Feng Tay Enterprises : Company Unaudited Consolidated Earnings for December 2016

The Company reported unaudited earnings for December 2016 with consolidated operating profit of TWD 684 million, before tax consolidated net profit of TWD 747 million.
As of December 31, 2016, consolidated operating profit totaled TWD 6,421 million. Before tax and after tax consolidated net profit amounted to TWD 7,053 million and TWD 5,535 million, respectively. Net profit attribute to the parent equity holders totaled TWD 5,034 million. Earnings per share was TWD 7.54.
Note:
The unaudited earnings mentioned above do not include the impact of 'Transfer pricing tax issues regarding the Company's subsidiaries Fujian Xiefeng Footwear Co., Ltd. and Fujian San Feng Footwear Co., Ltd.' on the financial statements, which was announced on 2016/12/14. In the announcement disclosed the Fujian Provincial Office SAT's 'Preliminary adjustment notice' stating :
HF tax adjustment : RMB 134,559,000 (RMB 77,584,000 Corporate income tax, and related RMB 28,310,000 value-added tax and RMB 28,665,000 withholding tax from technical service fee remitted to the Company) and plus interest.
SF tax adjustment : RMB 88,260,000 (RMB 46,026,000 corporate income tax, and related RMB 20,313,000 value-added tax and RMB 21,921,000 withholding tax from technical service fee remitted to the Company) and plus interest.
The Company would continue to express our standpoint to Fujian Provincial Office SAT through administrative and legal procedures.

The Company has already filed appeal in accordance with the law. The impact on the financial statements will be assessed properly in the audited financial statements to be confirmed by the Board of Directors of the Company.