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>News>Subsidiary Announcement>FENC's subsidiary Yuan Tone Investment Co., Ltd. announces its disposition of common shares of Far EasTone Telecommunications Co., Ltd.
FENC's subsidiary Yuan Tone Investment Co., Ltd. announces its disposition of common shares of Far EasTone Telecommunications Co., Ltd.
From:
SEQ_NO  1 Date of announcement  2023/06/20 Time of announcement  06:50:37
Subject
 FENC's subsidiary Yuan Tone Investment Co., Ltd. announces
its disposition of common shares of Far EasTone
Telecommunications Co., Ltd.
Date of events   2023/06/19 To which item it meets paragraph 20
Statement
1.Name of the securities: Common shares of Far EasTone Telecommunications Co., Ltd. 
2.Trading date:2023/06/19 
3.Amount, unit price, and total monetary amount of the transaction:
  Trading volume:65,000,000 shares 
  unit price: NT$76.8 
  total monetary amount of the transaction: NT$4,992,000,000 
4.Gain (or loss) through disposal (not applicable in case of acquisition of securities):
  Per IFRS, to dispose shares without loss of its control over the investee company, the disposal gain 
 should be recognized as “Capital Surplus” under Shareholders’ Equity in Balance Sheet. 
  After deducting all transaction related taxes and expenses, the net increase in Shareholders’ Equity 
 of the aforesaid transaction is approximately NT$2,966.758mm. 
5.Relationship with the underlying company of the trade: Equity method investee 
6.Current cumulative amount held, monetary amount, and shareholding percentage of cumulative holdings
  of the securities being traded (including the current trade), and status of any restriction of rights (e.g.pledges):
  Current cumulative volume: 35,237,031 shares 
  amount: NT$947,001,452 
  shareholding percentage of holdings:1.08% 
  any restriction of rights: pledges 29,700,000 shares 
7.Current ratio of securities investment (including the current trade, as listed in article 3 
 of Regulations Governing the Acquisition and Disposal of Assets by Public Companies) to the 
 total assets and equity attributable to owners of the parent as shown in the most recent 
 financial statement and working capital as shown in the most recent financial statement as of the present:
 Current ratio of the total assets:2.59% 
 Current ratio of shareholder's equity:4.26% 
 Operational capital as shown in the most recent financial statement: NT$(11,507,487,000) 
8.Concrete purpose of the acquisition or disposal: To decrease investment 
9.Any dissenting opinions of directors to the present transaction:Nil 
10.Whether the counterparty of the current transaction is a related party:No 
11.Trading counterparty and its relationship with the Company:N/A 
12.Date of the board of directors resolution:2023/06/19 
13.Date of ratification by supervisors or approval by the audit committee:2023/06/19 
14.Any other matters that need to be specified:NIL

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