CHC Resources Corporation

11/18/2021 | Press release | Distributed by Public on 11/18/2021 06:48

Announcement for the administrative litigation

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Provided by: CHC RESOURCES CORPORATION
SEQ_NO 1 Date of announcement 2021/11/18 Time of announcement 20:37:59
Subject
 Announcement for the administrative litigation
Date of events 2021/11/18 To which item it meets paragraph 2
Statement
1.Parties to the legal matter:
the Environmental Protection Bureau of Kaohsiung City Government,
CHC Resources Corporation.
2.Name of the court or punishing agency of the legal matter:
the Supreme Administrative Court
3.Reference/Case number of relevant documents of the legal matter:
the judgment of the Supreme Administrative Court (108) Shang Tzu No. 958
4.Date of occurrence of the event: 2021/11/18
5.Details of occurrence (including the matter under dispute):
The Corporation received official letters from the Environmental
Protection Bureau of Kaohsiung City Government in 2018, which stated
that the Corporation shall be jointly and severally liable with
the other obligors for cleanup of the basic oxygen furnace slag aggregates
 used in Chien Fa��s land filling
6.Handling procedure:
 The corporation filed an administrative litigation, and the Supreme
 Administrative Court dismissed the corporation��s appeal.
7.Impact on the Company��s finance and business and projected amount:
 The corporation operates normally. The relevant expenses related to
 the judgement of the Supreme Administrative Court have been recognized
 in the 2020 financial statements, and periodically evaluates
the accrued liability adequacy in accordance with the accounting policy.
 There is no significant impact on the corporation financial status.
8.Countermeasures and improvement status: Handle according to the result.
9.Any other matters that need to be specified: None.