Today's Information

Provided by: SAN FANG CHEMICAL INDUSTRY CO.,LTD.
SEQ_NO 4 Date of announcement 2022/08/09 Time of announcement 16:07:10
Subject
 Announcement for increasing investment in San Fang Vietnam
through "debt-to-equity swap" way on behalf of
Grand International Investment,a subsidiary of SFC.
Date of events 2022/08/09 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.):stake of San Fang Vietnam.
2.Date of occurrence of the event:2022/08/09
3.Amount, unit price, and total monetary amount of the transaction:
USD27,000,000.
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):San Fang Vietnam is a 99.99% owned subsidiary of
Grand International Investment.
Both entities are 100% subsidiaries of Sang Fang Chemical.
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:None
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:None
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):Swap San Fang Vietnam's
USD 27million loan funded by Grand International Investment
into capital investment.
8.Profit or loss from the disposal (not applicable in cases of acquisition
of securities) (those with deferral should provide a table explaining
recognition):None
9.Terms of delivery or payment (including payment period and monetary
amount), restrictive covenants in the contract, and other important terms
and conditions:debt-to-equity swap
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:
Grand International Investment 's board of directors approved
the transaction at 9th August, 2022 and reported to parent company,
San Fang Chemical Industry Co., Ltd. at the same day.
11.Net worth per share of the Company's underlying securities acquired or
disposed of:None
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:USD36,000,000
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 total assets:7%;
Ratio to owners' equity of the parent company:13%;
Operating Capital: NTD5,042,021,000
14.Broker and broker's fee:None
15.Concrete purpose or use of the acquisition or disposal:
Strengthen the financial structure of San Fang Vietnam Co., Ltd and
its operation purpose.
16.Any dissenting opinions of directors to the present transaction:None
17.Whether the counterparty of the current transaction is
a related party:Yes
18.Date of the board of directors resolution:2022/08/09
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:None
21.Name of the CPA firm:HAMBER CONSULTING&CO.,CPAS
22.Name of the CPA:YU PO CHAO
23.Practice certificate number of the CPA:
Financial Supervisory Commission No4707
24.Whether the transaction involved in change of business model:None
25.Details on change of business model:None
26.Details on transactions with the counterparty for the past year and the
expected coming year:NA
27.Source of funds:debt-to-equity swap
28.Any other matters that need to be specified: The above transaction amount
is based on the average closing exchange rate of TWD/USD=29.72
 from Taiwan Bank at 30th, June.

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San Fang Chemical Industry Co. Ltd. published this content on 09 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 August 2022 10:35:10 UTC.