Regulatory Compliance
Compliance with regulations has always been a matter of great importance for Everlight Chemical. We ensure that all aspects of our business operate within the framework of laws and regulations through a series of measures. This includes protecting the rights and interests of our employees and customers, as well as fulfilling our responsibilities in the economic, social and environmental aspects.
During the reporting period, the Company was fined on the following environmental and social matters. We have reviewed the cause of each issue and re-evaluated our overall management system. Concrete improvement plans have been implemented.
Category
Item
Fined Incurred in 2022
Non-Monetary Penalty Incurred in
Remarks
Corporate Governance
◉Business integrity and anti-corruption
None
None
None
◉Anti-competitive (antitrust) and monopoly practices
None
None
None
Environment
◉Air pollution emission
NT$ 120,000
None
Fines were incurred due to the air pollution caused by the fire incident at ECIC Plant III. We have implemented measures to improve related equipment and management mechanisms.
◉Water pollution discharge
None
None
None
◉Waste management
None
None
None
◉Toxic and concerned chemical substances
NT$ 120,000
None
Trend Tone Imaging and the Pharmaceutical Factory were fined for violating regulations related to toxic chemicals and chemical safety. Preventive measures have been taken to prevent reoccurrence.
Social
◉Matters related to the labor standards act
NT$ 150,000
None
Trend Tone Imaging was fined for having employees work above overtime limits. Manpower allocation and adjustment have been made to address the issue.
◉Occupational safety and health
NT$60,000
None
Due to the fire incident, ECIC Plant III was found to have insufficient preventive measures prior to operations involving dangerous substances. A comprehensive review for improvement has been conducted.
Other
◉Toxic and chemical substances
NT$ 120,000
None
Trend Tone Imaging and the Pharmaceutical Factory were fined for violating regulations related to toxic chemicals and chemical safety. Preventive measures have been taken to prevent reoccurrence.
◉Income tax laws
NT$ 750
None
Trend Tone Imaging was fined for late filing of tax returns. Corrective actions were taken immediately.
◉Customs regulations
RMB$ 1,000
None
Everlight Suzhou was fined for failing to label the source brand of raw materials per customs regulations. Corrective actions were taken immediately.