Formosa Petrochemical : Announcement for the NTD 3 million penalty imposed by Tainan Environmental Protection Bureau in accordance with Article 52 of the Waste Disposal Act.

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Provided by: Formosa Petrochemical Corp
SEQ_NO	1	Date of announcement	2022/03/17	Time of announcement	17:31:32
Subject	Announcement for the NTD 3 million penalty imposed by Tainan Environmental Protection Bureau in accordance with Article 52 of the Waste Disposal Act.
Date of events	2022/03/17	To which item it meets	paragraph 26
Statement	1.Date of occurrence of the event:2022/03/17 2.Cause of occurrence: Tainan EPB determined that the bottom ash generated from Circulating Fluidized Bed Boilers (CFB) which used in Madou Guan Hui and Zuojhen Hong Sheng sand and gravel storage fields were "Waste" after the inspection on 24 January 2013 (While the object were legitimately registered as "Products" by Yunlin County Government); Tainan EPB again imposed the company in the amount of NTD 3 million for the reason that there is no improvement within a limited time period, and ask the company to improve within a limited time period. 3.Handling procedure: The Company will file the administrative remedy and pay the fine within the legal time period in advance. 4.Anticipated possible loss or impact:NTD 3 million. 5.Amount of insurance claims that might be obtained:None. 6.Improvement status and future countermeasures: The Company will file the administrative remedy to protect the Company's rights. 7.Any other matters that need to be specified:None.