TSC Auto ID Technology : Announcement of the sale of the company's 5% equity interest in Printronix Auto ID Technology Inc. to its subsidiary TSC Auto ID Technology America Inc.

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Provided by: TSC AUTO ID TECHNOLOGY CO., LTD.
SEQ_NO	1	Date of announcement	2022/06/28	Time of announcement	16:57:15
Subject	Announcement of the sale of the company's 5% equity interest in Printronix Auto ID Technology Inc. to its subsidiary TSC Auto ID Technology America Inc.
Date of events	2022/06/28	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.):Printronix Auto ID Technology Inc. (hereinafter referred to as "Printronix") 2.Date of occurrence of the event:2022/06/28 3.Volume, unit price, and total monetary amount of the transaction: (1)Volume:5% Printronix share ownership (2)Unit price:NA (3)Total monetary amount:USD 1,620,000 (Estimated) 4.Trading counterparty and its relationship to 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): (1)Trading counterparty：TSC Auto ID Technology America Inc. (hereinafter referred to as "TSCAA") (2)Its relationship to the Company：100% owned 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 value of transfer: The transaction involves the group reorganization of subsidiaries, which shall not have impact on business and shareholder's equity 6.Where an owner of the underlying assets within the past five years has been an 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 to the Company at the time of the transaction:NA 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:NA 8.Profit or loss from the disposal (not applicable in cases of acquisition of securities) (where originally deferred, the status of recognition shall be listed and explained): The transaction involves the group reorganization of subsidiaries, so there is no disposal profit or loss being recognized and no impact on the company's shareholders' equity. 9.Terms of delivery or payment (including payment period and monetary value), restrictive covenants in the contract, and other important terms and conditions: Printronix Share Transfer Agreement 10.The manner in which the current transaction was decided, the reference basis for the decision on price, and the decision-making unit: The group reorganization was approved by the audit committee and the board of directors of the company on Jun 28, 2022. The transfer price is based on Fair Market valuation of a 5% Equity Interest in Printronix as of May 31, 2022 11.Net worth per share of the Company's underlying securities acquired or disposed of:NA 12.Cumulative no.of shares held (including the current transaction), their monetary value, shareholding percentage, and status of any restriction of rights (e.g., pledges), as of the present moment: The total number of shares held by the group is 260 shares The total shareholding ratio is 100% Restricted rights: none 13.Ratio of securities investment (including the current transaction) to the total assets and shareholder's equity of the parent company on the latest financial statements, and the operating capital on the latest financial statements, as of the present moment: Ratio of securities investment to the total assets:58.90% Ratio of securities investment to the shareholder's equity:91.89% Operating capital on the latest financial statements: 1,005,189 (thousand NTD) 14.Broker and broker's fee:NA 15.Concrete purpose or use of the acquisition or disposal: Strengthen the Group's organizational structure and improve operational efficiency 16.Whether the directors expressed any objection to the current transaction:None 17.Whether the counterparty of the current transaction is a related party:Yes 18.Date of the Board of Directors' resolution:2022/06/28 19.Date of ratification by supervisors or approval by the Audit Committee:2022/06/28 20.Whether the CPA issued an opinion on the unreasonableness regarding the current transaction:NA 21.Name of the CPA firm:NA 22.Name of the CPA:NA 23.License no.of the CPA:NA 24.Any other matters that need to be specified:None