the Act. If GL fails to rectify the financial statements, Form 56-1 and Form 56-2 promptly, it may be liable to violation of Section 56 of the Act. In addition, if the GL management fails to administer
Heaven to make the additional disclosure of the tender offer to ensure that the information given to the public is correct and complete. If the offeror fails to meet the deadline on September 19, the
operations and its status as a listed company may be in jeopardy if the meeting fails to agree on the election of new directors. The extraordinary general meeting No.1/2018 is scheduled to take place on
the SEC to order directors and executives who are responsible for the company’s disclosure to provide a clarification themselves if the company fails to disclose such material events; moreover, if a
shareholders’ equity in the financial statements for the latest financial year submitted to the SEC. In the case where a company fails to submit the financial statements for the latest financial year but
fails to comply with the SEC Board’ order pursuant to Section 35, Paragraph 2, of the Digital Asset Business Law, within a specified period of time, the SEC Board may propose to the Miniter of Finance for
in any particular case. If an offender fails to pay a civil penalty, in full or in part despite already agreed upon, or refuses to comply with a civil sanction, the SEC may seek the Civil Court's
applicant fails to comply with the post-approval conditions. The amendments on whitewash are in accordance with the existing principles whereby the applicant shall be granted a waiver provided that the
the consideration of withdrawal cause in the event that listed company has financial problems or fails to comply with the regulations and thus generate severe impact, for example, the shareholders
fails to comply with the Appeal Court’s judgement, SEC shall proceed with legal execution in accordance with the legal process in due course.”In any case, the civil penalty and the compensation for the