Chailease : Announcement for the subsidiary My Leasing (Mauritius) Corp.(MLM) disposal of entirely owned 25% shareholding of Chailease Finance int'l Corp.

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Provided by: Chailease Holding Company Limited
SEQ_NO	1	Date of announcement	2022/08/19	Time of announcement	17:26:28
Subject	Announcement for the subsidiary My Leasing (Mauritius) Corp.(MLM) disposal of entirely owned 25% shareholding of Chailease Finance int'l Corp.
Date of events	2022/08/19	To which item it meets	paragraph 20
Statement	1.Name and nature of the underlying assets (if preferred shares, the terms and conditions of issuance shall also be indicated, e.g., dividend yield, etc.):The shareholding of Chailease Finance International Corp. 2.Date of occurrence of the event:2022/08/19 3.Amount, unit price, and total monetary amount of the transaction: Total amount US$57,000,000(NT$1,706,580,000) 4.Trading counterparty and its relationship with the Company (if the trading counterparty is a natural person and furthermore is not a related party of the Company, the name of the trading counterparty is not required to be disclosed): Counterparty:Chailease International Financial Services (Singapore) Pte. Ltd.(CIFS(SG)) Relationship:CIFS(SG) is a 100% owned subsidiary of Chailease Holding Company Limited 5.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:NA 6.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:NA 7.Matters related to the current disposal of creditors' rights (including types of collaterals of the disposed creditor's rights; if creditor's rights over a related party, announcement shall be made of the name of the related party and the book amount of the creditor's rights, currently being disposed of, over such related party):NA 8.Profit or loss from the disposal (not applicable in cases of acquisition of securities) (those with deferral should provide a table explaining recognition):None 9.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important terms and conditions:Cash Payment, USD 57,000,000 10.The manner of deciding on this transaction (such as invitation to tender, price comparison, or price negotiation), the reference basis for the decision on price, and the decision-making unit: According to "Processing Procedure for the Acquisition and Disposal of Assets"of MLM The reference basis of the price: Reference is made to the net worth per share shown on the most recent audited financial report as well as the profitability and development potential in the future. The decision-making department:Meeting of shareholders of MLM 11.Net worth per share of the Company's underlying securities acquired or disposed of:NA 12.Cumulative no.of shares held (including the current transaction), their monetary amount, shareholding percentage, and status of any restriction of rights (e.g., pledges), as of the present moment: NA;USD35,000,000;25%;NA 13.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:0% to total assets;0% to total shareholders'equity; NTD-9,380,447,460 for operating capital 14.Broker and broker's fee:None 15.Concrete purpose or use of the acquisition or disposal:Simplify the investment structure to fit Economic Substance Legislation. 16.Any dissenting opinions of directors to the present transaction:None 17.Whether the counterparty of the current transaction is a related party:Yes 18.Date of the board of directors resolution:2022/08/19 19.Date of ratification by supervisors or approval by the Audit Committee:NA 20.Whether the CPA issued an unreasonable opinion regarding the current transaction:No 21.Name of the CPA firm:EVERWELL& Co., CPAs. 22.Name of the CPA:HU KUANG WEI 23.Practice certificate number of the CPA:2567 24.Whether the transaction involved in change of business model:No 25.Details on change of business model:NA 26.Details on transactions with the counterparty for the past year and the expected coming year:NA 27.Source of funds:NA 28.Any other matters that need to be specified: (1)The subject transaction is subject to the approval of investment Commission MOEA and relevant authority. (2)MLM and CIFS(SG) both are the100% subsidiaries of the Company. The Company announces this transaction for the subsidiaries in this announcement. (3)Exchange rate is 29.94 NTD to the US Dollars