Compal Electronics : The Board of Directors resolved to incorporate and invest in Kinpo&Compal Group Assets Development Corporation

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Provided by: Compal Electronics, Inc.
SEQ_NO	4	Date of announcement	2021/11/19	Time of announcement	17:15:57
Subject	The Board of Directors resolved to incorporate and invest in Kinpo&Compal Group Assets Development Corporation
Date of events	2021/11/19	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 common shares of Kinpo&Compal Group Assets Development Corporation 2.Date of occurrence of the event:2021/11/19 3.Amount, unit price, and total monetary amount of the transaction: Unit: 52,500 thousand shares Unit price: NT$10 dollars Total amount: NT$ 525,000 thousands 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: Kinpo&Compal Group Assets Development Corporation Relationship with the Company: a 70%-owned subsidiary incorporated & invested by the Company 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):NA 9.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important terms and conditions:To pay by remittance 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: The decision-making unit: Approved by the board of directors 11.Net worth per share of the Company's underlying securities acquired or disposed of:NT$ 10 per share 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: Cumulative no. of shares held: 52,500 thousand shares Total amount: NT$525,000 thousands Shareholding percentage: 70% Status of any restriction of rights: None 13.Current ratio of securities investment (including the current trade, as listed in article 3 of Regulations Governing the Acquisition and Disposal of Assets by Public Companies) to the total assets and equity attributable to owners of the parent as shown in the most recent financial statement and working capital as shown in the most recent financial statement as of the present: To the total assets:23.11% To the equity attributable to owners of the parent:83.23% The working capital: NT$ 27,917,021 thousands 14.Broker and broker's fee: NA 15.Concrete purpose or use of the acquisition or disposal: To acquire the superficial rights of land located at No.91, Ruanqiao Section, Beitou Dist., Taipei City 16.Any dissenting opinions of directors to the present transaction:NONE 17.Whether the counterparty of the current transaction is a related party:NONE 18.Date of the board of directors resolution:2021/11/11 19.Date of ratification by supervisors or approval by the Audit Committee:2021/11/11 20.Whether the CPA issued an unreasonable opinion regarding the current transaction:NA 21.Name of the CPA firm:NA 22.Name of the CPA:NA 23.Practice certificate number of the CPA:NA 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:Self-owned funds 28.Any other matters that need to be specified: The Company participates in the open tender by means of organizing a cooperative alliance with AcBel Polytech Inc. to bid the superficial rights. After the cooperative alliance wins the bidding, the Company and AcBel Polytech Inc. will jointly incorporate and invest in a new company to be the main party to execute the agreement with Taipei City Government afterwards.