Everlight Chemical Industrial : Subsidiary, EVERLIGHT CHEMICALS (SINGAPORE) PTE LTD. obtaining 56.25% of the equity of the subsidiary within the group (adjustment of investment equity structure)

Close

Today's Information

Provided by: Everlight Chemical Industrial Corporation
SEQ_NO	3	Date of announcement	2022/08/11	Time of announcement	14:56:02
Subject	Subsidiary, EVERLIGHT CHEMICALS (SINGAPORE) PTE LTD. obtaining 56.25% of the equity of the subsidiary within the group (adjustment of investment equity structure)
Date of events	2022/08/11	To which item it meets	paragraph 20
Statement	1.Date of occurrence of the event:2022/08/11 2.Method of the current increase (decrease) in investment:EVERLIGHT CHEMICALS (SINGAPORE) PTE LTD. is 100% owned by EVERLIGHT; Anda Semiconductor Technology (Suzhou) Co., Ltd is 56.25% owned by EVERLIGHT CHEMICALS (SINGAPORE) PTE LTD.; Shanghai Anda International Trading Co., Ltd is 100% owned by Anda Semiconductor Technology (Suzhou) Co., Ltd. Now Anda Semiconductor Technology (Suzhou) Co., Ltd. transfers 56.25% shares of Shanghai Anda International Trading Co. to EVERLIGHT CHEMICALS (SINGAPORE) PTE LTD. 3.Amount, unit price, and total monetary amount of the transaction:56.25% shares of Shanghai Anda International Trading Co. (Capital RMB 562,500； Equity NTD 15,121,000) ; unit price:NA 4.Company name of the mainland Chinese investee:Shanghai Anda International Trading Co. 5.Paid-in capital of aforementioned mainland Chinese investee:RMB 1,000,000 6.Amount of capital increase currently planned for the aforementioned mainland Chinese investee:RMB 0 7.Main businesses of the aforementioned mainland Chinese investee:Sales of hazardous chemicals, import and export of goods and technologies 8.Type of CPA opinion in the latest annual financial statements of the aforementioned mainland Chinese investee:Unmodified opinion 9.Total equity of the aforementioned mainland Chinese investee in the latest annual financial statements:RMB 6,311,000 10.Amount of profit/loss of the aforementioned mainland Chinese investee in the latest annual financial statements:RMB 3,142,000 11.Amount of actual investment in the aforementioned mainland Chinese investee, up to the present moment:RMB 562,500 12.Trading counterparty and its relationship with the Company:Anda Semiconduct or Technology (Suzhou) Co., Ltd is subsidiary by EVERLIGHT CHEMICALS (SINGAPORE) PTE LTD. and holds 56.25% shares. 13.Where the trading counterparty is a related party, announcement shall also be made of the reason for choosing the related party as trading counterparty and the identity of the previous owner, its relationship with the Company and the trading counterparty, and the previous date and monetary amount of transfer:Adjustment of investment equity structure ; No previous transfer 14.Where an owner of the underlying assets within the past five years has been a related party of the Company, the announcement shall also include the date and price of acquisition and disposal by the related party, and its relationship with the Company at the time of the transaction:NA 15.Profit (or loss) upon disposal:NA 16.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important terms and conditions:NA 17.The manner in which the current transaction was decided, the reference basis for the decision on price, and the decision-making unit:The latest financial reports/Board of Directors 18.Broker:NA 19.Concrete purpose of the acquisition or disposal:Adjustment of investment equity stucture 20.Any dissenting opinions of directors to the present transaction:None 21.Whether the counterparty of the current transaction is a related party:Yes 22.Date of the board of directors resolution:2022/08/11 23.Date of ratification by supervisors or approval by the Audit Committee:2022/08/11 24.Total amount of investment in mainland China (including the current investment) approved by the Investment Commission, up to the present moment: NT$ 687,899,000 25.Ratio of the total amount of investment in mainland China (including the current investment) approved by the Investment Commission, up to the present moment, to the paid-in capital on the latest financial statements:12.6% 26.Ratio of the total amount of investment in mainland China (including the current investment) approved by the Investment Commission, up to the present moment, to the total assets on the latest financial statements:5.0% 27.Ratio of the total amount of investment in mainland China (including the current investment) approved by the Investment Commission, up to the present moment, to equity attributable to owners of the parent on the latest financial statements:8.3% 28.Total amount of actual investment in mainland China, up to the present moment:NT$ 755,988,000 29.Ratio of the total amount of actual investment in mainland China, up to the present moment, to the paid-in capital on the latest financial statements:13.8% 30.Ratio of the total amount of actual investment in mainland China, up to the present moment, to the total assets on the latest financial statements:5.4% 31.Ratio of the total amount of actual investment in mainland China, up to the present moment, to equity attributable to owners of the parent on the latest financial statements:9.1% 32.Amount of recognized profit (loss) on investment in mainland China for the last three years:2021: NT$ 12,672,000;2020: NT$ 35,893,000;2019: NT$ 15,871,000 33.Amount of profit remitted back to Taiwan for the last three years:2021: None;2020: None;2019: USD 317,000 34.Whether the CPA issued an unreasonable opinion regarding the current transaction:None 35.Name of the CPA firm:NA 36.Name of the CPA:NA 37.Practice certificate number of the CPA:NA 38.Any other matters that need to be specified:This transaction needs to be approved by Supervisory authority in PRC