EDOM Technology Co., Ltd. (TWSE:3048) agreed to acquire remaining 94.15% stake in Promaster Technology Corp. (TPEX:3429) for TWD 720 million on September 30, 2021. Under the terms, Offer price is TWD 18 per share. Source of funds includes, but is not limited to, own capital or bank loan. Transaction is subject to approval from shareholders of EDOM and Promaster. Board of Directors of EDOM and Promaster approved the transaction. As of November 18, 2021 EDOM shareholders have approved the transaction. As on December 30, 3021, Change in representative of Promaster 's directors and supervisors took place. Wu,MING-XIONG as Chairman and president of Promaster, BO-QUAN ZENG as Senior commissioner of EDOM TECHNOLOGY CO., LTD, JIAN,XIAN-YONG as Vice president of EDOM TECHNOLOGY CO., LTD. and ZHAN,LI-YAN as Senior manager of EDOM TECHNOLOGY CO., LTD. Due to the acquisition there is Change in one-third or more of directors. The tentative record date is set as December 30, 2021. The Company had already provided written notice to PROMASTER according to the Article 369.8.1 of Company Law. CHU, CHIEN-CHOU of ITrust & Co. acted as Certified Public Accountants for EDOM.

EDOM Technology Co., Ltd. (TWSE:3048) completed the acquisition of 94.15% stake in Promaster Technology Corp. (TPEX:3429) on December 30, 2021.