ACON : Announcement on behalf of the Company’s subsidiary Advanced Connectek (Shen-Zhen) Inc. in the acquisition of an affiliated company

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Provided by: ACON Holding Inc.
SEQ_NO	18	Date of announcement	2022/08/11	Time of announcement	20:41:27
Subject	Announcement on behalf of the Company's subsidiary Advanced Connectek (Shen-Zhen) Inc. in the acquisition of an affiliated company
Date of events	2022/08/11	To which item it meets	paragraph 20
Statement	1.Type of merger and acquisition (e.g.merger, spin-off , acquisition, or share transfer):acquisition. 2.Date of occurrence of the event:2022/08/11 3.Names of companies participating in the merger and acquisition (e.g.name of the other company participating in the merger or consolidation, newly established company in a spin-off, acquired company, or company whose shares are taken assignment of): ADVANCED-CONNECTEK LAO SOLE CO., LTD. 4.Counterparty (e.g.name of the other company participating in the merger or consolidation, company taking assignment of the spin-off, or counterparty to the acquisition or assignment of shares): MODERN FRONTIER LIMITED 5.Whether the counterparty of the current transaction is a related party? :Yes. 6.Relationship between the counterparty and the Company (investee company in which the Company has re-invested and has shareholding of XX%), and explanation of the reasons for the decision to acquire, or take assignment of the shares of, an affiliated enterprise or related person, and whether it will affect shareholders' equity: All of companies participating in the acquisition, are indirectly 100% owned subsidiaries of the Company. This transaction does not affect the Company's shareholders' equity. 7.Purpose/objective of the merger and acquisition: Reorganization within the Group. 8.Anticipated benefits of the merger and acquisition: Reorganization within the Group. This transaction has no material impact. 9.Effect of the merger and acquisition on net worth per share and earnings per share: There is no impact on the Company's consolidated statements. 10.Share exchange ratio and basis of its calculation:NA 11.Whether the CPA, lawyer or securities underwriter issued an opinion on the unreasonableness regarding the transaction: None. 12.Name of accounting, law or securities firm:Chinyuan accounting firm. 13.Name of CPA or lawyer:Lin Chun Ting 14.Number of CPA or lawyer license:6376 15.Scheduled timetable for consummation:2022/12/31 16.Matters related to assumption by the existing company or new company of rights and obligations of the extinguished (or spun-off) company:NA 17.Basic information of companies participating in the merger:NA 18.Matters related to the spin-off (including estimated value of the business and assets planned to be assigned to the existing company or new company; the total number and the types and volumes of the shares to be acquired by the split company or its shareholders; matters related to the reduction, if any, in capital of the split company) (note: not applicable other than where there is announcement of a spin-off):NA 19.Conditions and restrictions on future transfers of shares resulting from the merger and acquisition :None 20.Other important stipulations:None 21.Do the directors have any objection to the present transaction?:None 22.The information of the directors that is an interested party(name of the directors, an explanation of the important aspects of the relationship of interest, the reasons why the director was required or not required to enter recusal, and the status of their recusal; opinions expressing objections or reservations):None 23.Any other matters that need to be specified:None