Capital Target Limited (Hong Kong) (CTL) as of 31 May 2022 still held a 9.23% equity stake in Jih Sun Financial Holding Co., Ltd. (JSFH), in violation of an order issued by the FSC on 27 May 2021 whereby CTL was required to reduce its holdings in JSFH to 5% by a specified deadline. For this violation of Article 60, Subparagraph 4 of the "Financial Holding Company Act," the FSC imposed an administrative fine of NT$12 million on CTL, and ordered CTL to reduce its holdings in JSFH to 5% by 31 December 2022.