Act Governing Relations between the People of the Taiwan Area and the Mainland Area Article 93-1

Any person to whom any of the following situations apply shall be punished by the competent authority with an administrative fine of not less than one hundred and twenty thousand but not more than twenty five million New Taiwan Dollars. In addition thereto, the competent authority may order the violator to cease or withdraw such investment or to rectify the violation within a specified time limit, and may suspend the violator’s shareholder’s rights if the circumstances should warrant. In the event that the violator fails to cease or withdraw the investment or to rectify the violation within the required time limit, the competent authority may impose consecutive fines upon the violator for each and every violation until the violator ceases or withdraws the investment or rectifies the violation, and may, if the circumstances should warrant, inform the competent authority for company registration to revoke or nullify the violator’s company recognition or registration, as the case may be.1. Making an investment in violation of Paragraph 1 of Article 73.2. Providing or allowing one’s name to be used by the violator referenced in the preceding subparagraph to make investment.Any person who fails to file the required information, fails to make truthful or complete filing of information or evades, impedes, or refuses the competent authority’s inspection in violation of Paragraph 4 of Article 73 may be punished by the competent authority with an administrative fine of not less than sixty thousand but not more than two million five hundred thousand New Taiwan Dollars. In addition thereto, the competent authority shall order the violator to file or rectify the information or to accept inspection within a specified time limit. In the event that the violator fails to file or rectify the information or to accept inspection within the required time limit, the competent authority may impose consecutive fines upon the violator for each and every violation until the violator makes the required filing or rectification or accepts inspection, as the case may be.Any enterprise permitted to make investment in accordance with Paragraph 1 of Article 73 who violates the reinvestment related rules promulgated in accordance with Paragraph 3 of Article 73 may be punished by the competent authority with an administrative fine of not less than sixty thousand but not more than two million five hundred thousand New Taiwan Dollars. In addition thereto, the competent authority shall order the violator to rectify the violation within a specified time limit. In the event the violator fails to rectify the violation within the required time limit, the competent authority may impose consecutive fines upon the violator for each and every violation until the violation is rectified.Any investor or investing enterprise that fails to apply for the review and determination or to file the required information or to make truthful or complete filing of information in violation of the regulations promulgated in accordance with Paragraph 3 of Article 73 may be punished by the competent authority with an administrative fine of not less than sixty thousand but not more than two million five hundred thousand New Taiwan Dollars. In addition thereto, the competent authority may order the violator to apply for a review and determination, file the required information, or make rectification within a specified time limit. In the event the violator fails to apply for the review and determination, file the required information, or make the rectification within the required time limit, the competent authority may impose consecutive fines upon the violator for each and every violation until the violator makes the required application for review and determination, filing of information or rectification.Any agent of an investor who files untruthful information intentionally or with gross negligence may be punished by the competent authority with an administrative fine of not less than sixty thousand but not more than two million five hundred thousand New Taiwan Dollars.Any violator of Paragraph 1 through Paragraph 4 hereof whose violation is deemed minor may be first ordered to rectify the violation pursuant to each applicable Paragraph within a specific time limit, and may be exempt from the prescribed penalties thereof after completion of the rectification.