| No. | 1 | Date | 2023/3/10 | Time | 18:28:33 |
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| Subject | On behalf of major subsidiaries Hon Hsing (Samoa) Holding Limited announced the Board's resolution on the capital increase by cash |
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| Date of events | 2023/3/10 | To which item it meets | paragraph 20 | ||
| Explanation | 1.Date of occurrence of the event:2023/03/10 2.Method of the current increase (decrease) in investment: Hon Hsing (Samoa) Holding Limited plans to make a cash capital increase to Hon Chuan Food Packing (Zhangzhou) Co., Ltd. 3.Amount, unit price, and total monetary amount of the transaction: USD 5,020,000 4.Company name of the mainland Chinese investee: Hon Chuan Food Packing (Zhangzhou) Co., Ltd. 5.Paid-in capital of aforementioned mainland Chinese investee: USD 39,980,000 6.Amount of capital increase currently planned for the aforementioned mainland Chinese investee:USD 5,020,000 7.Main businesses of the aforementioned mainland Chinese investee: Manufacture and sale of PET bottles and beverage filling OEM 8.Type of CPA opinion in the latest annual financial statements of the aforementioned mainland Chinese investee:Unqualified opinion 9.Total equity of the aforementioned mainland Chinese investee in the latest annual financial statements:RMB 189,286,626.25 10.Amount of profit/loss of the aforementioned mainland Chinese investee in the latest annual financial statements:RMB 6,694,893.15 11.Amount of actual investment in the aforementioned mainland Chinese investee, up to the present moment:USD 37,048,964 12.Trading counterparty and its relationship with the Company: Hon Chuan Food Packing (Zhangzhou) Co., Ltd. 96.236% holding shares subsidiary of THC 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:N/A 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:N/A 15.Profit (or loss) upon disposal:N/A 16.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important terms and conditions:N/A 17.The manner in which the current transaction was decided, the reference basis for the decision on price, and the decision-making unit: The reference basis for the decision on price:N/A The decision-making department:THC Board of Directors 18.Broker:N/A 19.Concrete purpose of the acquisition or disposal: Long-term business strategy of the Company. 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:2023/03/10 23.Date of ratification by supervisors or approval by the Audit Committee:2023/03/10 24.Total amount of investment in mainland China (including the current investment) approved by the Investment Commission, up to the present moment: USD 299,507 thousands dollars (NTD 9,229,018 thousands dollars) 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:320.69% 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:27.97% 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:41.55% 28.Total amount of actual investment in mainland China, up to the present moment:NTD 9,080,154 thousands dollars 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:315.52% 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:27.52% 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:41.55% 32.Amount of recognized profit (loss) on investment in mainland China for the last three years: 2020 : NTD 371,517 thousands dollars. 2021 : NTD 604,086 thousands dollars. 2022 : NTD 348,988 thousands dollars. 33.Amount of profit remitted back to Taiwan for the last three years:0 34.Whether the CPA issued an unreasonable opinion regarding the current transaction:N/A 35.Name of the CPA firm:N/A 36.Name of the CPA:N/A 37.Practice certificate number of the CPA:N/A 38.Any other matters that need to be specified:None |
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