The High Court held that Tongkai’s former chairman, Zhan Gengxin, and others illegally obtained funds by extorting project funds. Today, Zhan Gengxin was sentenced to 2 years in prison in accordance with the Evidence and Delivery Act.

Appealable.

(Photo by reporter Yang Guowen)

[Reporter Yang Guowen/Taipei Report] Tongkai Technology (3018), the 85-year-old former chairman of Tongkai Technology (3018), former general manager Zhan Deren and his son and other senior executives of the company, were accused of taking advantage of the contracting of Banqiao Fuzhou in New Taipei City from 2005 to 2013. Many new construction projects such as Heyi Residence required downstream manufacturers to make false transactions or falsely report project payments to extract funds, resulting in an overpayment of more than 101 million yuan in project payments by the co-developed company. Zhan Gengxin, Zhan Deren The father and son were each sentenced to 4 years and 6 months in prison. Considering that both Zhan Gengxin and his son confessed to the crime and returned the proceeds of the crime, a commutation is applicable. Today, the two were sentenced to 2 years in prison each, and Zhan Deren was suspended for another 4 years; the whole case can be appealed.

The High Court also considered that the other 5 high-level executives involved in the case met the commutation requirements, and they all commuted their sentences for the same crime as the Zhan and his sons. The sentences are the same, each of the 4 crimes is sentenced to 1 year in February to 1 year in October, and the sentence is suspended for 2 to 4 years. Years; former associate Zhang Jinchang committed 2 crimes, each sentenced to 1 year and July, suspended for 3 years and sentenced to 1 year and November, suspended for 4 years; former associate Guo Guoyong was sentenced to 1 year and August, suspended for 3 years.

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The judgment pointed out that Zhan Gengxin and others had served as the chairman, general manager, vice president, and assistant manager of Tongkai Company (now renamed as Longming Green Energy Technology). The new construction project of Zhunan Factory of Innolux Optoelectronics Co., Ltd., the new construction project of New Century Optoelectronics No. 2 Factory in 2010, the construction project of Miaoli Factory of Yucheng Solar Co., Ltd. in 2011, and the new construction project of Fuzhou Heyi Residence in 2013 require downstream manufacturers to cooperate with false transactions or Falsely reported the project funds, and used the excess funds to pay the intermediary who contracted the project, the owner's employee rewards, commissions, welfare funds, or other private use, etc., which made Tongkai Company pay more than 101 million yuan in project funds, causing the company , Damage to shareholders' rights and interests.