Follow-Up Clarification on Material Information
Issued on March 8, 2022 Regarding Ex-Chairwoman of
the Company
Date of events
2022/03/10
To which item it meets
paragraph 2
Statement
1.Parties to the legal matter:Ex-chairwoman of the Company, Lin, Chin-Yen
2.Name of the court or punishing agency of the legal matter:Taiwan Taipei
District Prosecutor's Office
3.Reference/Case number of relevant documents of the legal matter:2020
Investigation No. 18308
4.Date of occurrence of the event:2022/03/10
5.Details of occurrence (including the matter under dispute):On March 8,
2022, the Company disclosed the material information pertaining to its
ex-chairwoman. The reporting described that during her tenure as the
chairwoman of the Company and its wholly-owned subsidiary, Tailin
Investment Company Limited, Ms. Lin, Chin-Yen allegedly violated
offenses of breach of trust and Securities and Exchange Act. After
investigation, the prosecutor's office decided not to proceed with
prosecution. Further clarification pertaining to the prosecutor's
decision is as follows: On February 25, 2022, Taiwan Taipei District
Prosecutor's Office confirms not to proceed with prosecution
(documentation date by clerk: March 8, 2022). For the breach of trust,
it is not subject to reconsideration and therefore, it is confirmed
that no prosecution shall be pursued. For the violation of Securities
and Exchange Act, the prosecutor shall ex officio send the ruling for
reconsideration. As per the meticulous investigation detailed in the
disciplinary citation by the prosecutor, the ex-chairwoman, Ms. Lin,
Chin-Yen indeed did not violate Securities and Exchange Act and offenses
of breach of trust, which is consistent with the previous news reporting.
The prosecutor's decision not to pursue prosecution proves Ms. Lin's
innocence, as well as the Company's in not violating any regulations
handling the matter. To inform the investor community and implement
the principle of information disclosure, the Company thus issue this
clarification.
6.Handling procedure:None.
7.Impact on the Company's finance and business and projected amount:None.
8.Countermeasures and improvement status:Disclose material information
on Market Observation Post System to protect investors' interest.
9.Any other matters that need to be specified:The historical incident is
not directly related to the Company's operation, and therefore does
not affect the Company financially.
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Disclaimer
TTC - Taiwan Tea Corporation published this content on 10 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 March 2022 11:12:01 UTC.
Taiwan Tea Corp is a Taiwan-based company mainly engaged in the trading of goods. The Company operates through two business segments. The Goods Trading segment is mainly engaged in the production and sale of tea and other agricultural and forestry products, the trading of imported goods, including food and wine products, and leisure tourism. The Asset segment is mainly engaged in the management of land assets, such as inspections on lowering current conditions, land and house leasing and contract swaps. When someone wants to subscribe for land, The Company handles the relevant operations of land lease.
TAIWAN TEA CORPORATION 
