Taiwan Stock Exchange: Shinfox Energy's Net Worth is Negative, Delisting from June 23

Central News Agency (Reporter Tseng Jen-kai, Taipei 13th) The Taiwan Stock Exchange announced today that Shinfox Energy, a subsidiary of Cheng Uei Group, has had its listed securities designated as a changed trading method (commonly known as full-cash delivery) starting May 15, and will adopt a block trading system due to its financial report showing a negative net worth. It will be delisted from June 23. Shinfox incurred a severe loss from its subsidiary Fuwai Energy's undertaking of Taipower's Offshore Wind Power Phase 2 project. Shinfox today announced a net loss of NT$1.848 billion attributable to the parent company for the first quarter, with a loss per share of NT$6.73. Its net worth was negative NT$182.23 million. As its net worth has fallen into negative territory, it faces a delisting crisis. (Editor: Chang Chun-mao) 1150513