President Chain Store : The Board of Directors of President Chain Store Corp. resolved to acquire 10.50% shares of PresiCarre Corp.

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Provided by: PRESIDENT CHAIN STORE CORPORATION
SEQ_NO	2	Date of announcement	2022/07/19	Time of announcement	23:46:31
Subject	The Board of Directors of President Chain Store Corp. resolved to acquire 10.50% shares of PresiCarre Corp.
Date of events	2022/07/19	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.):10.50% common shares of PresiCarre Corp. 2.Date of occurrence of the event:2022/07/19 3.Amount, unit price, and total monetary amount of the transaction: (1)Volume: 78,171,196 shares (2)Unit price: estimated unit price to be NTD 64.92. (3)Total monetary amount of the transaction: estimated total monetary amount of the transaction to be NTD 5,075 million. 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): (1)Trading counterparty: Carrefour Nederland B.V. and Carrefour S.A. (2)Its relationship with the Company: None 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: (1)Terms of delivery or payment: Pursuant to the terms and conditions of the transaction agreement. (2)Restrictive covenants in the contract, and other important terms and conditions: According to the transaction agreement, the completion of the transaction is notably conditioned upon the approval of the Fair Trade Commission. 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: (1)The manner of deciding on this transaction: Resolved by the Board of Directors (2)The reference basis for the decision on price: The transaction price is negotiated and agreed by the sellers and the buyers with reference to the Evaluation Report of the expert. (3)The decision-making unit: The Board of Directors 11.Net worth per share of the Company's underlying securities acquired or disposed of:NTD 14.99. 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: President Chain Store Corp.: (1)Cumulative no. of shares held: 223,343,556 shares (2)Cumulative monetary amount: estimated amount to be 10,011 million. (3)Cumulative Shareholding percentage: 30% (4)Status of any restriction of rights: no restriction of rights Uni-President Enterprises Corp.: (1)Cumulative no. of shares held: 521,138,744 shares (2)Cumulative monetary amount: estimated amount to be 26,045 million. (3)Cumulative Shareholding percentage: 70% (4)Status of any restriction of rights: no restriction of rights 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: (1)Ratio to total assets: 36.57% (2)Ratio to shareholder's equity: 144.48% (3)Working capital: NTD 10,719,621 thousand 14.Broker and broker's fee:None 15.Concrete purpose or use of the acquisition or disposal: Long-term investment 16.Any dissenting opinions of directors to the present transaction:No 17.Whether the counterparty of the current transaction is a related party:No 18.Date of the board of directors resolution:NA 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:JYH HER CPAs 22.Name of the CPA:Chen, Wei-Yue 23.Practice certificate number of the CPA:TPECPA#1804 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:No 27.Source of funds: The payment will be made by cash and bank loan. 28.Any other matters that need to be specified: (1)Pursuant to the transaction agreement, the final consideration will be determined based on the actual financial condition of the target company on the closing date and will be further adjusted according to the transaction agreement after the closing date. (2)As forementioned, the final consideration will not be determined until the closing date. As of the date of this announcement, the monetary amount of the transaction mentioned above is estimated based on the financial statements of the target company on 2021/12/31.