JihSun Financial : On behalf of JS Cresvale Securities Int'l Ltd., Jih Sun FHC announces transfer of part of their brokerage business activities and assets to Fubon Securities(HK).

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Provided by: JIH SUN FINANCIAL HOLDING CO., LTD
SEQ_NO	2	Date of announcement	2022/06/28	Time of announcement	17:39:04
Subject	On behalf of JS Cresvale Securities Int'l Ltd., Jih Sun FHC announces transfer of part of their brokerage business activities and assets to Fubon Securities(HK).
Date of events	2022/06/28	To which item it meets	paragraph 20
Statement	1.Type of merger and acquisition (e.g.merger, spin-off , acquisition, or share transfer):Transfer of Business activities and assets 2.Date of occurrence of the event:2022/06/28 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):JS Cresvale Securities International Limited 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):Fubon Securities (Hong Kong) 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: (1) Transferee is affiliate company with JS Cresvale Securities International Limited. (2) Transfer bussiness activities could reduce the operating loss with no change in shareholder's right. 7.Purpose/objective of the merger and acquisition: To reduce the operating loss and protect clients' and employees' right, JS Cresvale Securities Int'l Ltd. would transfer part of their brokerage business activities and assets to Fubon Securities(HK). 8.Anticipated benefits of the merger and acquisition:Expect to reduce operating cost and provide more services to clients. 9.Effect of the merger and acquisition on net worth per share and earnings per share:No 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:No 12.Name of accounting, law or securities firm:Ernest & Young Taiwan 13.Name of CPA or lawyer:Huang, Chien-Che 14.Number of CPA or lawyer license:No. 4860 15.Scheduled timetable for consummation: When the competent authorities approve. 16.Matters related to assumption by the existing company or new company of rights and obligations of the extinguished (or spun-off) company:Transfer the the brokerage business and business equipment to Fubon Securities(HK) at a transaction price of HK$57,000. 17.Basic information of companies participating in the merger: Fubon Securities (Hong Kong) Limited: Dealing in Securities and Futures JS Cresvale Securities International Limited: Dealing in Securities 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 :NA 20.Other important stipulations:None 21.Do the directors have any objection to the present transaction?:No 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): Director CHANG SHUO FONG is an interested party as the director of JS Cresvale Securities International Limited and Fuban securities(HK). 23.Any other matters that need to be specified: The case is still pending approval by the competent authority.