News

				 FENC (the Company), firmly protests against the
ruling of Taipei District Court, to assign three temporary
receivers to Pacific Liu Tung Investment Company (PLT).

				1.Date of occurrence of the event:2012/02/17
2.Company name:Pacific Liu Tung Investment Corp.
3.Relationship to the Company (please enter ”head office” or
  ”affiliate company”):Equity method investments
4.Reciprocal shareholding ratios:N/A
5.Cause of occurrence:The earthquake occurred in Japan 
 (1)Taipei District Court ruled to assign three temporary
 receivers to PLT. In our opinion, the Company believes the
 ruling aforesaid is obviously a wrong-doing, which is against
 the relevant laws. FENC firmly protests against this ruling,
 and supports Far Eastern Department Stores (FEDS), the relevant
 party in this case, to appeal against this ruling.
 (2)The litigation on ownership of Liu Tung is currently in the
 trial process. The assignment of temporary receiver does not
 have any influence on either of the Company’s holding interests
 in Liu Tung or the daily operation of SOGO Department Stores.
 (3)According to the Corporate Law, the assignment of temporary
 receiver shall not be a disadvantage to the relevant company.
 Although Taipei District Court has already ruled to assign the
 temporary receivers, the Supreme Court may likely have different
 opinions regarding the case given that FEDS, the relevant party
 in this case, appeals against the ruling aforesaid.
 The assigned temporary receivers are kindly advised to carefully
 consider any of their future decisions regarding PLT, in order to
 prevent any unnecessary unrest to the society.
6.Countermeasures:NIL		
7.Any other matters that need to be specified:
 Far Eastern Department Stores (FEDS), the relevant party
 in this case, is to appeal against the said ruling.