Announcement disposal for sale of The Company’s Subsidiary Pizza Vest Co., Ltd. 100% shares.(Supplement)

Close

Today's Information

Provided by: FORMOSA INTERNATIONAL HOTELS CORPORATION
SEQ_NO	1	Date of announcement	2021/11/12	Time of announcement	14:43:49
Subject	Announcement disposal for sale of The Company��s Subsidiary Pizza Vest Co., Ltd. 100% shares.(Supplement)
Date of events	2021/11/12	To which item it meets	paragraph 20
Statement	1.Name and nature of the underlying assets (if preferred shares, the terms and conditions of issuance shall also be indicated, e.g., dividend yield, etc.):Ordinary Shares of Pizza Vest Co., Ltd. a Subsidiary of The Company 2.Date of occurrence of the event:2021/06/10 3.Amount, unit price, and total monetary amount of the transaction: Amount: 4,096,433 shares unit price: NT$423 per share total monetary amount of the transaction: NT$1,732,783,499 4.Trading counterparty and its relationship with the Company (if the trading counterparty is a natural person and furthermore is not a related party of the Company, the name of the trading counterparty is not required to be disclosed):Domino��s Pizza Enterprises Limited Australia, not a related party of the Company. 5.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:N/A 6.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:N/A 7.Matters related to the current disposal of creditors' rights (including types of collaterals of the disposed creditor��s rights; if creditor's rights over a related party, announcement shall be made of the name of the related party and the book amount of the creditor's rights, currently being disposed of, over such related party):N/A 8.Profit or loss from the disposal (not applicable in cases of acquisition of securities) (those with deferral should provide a table explaining recognition): Recognition of NT$1,636,497,709 of gain on disposal of the subsidiary company PIZZAVEST CO., LTD (Domino) (However, after deducted the relevant expenses and tax derived from this transaction and the net gain is NT$1,460,692,533). 9.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important terms and conditions:Based on the Share Purchase Agreement. 10.The manner of deciding on this transaction (such as invitation to tender, price comparison, or price negotiation), the reference basis for the decision on price, and the decision-making unit: Decision making process and pricing: The price was decided by mutual consent and a Valuation report and SHANG HER & CO., CPA Sheng-Ping Huang issued the transaction price reasonableness opinion. Decision-making unit: Board of Directors. 11.Net worth per share of the Company's underlying securities acquired or disposed of:NT$30.05 12.Cumulative no.of shares held (including the current transaction), their monetary amount, shareholding percentage, and status of any restriction of rights (e.g., pledges), as of the present moment: Cumulative no. of shares held:0 Monetary amount: NT$0 Shareholding percentage:0% Status of any restriction of rights: None 13.Current ratio of securities investment (including the current trade, as listed in article 3 of Regulations Governing the Acquisition and Disposal of Assets by Public Companies) to the total assets and equity attributable to owners of the parent as shown in the most recent financial statement and working capital as shown in the most recent financial statement as of the present: Ratio to the total assets:34.80% Ratio to shareholders�� equity of the parent company:115.75% Amount of operating capital: NT$-1,997,075,815 14.Broker and broker's fee:None 15.Concrete purpose or use of the acquisition or disposal: Considerations of business strategy. 16.Any dissenting opinions of directors to the present transaction:No 17.Whether the counterparty of the current transaction is a related party:No 18.Date of the board of directors resolution:NA 19.Date of ratification by supervisors or approval by the Audit Committee:NA 20.Whether the CPA issued an unreasonable opinion regarding the current transaction:No 21.Name of the CPA firm:SHANG HER & CO., CPA 22.Name of the CPA:Sheng-Ping Huang 23.Practice certificate number of the CPA:FSC number 6756 24.Whether the transaction involved in change of business model:No 25.Details on change of business model:N/A 26.Details on transactions with the counterparty for the past year and the expected coming year:N/A 27.Source of funds:N/A 28.Any other matters that need to be specified:None