1. Date the penalty was imposed: 25 December 2012
 2. Recipient of the penalty: Union Securities Investment Trust Co., and former fund manager Ho XX.
3. Legal basis of the penalty: Article 77, paragraphs 1 and 2 of the Securities Investment Trust and Consulting Act, and Article 13, paragraph 2, subparagraph 1, and Article 14, paragraphs 1 and 2 of the Regulations Governing Responsible Persons and Associated Persons of Securities Investment Trust Enterprises.
4. Facts of the violation and reasons: Ho XX, a former fund manager at Union Securities Investment Trust Co., during his employment conducted trading of several of the same securities as those in the fund that Ho XX managed, based on information that he learned of in the course of his duties, as well as trading the same stocks as those in other funds managed by the company, and yet failed to duly file any report with the company, thus violating laws related to the governance of securities investment trusts.
5. Results of penalty: Union Securities Investment Trust Co. was issued an administrative fine of NT$600,000 pursuant to Article 111, subparagraph 7 of the Securities Investment Trust and Consulting Act, and was ordered to suspend former fund manager Ho XX from duties for one year pursuant to Article 104 of the same Act.