1.Date of occurrence of the event:2018/07/13
2.Company name:Danen Technology Corporation
3.Relationship to the Company (please enter ”head office” or
  ”subsidiaries”):head office
4.Reciprocal shareholding ratios:Not applicable
5.Name of the reporting media:Liberty Times
6.Content of the report:Danen Technology's explanation for ”reporting several
persons suffered law enforcement and the seizure of illegal proceeds”
7.Cause of occurrence:
I. After the interrogation to managers of the Company
by Taichung District Prosecutor's Office, the person in charge of the Company
has paid a deposit of NT$1,000,000, the former procurement, environmental
supervisors (has resigned) and the former process supervisor (has resigned)
each had paid NT$100,000 and NT$ 150,000 for bail deposit. The Company had
appointed lawyer, and will explain the whole case to the prosecutor to
clarify the situation for the Company and related managers.
II. The Company has not received any relevant notice of asset seizure related
to the case, except for providing the relevant supporting documents to the
prosecutor. At present, the Company's business operations and finance are
both as normal. For the financial and business information of the Company,
please find the disclosure according to the Company’s announcement on the
Public Information Observatory for major information release.
III. The Company declared: The business wastes generated by the Company in
the manufacturing process are entrusted to certificated waste disposal
supplier for clearance and disposal according to law, and report to local
environmental protection bureau in detail, related clearance documentations
and disposal certificates can be proved. Protecting the business secrets of
the filtration technology supplier, and make sure the waste disposal vender
will follow the responsibility of waste disposal regulation. Under legal
requirements, the filtration technology supplier will be stationed in the
certificated waste disposal factory site, the sludge is filtered under the
supervision of certified management, and the cutting fluid obtained and
purchased, then put into production by the Company, and the filtered sludge
be treated by waste disposal supplier according to law, thus it can achieve
waste control and reduction, as well as reducing air pollution and carbon
emission, and also reducing the burden of land to gain multiple benefits.
But due to the other valuables in the filtered sludge, the waste disposal
supplier, not only accept the Company’s payment and provide the disposal
certificate but also sold the waste sludge to 3rd party without informing
the Company, thus the Company misunderstood that the waste has been
disposed according to the certificate records. In this part, the Company
has appointed a lawyer to study the case, in addition to actively defending
the Company's innocence position, the Company will also claim for damage
suffered by the case, and also look into the responsibility which the
supplier should assume.
8.Countermeasures:The Company has appointed a lawyer to study the case, in
addition to actively defending the Company's innocence position, the
Company will also claim for damage suffered by the case, and also look into
the responsibility which the supplier should assume.
9.Any other matters that need to be specified:None