Today's Information

Provided by: Taiwan Cement Corp.
SEQ_NO 3 Date of announcement 2022/08/12 Time of announcement 13:42:31
Subject 
 Announce on behalf of subsidiary, Hoping Power, on Supreme
Administrative Court verdict
Date of events 2022/08/12 To which item it meets paragraph 51
Statement 
1.Date of occurrence of the event:2022/08/12
2.Company name:Hoping Power Company
3.Relationship to the Company (please enter "head office" or
  "subsidiaries"):subsidiaries
4.Reciprocal shareholding ratios:TCC owns 60% directly and indirectly
5.Cause of occurrence:
 In 2013, Fair Trade Commission deemed Hoping Power Company
 (hereafter referred to as Hoping Power) participated in a
 concerted action which violated Item 1 of Article 14 of the Fair
 Trade Act,and issued a fine of more than NT$1.3 billion. The
 aforementioned concerted action case went through the process of
 petition, administrative litigations, reverse and remand.
 Today, a final court decision was published on the Judicial Yuan
 website: abandon initial court decision and reject petition filed
 by Hoping Power.
6.Countermeasures:
 Hoping Power has yet to receive official documents for the final
 verdict but has entrusted legal representatives to discuss
 further remedies and procedures in order to protect Company rights.
7.Any other matters that need to be specified:
 Hoping Power has already paid all fines in 2019, hence, this
 final verdict does not have material impact on the financial
 status of Hoping Power.

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Disclaimer

TCC - Taiwan Cement Corporation published this content on 12 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 August 2022 05:48:01 UTC.