Clarification of CTWANT Weekly's March 21, 2022 report
· Issued by Kinpo Electronics, Inc.
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Today's Information
Provided by: KINPO ELECTRONICS, INC.
SEQ_NO
2
Date of announcement
2022/03/21
Time of announcement
12:54:14
Subject
Clarification of CTWANT Weekly's March 21, 2022 report
Date of events
2022/03/21
To which item it meets
paragraph 51
Statement
1.Date of occurrence of the event:2022/03/21
2.Company name:KINPO Electronics, Inc.
3.Relationship with the Company (please enter "the company itself" or
"subsidiaries"):the company itself
4.Reciprocal shareholding percentage:NA
5.Name of the reporting media:CTWANT Weekly
6.Content of the report:Hsu, Sheng-Hsiung, the Chairman of KINPO, was
accused of illegally selling Innolux shares with a huge loss of NT$640
million.
7.Cause of occurrence:The Company and its subsidiary Jipo Investment's
disposal of Innolux shares is handled in accordance with the company's
Disposition Procedures for the Acquisition or Disposal of Assets. The
Company will reserve the right to pursue legal action from the shareholder
and the media.
8.Countermeasures:Clarification as above.
9.Any other matters that need to be specified:None.
