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Administrative Fine Imposed on the Responsible Person of Sinyi Realty Inc.

1.    Date the fine was imposed: 18 December 2012
2.    Recipient of the fine: The person responsible for the act, Zhou ○○, of Sinyi Realty Inc.
3.    Legal basis of the fine: Article 36-1 of the Securities and Exchange Act and Article 30, paragraph 1 of the Regulations Governing the Acquisition and Disposal of Assets by Public Companies.
4.    Facts of the violation and reasons: Capital increases in the amounts of NT$500 million and NT$465 million were carried out for subsidiary Da-Chia Construction Co. Ltd. in accordance with resolutions of the board of directors of Sinyi Realty Inc. made on 14 February and 21 June 2012. Sinyi Realty, however, did not publicly announce and file reports of the increases until 11 October 2012, and was accordingly found to have violated Article 30, paragraph 1, subparagraph 1 of the Regulations Governing the Acquisition and Disposal of Assets by Public Companies.
5.    Resulting fine: an administrative fine of NT$240,000 was imposed on the company''''s person responsible for the violation, in accordance with Article 36-1, Article 178, paragraph 1, subparagraph 7, and Article 179 of the Securities and Exchange Act.

Visitor: 921   Update: 2013-01-30
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