Serial System Ltd: Significant Legal Win in Taiwan Civil Suit

Key Points from the Announcement

• Supreme Court of Taiwan Dismisses Appeal: The Supreme Court has dismissed the appeal filed by the Securities and Futures Investors Protection Centre of Taiwan (SFIPC) against a prior decision by the Taiwan High Court concerning the long-running Taiwan Civil Suit.
• Final and Conclusive Outcome: The Supreme Court’s decision is final and conclusive, effectively bringing this litigation to a close with no further avenue for appeal.
• Litigation Costs: The court has ordered that SFIPC, as the losing party, bear the litigation costs associated with the case.
• Involvement Through Associated Company: The matter relates to Serial System Ltd’s 12.91% associated company, Bull Will Co., Ltd.
• Official Notification: The Company received this update based on a summary of the court decision issued by the Clerk’s Office of the Supreme Court of Taiwan.
• Timelines: The Company had previously updated shareholders on this matter on several occasions, the latest update being issued on 14 January 2026.

Important Information for Shareholders

• Potential Price Sensitivity:
  • This is a positive development for Serial System Ltd and its shareholders as it removes a source of legal uncertainty and potential liability from the Group’s associated company, Bull Will Co., Ltd.
  • The conclusion of the civil suit may have a favorable impact on investor sentiment and could positively affect the share price, given that the company is no longer exposed to the risk of adverse legal outcomes or additional litigation costs from this case.
  • The Supreme Court’s decision being final means the matter is now fully resolved, removing any overhang from ongoing legal proceedings.
• Financial Impact:
  • Since the court ordered SFIPC to bear all litigation costs, there will be no further financial outlay or contingent liability on Serial System Ltd or its associated company relating to this specific lawsuit.

Details for Investors

Serial System Ltd, a Singapore-listed company, has been involved indirectly in a multi-year civil suit in Taiwan through its 12.91% stake in Bull Will Co., Ltd. The case was initiated by the Securities and Futures Investors Protection Centre of Taiwan (“SFIPC”), which challenged an earlier court decision. After a series of appeals, the case reached the Supreme Court of Taiwan.

The Supreme Court has now dismissed SFIPC’s appeal, confirming the earlier ruling in favor of Bull Will Co., Ltd. The Supreme Court’s order for SFIPC to bear the litigation costs further underscores the favorable outcome for Serial System Ltd and its associated company.

With the legal proceedings now fully concluded, investors can look forward to greater clarity regarding the Group’s legal and financial exposure in Taiwan. The removal of this litigation risk is likely to be viewed positively by the market.

Conclusion

This announcement marks a significant positive development for Serial System Ltd and its shareholders, with the resolution of a longstanding legal dispute. Investors should monitor the company’s share price for any reaction to this news, as the lifting of legal uncertainties typically enhances shareholder value and could improve market confidence in the Group.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research and consult with professional advisors before making investment decisions. The information is based on an official company announcement dated 14 January 2026.

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