Roo Hsing Co. Ltd. announced punishment by the Financial Supervisory Commission. The Company failed to announce and report the certified second quarter Financial Statement within 45 days after the end of 2nd quarter which violates Art.36 Item 1, Subparagraph 2 of the Securities Exchange Law;(2) The Company failed to announce and report the certified second quarter Financial Statement and certified third quarter
Financial Statement within 45 days after the end of 3rd quarter which both violate Art.36 Item 1, Subparagraph 2 of the Securities Exchange Law. Anticipated possible loss or impact: FSA imposed the person in charge a fine of TWD 240,000 on August 16, 2022. FSA imposed the person in charge a fine of TWD 480,000 on November 15, 2022. FSA imposed the person in charge a fine of TWD 720,000 on December 21, 2022. FSA imposed the person in charge a fine of TWD 720,000 on February 1, 2023. Amount of insurance claims that might be obtained: N/A. Improvement status and future countermeasures: The company has completed the announcement of the financial report for the second quarter of 2022, and will continue to fully cooperate with the company's auditors, and complete the announcement of the financial report for the third quarter of 2022 as soon as possible in accordance with the law.