Insider Trading
Rules and implementation of preventing insider trading:
The Company provides “Compliance Brochure for Director and Supervisors” to newly elected directors and managers while they are on board, and also offers education propaganda about prevention of insider trading from competent authority to directors and managers at least once a year. The Company has set an insider trading prevention management procedure, procedures for handling material inside information, etc. Upon actual learning of material information about the Company having an impact on its share price, directors, supervisors, managers, related parties to the persons under the previous subparagraph, and any person who has learned about the information due to professional or controlling relationship shall not, after the information is confirmed, before it is rendered public or within 18 hours after the publication of the information, purchase or sell any shares or other equity securities of the Company listed on the stock exchange or over-the-counter market in its own name or in the name of any other person. The Company amended its “Corporate Governance Best Practice Principles” to prohibit all directors from trading its shares during the closed period of 30 days prior to the publication of the annual financial reports and 15 days prior to the publication of the quarterly financial reports. To avoid violating regulations, the Company sends e-mails to its directors to remind them of the dates of the Board of Directors and the blackout period of the Company’s financial statements.
In 2024, the Company sent emails on Jan. 9th, Jan. 29th, Apr. 12th, July 29th, and Aug. 12th separately to notify the dates of the Board of Directors and the blackout periods of the Company’s financial statements to remind directors to avoid violating regulations. On May 6th, 2024, the Company reported to the Board of Directors the execution results of internal significant information handling and measures taken to prevent insider trading.
The Company held education and training to all directors and the management team, and promoted confidential information, prevention of insider trading and related topics to colleagues by means of video clip to deepen their understanding of professional ethics and legal compliance.