Follow-Up Clarification on Material Information
Issued on March 8, 2022 Regarding Ex-Chairwoman of
the Company
Date of events
2022/04/12
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 High
Prosecutors Office
3.Reference/Case number of relevant documents of the legal matter:
2022 Higher Court Reconsideration of Ruling Document No. 2792
4.Date of occurrence of the event:2022/04/12
5.Details of occurrence (including the matter under dispute):On March
10, 2022, the Company issued a public announcement to clarify media
covering regarding the ex-chairperson of the Company on March 8, 2022.
The news report alleged that Lin, Chin-Yen violated the Securities and
Exchange Act during her tenure as the chairperson of the Company and its
subsidiary, Tailin Investment Company Limited. On February 25, 2022,
the Taiwan Taipei District Prosecutor's Office confirmed that it would
not proceed with further prosecution. Furthermore, on April 1, 2022,
Taiwan High Prosecutors Office had dismissed the ex officio
reconsideration of the ruling submitted by Taiwan Taipei District
Prosecutor's Office. Such is the confirmation that the prosecutors
office shall not pursue further prosecution. The dismissal also confirms
that Lin, Chin-Yen had not violated the Securities and Exchange Act
during her tenure as the chairperson of the Company and its subsidiary,
Tailin Investment Company Limited, as alleged by the media covering.
In other words, after the investigation of the prosecutors office,
the innocence of Ms. Lin, Chin-Yen has been restored.
6.Handling procedure:None.
7.Impact on the Company's finance and business and projected amount:None.
8.Countermeasures and improvement status:To inform investors who might
be unaware that the case has concluded, the Company therefore, issues
a public announcement to disclose the material information on Market
Observation Post System so as to protect the investor interests.
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 12 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 April 2022 07:20:03 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 