Acer Incorporated : Participates in the Private Placement of Ap Shares, Expanding Business Collaboration Between the Companies

CorporateFinancials

Acer Participates in the Private Placement of Apacer Shares, Expanding Business Collaboration Between the Companies

November 3, 2022

TAIPEI (November 3, 2022) Acer Inc. (TWSE: 2353) announced today that its Board of Directors approved the participation in a private placement of 11 million shares of Apacer Technology Inc. (TWSE: 8271) at a price of NT$33 per share. The total amount is NT$363 million, and after this private placement, Acer will own 8.97% of Apacer shares.

Apacer is already a supplier of Acer, AOPEN and Altos, while Weblink and other Acer Group companies are distributors of Apacer products. Acer's participation in Apacer's private placement will not only expand the strategic collaboration between the two companies, but also bring in stable financial income. As the Acer Group continues to build its multiple business engines, the two companies expect to deepen their collaboration and create synergy in more realms.

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