| Statement |
1.Date of occurrence of the event:2019/08/09
2.Method of the present increase (decrease) in investment:
The Company planned to invest in Yuan Ding Enterprise (Shanghai) Limited
through Far Eastern Polytex (Holding) Limited & Far Eastern New Century (China) Investment Co., Ltd.
3.Transaction volume, price per unit, and total monetary amount of the transaction:
Transaction volume:NA
Price per unit:NA
Total monetary amount of the transaction: RMB205,370,000 (or USD32,000,000)
4.Company name of the invested mainland Chinese company:
(1)Far Eastern New Century (China) Investment Co., Ltd.
(2)Yuan Ding Enterprise (Shanghai) Limited
5.Paid-in capital of said invested mainland Chinese company:
(1)RMB620,681,600
(2)RMB256,000,000
6.Amount of new capital increment currently planned by said invested mainland Chinese company:
(1)RMB205,370,000(or USD32,000,000)
(2)RMB205,370,000(or USD32,000,000)
7.Main business items of said invested mainland Chinese company:
(1)For any of its subsidiaries and affiliates, with the written engagement by the subject entity, the
company may provide the following services: (a)to assist, or act as agent for such entity in purchasing
domestically or overseas the machineries, equipments, and office appliances for its own use and raw
materials, components, and parts for its own production purpose, (b) to assist, or act as agent for such
entity in distributing at both domestic and international markets the products produced by the entity,
and to provide after-sales services; (c) to balance foreign exchange revenue and expenditure among
the entities under the consent and supervision of the foreign exchange administration authorities;
(d) to assist the entity with personnel recruitment and employment and to provide technical training,
market development, and consulting; (e) to assist the entity to seek loans and to provide guarantees,
and to provide the entity financial support and services; (f) to establish research and development centers
to engage in research and development of technologies in the invested fields and provide corresponding
technical services; and (g) to provide advisory and technical services related to its products and invested activities.
(2)Chemical products (excluding hazardous substances); Wholesale of machineries and lubricants; Agency commission
(excluding auction); Importing, exporting of goods and other complimentary businesses; Marketing strategy and planning;
Enterprise management consulting; Precision instruments repair and maintenance; Computer software and internet
technology design and development, research results transfer, and related technology consulting services; Chemical
technology research and development, research results transfer, and providing related technology services to clients.
8.Type of CPA opinion issued for the financial statement of said invested mainland Chinese company for the most recent fiscal year:
(1)Unquilfied Opinion.
(2)Unquilfied Opinion.
9.Total equity of said invested mainland Chinese company on the financial statement for the most recent fiscal year:
(1)RMB531,560,271.40
(2)RMB134,077,149.91
10.Amount of profit/loss of said invested mainland Chinese company on the financial statement for the most recent fiscal year:
(1)RMB3,569,694.79
(2)RMB-22,857,002.86
11.Amount of actual investment to date in said invested mainland Chinese company:
(1)USD123,335,048
(2)USD75,335,048
12.Counterparty to the transaction and its relationship to the Company:
Far Eastern Polytex (Holding) Ltd. ; Equity method investee
13.Where the counterparty to the transaction is an actual related party, public announcement shall also be made of the
reason for choosing the related party as the counterparty and the identity of the previous owner (including its relationship
with the company and the trading counterpart), the date of transfer, and the price:
Capital injection / Nil
14.Where a person who owned the subject matter of the transaction within the past five years has been an actual related party
of the company, public announcement shall also be made of the dates and prices of acquisition and disposal by the related
party and such party's relationship to the company at those times:
Nil
15.Gain (or loss) on disposal:NA
16.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract,
and other important stipulations:
Cash / Nil / Nil
17.The manner of deciding on this transaction, the reference basis for the decision on price and the decision-making department:
Capital injection / Capital injection / The BOD of Directors
18.Broker:NA
19.Concrete purpose of the acquisition or disposal: Long-term Investments
20.Do the directors have any objection to the present transaction?:Nil
21.Is it a related party transaction?:Yes
22.Date of the board of directors’resolution:2019/08/09
23.Date of the recognition of the supervisors or the board of independent directors’resolution:2019/08/09
24.Total amount of mainland China area investment (including the present investment) approved by the Investment Commission to date:
USD805,022,473
25.Ratio of the total amount of investment (including the present investment) in the mainland China area approved by the
Investment Commission to date to the paid-in capital on the financial statement for the most recent period:
47.32%
26.Ratio of the total amount of investment (including the present investment) in the mainland China area approved by the
Investment Commission to date to the total assets on the financial statement for the most recent period:
7.99%
27.Ratio of the total amount of investment (including the present investment) in the mainland China area approved by the
Investment Commission to date to the shareholders’ equity on the financial statement for the most recent period:
12.45%
28.Total amount of actual investment in the mainland China area to date: USD738,417,521
29.Ratio of the total amount of actual investment in the mainland China area to date to the paid-in capital
on the financial statement for the most recent period:
43.41%
30.Ratio of the total amount of actual investment in the mainland China area to date to the total assets on
the financial statement for the most recent period:
7.33%
31.Ratio of the total amount of actual investment in the mainland China area to date to the shareholders’ equity
on the financial statement for the most recent period:
11.42%
32.Amount of recognized profits and losses on investment in the mainland China area for the most recent three fiscal years:
2016：NTD-1,049,414,000
2017：NTD221,234,000
2018：NTD3,178,018,000
33.Amount of profit remitted back to Taiwan for the most recent three fiscal years:
2016：NTD0
2017：NTD0
2018：NTD134,160,000
34.Has the CPA issued an opinion on the unreasonableness of the price of the current transaction?:No
35.Name of the CPA firm: Reanda M Y Wu & Co., CPAs
36.Name of the certifying CPA:M Y Wu
37.The practice certificate number of the CPA:No.1000036796
38.Any other matters that need to be specified:Nil
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