The Company settles lawsuit with Wafer Works Corporation
Date of events
2022/08/18
To which item it meets
paragraph 51
Statement
1.Date of occurrence of the event:2022/08/18
2.Company name:United Renewable Energy Co., Ltd.
3.Relationship to the Company (please enter "head office" or
"subsidiaries"):head office
4.Reciprocal shareholding ratios:N/A
5.Cause of occurrence:The Company's dispute with Wafer Works
Corporation regarding fulfillment of wafer purchasing contract.
Wafer Works Corporation initiated litigation proceedings against
the Company, and claims compensation by the Company.
6.Countermeasures:The Company settles lawsuit with Wafer Works Corporation.
And details of settlement are confidential
7.Any other matters that need to be specified:
The allowance for litigation loss will be reversed this quarter
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Disclaimer
United Renewable Energy Co. Ltd. published this content on 18 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 August 2022 14:13:05 UTC.
United Renewable Energy Co., Ltd., formerly Neo Solar Power Corporation is a Taiwan-based company principally engaged in the manufacture and distribution of solar cells and modules. The Company's main products include mono-crystalline silicon solar cells and multi-crystalline silicon solar cells. Its products are applied in the manufacture of solar thermal heaters, solar battery modules, computers, watches and power generation, among others. The Company distributes its products within domestic market and to overseas markets, including Japan, German, the United States, the United Kingdom and others.
UNITED RENEWABLE ENERGY CO., LTD. 
