1. Date of Event: 2026/07/07

2. Company Name: Fushou Industrial Co., Ltd.

3. Relationship to Company: Parent Company (Itself)

4. Cross-shareholding Ratio: Not applicable

5. Media Outlets: Central News Agency, Yahoo News, and other media

6. Report Content: Media reported that the Ministry of Health and Welfare imposed a fine of TWD 165 million on Chung Lien Oils Co., Ltd. for the benzo[a]pyrene food safety incident. Additionally, Taichung City Government stated it will impose a TWD 3 million fine on Fushou Industrial Co., Ltd. under the Food Safety and Sanitation Management Act.

7. Background: (1) The TWD 165 million penalty imposed by the Ministry of Health and Welfare on Chung Lien Oils Co., Ltd. is an administrative action taken by the competent authority against Chung Lien Oils. (2) Fushou Industrial is not the subject of the aforementioned TWD 165 million administrative penalty. Chung Lien Oils is an equity investee of Fushou Industrial. If the penalty is finalized, Fushou will recognize an investment loss in accordance with the 'IFRS International Financial Reporting Standards'. (3) Regarding the media report stating that Taichung City Government will impose a TWD 3 million fine on Fushou Industrial, the company has not yet received any official penalty notice or administrative decision from the competent authority as of this date. (4) With respect to the reported fine amount and related content concerning Fushou Industrial, the company will handle the matter in accordance with relevant regulations upon receipt of formal documentation from the competent authority.

8. Response Measures: The company will continue to cooperate with the competent authorities and carry out information disclosure in compliance with regulations.

9. Other Matters to be Disclosed: None.

FACT BOX

  • Source: PR Times
  • Category: News