The company's board of directors approved to
change the functional currency to New Taiwan Dollar
Date of events
2022/07/15
To which item it meets
paragraph 51
Statement
1.Date of occurrence of the event:2022/07/15
2.Company name:Jinan Acetate Chemical Co., LTD.
3.Relationship to the Company (please enter "head office" or
"subsidiaries"):head office
4.Reciprocal shareholding ratios:Not applicable
5.Cause of occurrence:Considering the effectiveness of group
fundraising management, the company's function has been Changed to the
planning of the Group's fundraising activities
and the proposed investment activities in Taiwen mainly
in NTD, Therefore, the functional currency has been changed
from RMB to NTD.
6.Countermeasures:In accordance with International
Accounting IAS No.21, the processing will be deferred
from July 1, 2022.
7.Any other matters that need to be specified:None
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Jinan Acetate Chemical Co. Ltd. published this content on 15 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 July 2022 10:13:07 UTC.
Jinan Acetate Chemical Co., LTD. is an acetate tow manufacturer. The Company and its subsidiaries are principally engaged in research and development, manufacturing and sale of acetate tow. The Company's main product is cellulose acetate tow, which is applied in filters, reverse osmosis films, hollow fibers, acetate fibers for textile, and other fileds.
JINAN ACETATE CHEMICAL CO., LTD. 
