【FIC Global Inc.】Announcement: Subsidiary Received Indictment from Taiwan Taipei District Court Civil Division
A consolidated subsidiary of FIC Global Inc. has been sued by the Ministry of National Defense in the Taipei District Court. The lawsuit seeks the return of payment, punitive damages, and interest, totaling approximately NT$38.38 million, after the subsidiary allegedly delivered products from mainland China in violation of rules of origin for a bulletproof fiber fabric procurement case, leading to contract termination.
📋 Article Processing Timeline
- 📰 Published: May 8, 2026 at 09:00
- 🔍 Collected: May 9, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 9, 2026 at 08:08 (8 min after Collected)
1. Date of occurrence of the fact: 115/05/08
2. Company name: FIC Co., Ltd.
3. Relationship with the company (please enter 'this company' or 'subsidiary'): Subsidiary
4. Mutual shareholding ratio: Not applicable
5. Reason for occurrence:
The subsidiary previously bid on a Ministry of National Defense project for bulletproof fiber fabric (bulletproof plates). The Ministry of National Defense terminated the contract, alleging that the subsidiary's supplier delivered products from mainland China in violation of rules of origin. Consequently, the Ministry of National Defense filed a lawsuit with the Taiwan Taipei District Court, requesting the subsidiary to return the payment and pay punitive damages and interest, totaling NT$38,388,844.
6. Response measures: Lawyers have been engaged to handle subsequent matters according to legal procedures.
7. Other matters that should be specified (if the subject of the incident or resolution is a public offering company or above, this material information also complies with Article 7, Paragraph 9 of the Enforcement Rules of the Securities Exchange Act, which states matters that have a material impact on shareholders' equity or securities prices):
The loss from litigation liabilities was already accrued in 114, so there will be no material impact on the company.
2. Company name: FIC Co., Ltd.
3. Relationship with the company (please enter 'this company' or 'subsidiary'): Subsidiary
4. Mutual shareholding ratio: Not applicable
5. Reason for occurrence:
The subsidiary previously bid on a Ministry of National Defense project for bulletproof fiber fabric (bulletproof plates). The Ministry of National Defense terminated the contract, alleging that the subsidiary's supplier delivered products from mainland China in violation of rules of origin. Consequently, the Ministry of National Defense filed a lawsuit with the Taiwan Taipei District Court, requesting the subsidiary to return the payment and pay punitive damages and interest, totaling NT$38,388,844.
6. Response measures: Lawyers have been engaged to handle subsequent matters according to legal procedures.
7. Other matters that should be specified (if the subject of the incident or resolution is a public offering company or above, this material information also complies with Article 7, Paragraph 9 of the Enforcement Rules of the Securities Exchange Act, which states matters that have a material impact on shareholders' equity or securities prices):
The loss from litigation liabilities was already accrued in 114, so there will be no material impact on the company.