(Taipei) The periodic financial reports that Lien Ming Mobile Technology Co., Ltd. (hereinafter referred to as Lien Ming, formerly known as Lien Ming Textile Manufacturing Company) published for the periods from 2008 to the first quarter of 2012 are suspected of being false, in violation of the Securities and Exchange Act. To protect the rights and interests of investors based on the facts stated in prosecutor's indictment and laws related to this case, the Securities and Futures Investors Protection Center (abbreviated as SFIPC) is now taking applications from goodwill investors who seek compensation in the case and will file a compensatory civil lawsuit on their behalf. Those meeting eligibility requirements should gather all documents, fill out the forms, and send them to the SFIPC by Oct. 1, 2012 (as shown on the postmark). Please check the center’s website at http://www.sfipc.org.tw for further information or call us at (02)2712-8899.
According to the collected facts contained in the indictment by the Taipei District Prosecutors Office, defendants Hsu Feng-yang and others are under suspicion of conducting unconventional transactions among Lien Ming’s related persons during 2008-2010, and using methods including false stock ownership transactions, false equipment purchases, and false real estate mediation fees to misuse the company’s assets and that resulted in the company’s losses of over NT$100 million, leading to suspicions that the company’s reported earnings for the various periods between 2008 and 2010 were false. This case is presently being heard at the Taipei District Court. Another matter relating to this fraudulent financial report case is that the above-mentioned false financial statements are still contained in Lien Ming’s periodic financial reports from the first quarter of 2011 to the first quarter of 2012, thus charges are that Lien Ming's financial reports from 2008 to the first quarter of 2012 are false.
※ Eligibility requirements:
1. Goodwill stock buyers: those who purchased Lien Ming shares from April 30 (inclusive) to May 11, 2009 (inclusive) and still hold the stock, or those who purchased Lien Ming shares during the above-mentioned period and sold the stock after July 14, 2011 (inclusive), thus suffering losses
Stock holders: those who purchased Lien Ming shares from Jan. 13, 2006 (inclusive) to April 29, 2009 (inclusive) and still hold the stock, or those who purchased Lien Ming shares during the above-mentioned period and sold the stock after July 14, 2011 (inclusive), thus suffering losses.
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