Today's Information

Provided by: TAIWAN FERTILIZER CO., LTD.
SEQ_NO 1 Date of announcement 2022/03/17 Time of announcement 17:05:25
Subject 
 Supplementary Instructions 2021/09/22,2021/10/6,
2022/1/18,2022/2/14 Important information
Date of events 2022/03/17 To which item it meets paragraph 2
Statement 
1.Parties to the legal matter:
Creditor Dongzheng Investment Consulting Co., Ltd.
Debtor Taiwan Fertilizer Co., Ltd.
2.Name of the court or punishing agency of the legal matter:
Taiwan Shilin District Court
3.Reference/Case number of relevant documents of the legal matter:
Academician Qing 110 Si Zhi Quan Zhuang Zi No. 231, High Court 110
Nian Kang Zi No. 779,Supreme Court 110 Year Tai Kang Zi No. 1409,
Academician Qing 111 Si Zhi Quan Zhuang Zi No. 25.
4.Date of occurrence of the event:2022/03/17
5.Details of occurrence (including the matter under dispute):
The case provisional injunction  enforcement between the creditor
Dongzheng Investment Consulting Co., Ltd. and the debtor Taiwan
Fertilizer Co., Ltd.The debtor should Yi Shi Yuan Qing 110 Si Zhi
Quan Zhuang Zi No. 231 (prohibit the company to be located on the
land No. 12 of the Economic and Trade Section of Nangang District,
Taipei City, such as the Taipei City Government Urban Development
Bureau 106 Year Jian Zi No. 56 Building License Office There are 6
floors and 50 parking spaces on the ground in Building B of the
displayed building, which can be used by others or by others,
or for renting, lending,etc.) and the Executive Order No. 25
of Zhiquanzhuangzi of Qing 111 of the Academy of Sciences
(prohibiting the company to be located in There are 799 basement
parking spaces on Land No. 12, Economic and Trade Section, Nangang
District, Taipei City, which are handed over to a third person for
use, or for lending or leasing).
6.Handling procedure:
(1) The company's appeal against the Taipei District Court's 110
Nian Nian Quan Zi No. 162 false disciplinary ruling on the basis
of the Shiyuan Qing 110 Si Zhi Quan Zhuang Zi No. 231 execution
order was dismissed by the Taiwan High Court.A retrial was issued
on December 6, 2021 and a lawyer was appointed to file a re-protest.
(2) On October 5, 2021, the company accepted the Civil Ruling of
Taiwan High Court 110 Years Kang Zi No. 779, and abandoned the
Taiwan Taipei District Court 110 Years Quan Zi No. 162 of the
false disposition guarantee, and the guarantee amount was
NT$592,956,000 The dollar was changed to NTD 201,390,000. The
company issued a retrial on October 6, 2021 and appointed a lawyer
to file a re-protest.On January 18, 2022, the Supreme Court ruled
that the appeal was dismissed with the 110-year Taikang Zi No. 1409,
and the guarantee fund was determined. The company issued a retrial
on January 18, 2022.
(3) Regarding the ruling of the Taiwan High Court No. 1365 of the
110 Years of the High Court on which the Enforcement Order of Qing
111 Division Zhi Quan Zhuang Zi No. 25 of the Academy of
was based (the security deposit is NT$ 165,640,000), the company
has made a decision in February 2022 A heavy message was issued
on the 14th, and a further protest was filed.
7.Impact on the Company's finance and business and projected amount:
Guarantee for false disposition is the amount that the court estimates
that the debtor is required to provide a guarantee in advance from
the creditor due to the damages suffered by the debtor due to the
fact that the debtor cannot use the subject matter during the period
(4.5 to 5 years) from when the creditor initiates the lawsuit to
the determination of the judgment. It has been damaged by this.
According to the method of court guarantee, it is estimated that
the annual short-term rent of the company due to the two false
punishments is between 80 million and 165 million yuan.
However, the actual damages incurred by the company as a result
of the false punishment will still be subject to litigation.
The period and the outcome of the lawsuit vary. Currently, there is
no material impact on the finance or business of the Company.
If the debtor wins the subsequent lawsuit, it will claim compensation
for losses such as short-term rent collection and lease cancellation
during this period, not limited to the scope of the guarantee determined
by the court.
8.Countermeasures and improvement status:The company has filed re-appeal.
9.Any other matters that need to be specified:NO.

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Taiwan Fertilizer Co. Ltd. published this content on 17 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 March 2022 09:10:08 UTC.