Coaster International : Announcement on the the Company’s press release on material information

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Provided by: COASTER INTERNATIONAL CO., LTD.
SEQ_NO	5	Date of announcement	2022/02/25	Time of announcement	19:02:23
Subject	Announcement on the the Company's press release on material information
Date of events	2022/02/25	To which item it meets	paragraph 51
Statement	1.Date of occurrence of the event:2022/02/25 2.Company name:COASTER INTERNATIONAL CO., LTD. 3.Relationship to the Company (please enter "head office" or "subsidiaries"):head office 4.Reciprocal shareholding ratios:NA 5.Cause of occurrence:The Company's Board of Directors resolved to delist from TWSE and terminate public offering. On February 25, 2022, the board of directors of COASTER INTERNATIONAL CO., LTD. (COASTER, or "the Company") approved a proposal to delist its securities and cease its status as a public company, hereinafter referred to as "the Delisting Proposal". On April 18, 2022, the Delisting Proposal is expected to be submitted to an extraordinary general meeting for shareholder resolution. Subject to the approval of the aforementioned resolution by shareholders, the Company shall apply to delist its securities from Taiwan Stock Exchange Corporation and obtain related regulatory approval from "Securities and Futures Bureau, Financial Supervisory Commission" for ceasing its status as a public company. In responding to the global supply chain and the recent market development, the Company is adjusting its strategy to reduce its capital expenditure to preserve earning quality for a sustainable business operation. Since, the Company has no major business expansion plans in the near future, the Delisting Proposal is to protect the interests of the Company and its investors. Upon delisting, the Company will adjust its operation accordingly. The Company has no plan to relist on another stock exchanges in the near future. In accordance with related regulations of the Taiwan Stock Exchange Corporation Procedures for Applications by TWSE Listed Companies for the Delisting of Securities (hereinafter referred to as "the Procedures"), applied mutatis mutandis under Article 50-3, Paragraph 6 of Operating Rules of the Taiwan Stock Exchange Corporation, the purchase of the Company's securities due to the Delisting Proposal (the "Delisting Acquisition") will be conducted by Yeko LLC (COASTER's directors), and Yeh Family Limited Partnership, LP (COASTER's major shareholder). The directors, other than independent directors, who expressed consent at the board of directors meeting to submit the Delisting Proposal, shall be jonitly liable for committing to purchase the shares of the Company for the Delisting Acquisition. The targeted purchase price of the Delisting Acquisition is set at NT$ 39.50 per share. If the simple arithmetic mean of the closing prices of the Company's shares during the one-month period immediately preceding the resolution date of the extraordinary general meeting (rounded-off to two decimal places) is higher than the proposed purchase price resolved by the board of directors meeting; the Chairman is required to adjust the purchase price to the simple arithmetic mean of the closing prices of the Company's shares during the one-month period immediately preceding the resolution date of the extraordinary general meeting in accordance with the Procedures, announce such decision prior to the extraordinary general meeting, and submit such matter to the extraordinary general meeting for review and approval by a resolution. The commencement date of the Delisting Acquisition will be on the record date of the delisting of COASTER, the details of timeline will be released to the public after obtaining the final approval from the relevant regulatory authorities. 6.Countermeasures:NA 7.Any other matters that need to be specified:None.