Release Date: 1150717 Statement Date: 1150716 Statement Time: 181021 Company Code: 1225 Company Name: Formosa Oil Subject: Clarification Regarding Media Reports Applicable Clause: Clause 51 Event Date: 1150716

Details: 1. Event Date: 115/07/16 2. Company Name: Formosa Oil Co., Ltd. 3. Relationship with Company (please enter本公司or Subsidiary):本公司 4. Cross-shareholding Ratio: Not applicable 5. Media Name: Reports by Liberty Times and other media 6. Report Content: Regarding the incident where salad oil supplied by Chung Lien Oils (Corp.) was found to have benzo(a)pyrene (BaP) levels not meeting regulatory standards, the Taichung District Court has officially ruled on July 14, 115, to approve the seizure of real estate assets, including land and buildings, under the name of Formosa Oil Co., Ltd.

7. Reason for Occurrence: To protect consumer rights and ensure the future enforcement of confiscation and recovery procedures for illegal gains, the Taichung District Prosecutors Office petitioned the Taichung District Court to seize real estate assets, including land and buildings, owned by Formosa Oil Co., Ltd. The Taichung District Court approved the petition on July 14, 115, and the Taichung District Prosecutors Office has legally notified the land administration authorities to proceed with the seizure registration.

8. Response Measures: The company has not yet received official documentation from the competent authority. Upon receipt, it will carry out information disclosure in accordance with regulations.

9. Other Matters to be Disclosed: None

FACT BOX

  • Source: PR Times
  • Category: News
  • Dates in source: 1150716