Disclosure of the important content and progress of
lawsuits related to the Company��s oil products
Date of events
2022/01/19
To which item it meets
paragraph 51
Statement
1.Date of occurrence of the event:2022/01/19
2.Company name:Wei Chuan Foods Corporation
3.Relationship to the Company (please enter ��head office�� or
��subsidiaries��):Head office
4.Reciprocal shareholding ratios:Not applicable
5.Cause of occurrence:
The Company discloses the important content and progress of
lawsuits related to its oil products in accordance with the
requirement stipulated in the official letter issued by
Taiwan Stock Exchange on February 21, 2017.
6.Countermeasures:
For the lawsuit filed by the Consumers�� Foundation against
the Company over the use of lard oils imported from Vietnam
by Ting Hsin Oil & Fat Industrial Co., Ltd. and provided by
Cheng-I Food Co., Ltd. for compensation, the Taiwan Taipei
District Court has ruled in the first instance that the
Company did not need to offer compensation. After an appeal
was filed by the Consumers�� Foundation, the Taiwan High
Court still ruled on August 13, 2019 that the Company did
not have to offer compensation. However, the Consumers��
Foundation refused to accept the judgment and has filed
another appeal. On 19 January 2022, the Company received
the main text of the Supreme Court judgment rejecting the
Consumers Foundation's appeal against the Company, and the
Company's determination of no compensation has been
determined. The judgment in this case did not adversely
affect the Company's financial business.
7.Any other matters that need to be specified:
Not applicable
Attachments
Original Link
Original Document
Permalink
Disclaimer
Wei Chuan Foods Corp. published this content on 19 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 January 2022 11:01:08 UTC.
Wei Chuan Foods Corp. is a Taiwan-based company principally engaged in the manufacture and sales of food products. The Company and its subsidiaries operate through five segments. Food segment manufactures food products of dairy series, beverage series, convenience food series, cold storage series, salad series, nutritional and health series and others. Operation segment is engaged in the operation of supermarkets and the wholesales and retailing of tea. Packaging Materials segment manufactures food molds and plastic bottle tops. Development segment is engaged in the trading and leasing of real estates. Other businesses include importing and exporting, logistics management, the trading of vegetables and fruits and agriculture and fishery products, the design and construction of petrochemical plants and investment businesses, among others.