Today's Information |
Provided by: TATUNG CO. | |||||
SEQ_NO | 1 | Date of announcement | 2022/01/21 | Time of announcement | 17:16:20 |
Subject | Announcement of the resolution of capital increase to Cinzhi Power Co., Ltd.. | ||||
Date of events | 2022/01/21 | 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.):Common shares of Cinzhi Power Co., Ltd. 2.Date of occurrence of the event:2022/01/21 3.Amount, unit price, and total monetary amount of the transaction: Number of shares issued�G20,000,000 shares Par value per share�GNT$10 per share Total monetary value of the issuance�GNT$ 200 million. 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): Cinzhi Power Co., Ltd. ; Subsidiary. 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):N/A 9.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important terms and conditions:Cash injection without restrictive covenants. 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: Approved by the chairman according to the level of authority (Approved by Tatung investment review committee). 11.Net worth per share of the Company's underlying securities acquired or disposed of:N/A 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: Current cumulative volume:29,000,000 shares�F Current cumulative amount: NT$ 290,000,000�F Shareholding percentage: 100%�F no restriction of rights. 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: Current ratio to the total assets: 63.04%, Current ratio attributable to the shareholder's equity: 145.23%, The operating capital: NTD -2,689,551 thousand. 14.Broker and broker's fee:N/A 15.Concrete purpose or use of the acquisition or disposal: Construction of energy storage system. 16.Any dissenting opinions of directors to the present transaction:N/A 17.Whether the counterparty of the current transaction is a related party:Yes. 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:N/A 21.Name of the CPA firm:N/A 22.Name of the CPA:N/A 23.Practice certificate number of the CPA:N/A 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: Last year, Tatung invested 9,000,000 shares at a par value of NT$10 per share, which the total amount is NT$90,000,000 in Cinzhi Power Co., Ltd. Depending on the progress of their project and the status of financing, Tatung will consider increasing the investment to Cinzhi Power Co., Ltd. 27.Source of funds: The Company��s operating funds. 28.Any other matters that need to be specified: (1)Because Cinzhi Power Co., Ltd. was established in 2021 and has no audited financial statements, using the unaudited financial statements of December 2021, the net worth per share of the company is NT$9.98. (2)Because Cinzhi Power Co., Ltd. is 100% owned non-public company in Taiwan by the Company, it can be exempted from obtaining expert opinions. (3)According to authorization of company, the regulation of acquisition or disposal, and the letter from the TWSE. |
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Tatung Company published this content on 21 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 January 2022 09:21:05 UTC.