Yung Kwan-KY Fined NT$30,000 for Violating Major Information Disclosure Regulations

According to reports from the Finance Center, the Taiwan Stock Exchange has imposed a fine of NT$30,000 on Yung Kwan Energy Technology Group Co., Ltd. (abbreviated as Yung Kwan-KY, code: 1589) for violating regulations regarding major information disclosure. The company's subsidiary, Yung Kwan Heavy Industry (Thailand) Co., Ltd., entered into contracts with related parties to accumulate the acquisition of machinery and equipment for business use, but failed to timely input major information into the Public Information Observation Station, thereby violating the procedures established by the stock exchange.
These public handling procedures for major information are the foundation of transparent information disclosure. Any lapse may adversely affect the company's reputation and potentially lead to regulatory penalties, indirectly impacting stock prices and investor confidence. The stock exchange has cautioned Yung Kwan Energy Technology Group to strictly adhere to these regulations in the future.