Regarding the United Daily News(UDN) “Bank fraud case of New Site Industries Inc.(NSI)” on 28 Mar 2020
From：
SEQ_NO
1
Date of announcement
2020/03/29
Time of announcement
13:06:47
Subject
Regarding the United Daily News(UDN) “Bank fraud case
of New Site Industries Inc.(NSI)” on 28 Mar 2020
Date of events
2020/03/28
To which item it meets
paragraph 51
Statement
1.Date of occurrence of the event:2020/03/28
2.Company name:Far Eastern New Century Corp.
3.Relationship to the Company (please enter ”head office” or ”subsidiaries”):The Company
4.Reciprocal shareholding ratios:N/A
5.Name of the reporting media:United Daily News(UDN)
6.Content of the report:
The Taipei District Prosecutors Office searched counter suppliers including Far Eastern Textiles for the bank fraud case of NSI on 27 Mar 2020.
7.Cause of occurrence: To clarify the information published in UDN A8 section on 28 Mar 2020
8.Countermeasures:
1.The news is incorrect that there was no search or investigation conducted by the authorities on 27 Mar 2020.
2.This is the case happened in 2009 that NSI defrauded the financial institutions by using the related transaction documents with the Company.
After the investigation, the Company is under no legal obligation.
3.On 27 Mar 2020, the authority requested the Company to provide related documents to assist NSI investigations.
4.There is no impact on the Company’s financials and operations.
9.Any other matters that need to be specified:NIL
