Release Date: 2026/07/10 Statement Date: 2026/07/09 Statement Time: 20:11:01 Company Code: 1225 Company Name: Formosa Oil Subject: Announcement of Penalty Imposed by Taichung City Government Applicable Clause: Item 26 Factual Event Date: 2026/07/09
Details: 1. Factual Event Date: 2026/07/09 2. Entity Involved: Our Company 3. Reason for Incident (Event Description): Benzopyrene (BaP) was detected in the product 'Grade 1 Soybean Oil' manufactured by our contract manufacturer, Zhonglian Oils Co., Ltd., which failed to meet regulatory standards. Taichung City Government determined that our company had delayed reporting and other deficiencies, and therefore imposed a fine of NT$3 million under Article 7, Paragraph 5 of the Food Safety and Sanitation Management Act. 4. Handling Process: We will implement relevant improvements as advised by the competent authority. 5. Penalty Details: A fine of NT$3,000,000. 6. Whether a Penalty Was Imposed: Yes 7. Amount of Fine (NT$): 3,000,000 8. Estimated Potential Loss or Impact: NT$3,000,000 9. Amount Potentially Covered by Insurance (NT$): None 10. Improvement Status and Future Measures: We will carry out improvement measures as directed by the competent authority. Company operations remain normal. 11. Has a Major Information Announcement on the Same Incident Been Made Previously: No 12. Other Matters to Be Disclosed: None
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- Source: PR Times
- Category: News