SPS/SPSB/SPSB01002.aspx