Announcement on behalf of subsidiary,
COTECH, INC. of change in accounting policy
since January 1, 2021.
Date of events
2022/04/28
To which item it meets
paragraph 9
Statement
1.Date of board of directors' resolution:2022/04/28
2.Nature of the change:Change in accounting policy
3.Reason for the change:Voluntary adoption of IFRSs
4.Each line item affected and the actual effect for the accounting year
before the accounting year changed by retrospective application of
the accounting policy change:Reduced marketing costs by NT$288,000 and
increased finance costs by NT$395,000.
5.Actual effect on the opening balance of retained earnings for
the last accounting year:Reduced by NT$825,000
6.Reasons of the material difference between the actual effect of
the accounting policy change and the original projected effect
announced and filed :NA
7.The CPA opinion on the reasonableness of the aforementioned reasons
of difference:None
8.Objection or reservation opinion from the independent directors:NA
9.Countermeasures:None
10.Any other matters that need to be specified:None
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Swancor Holding Co. Ltd. published this content on 28 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2022 07:54:07 UTC.
Swancor Holding Co Ltd is a Taiwan-based company mainly engage in the provision of resins. The new materials business is engaged in the provision of environmental protection and corrosion resistant materials such as vinyl ester resins and special unsaturated polyester resins, wind power blade materials such as infusion resins, mold resins, adhesives and prepreg resins for wind turbine blade beams, as well as composite materials such as environmentally friendly resins, rail transit safety materials and epoxy resins. The carbon fiber composite materials business is engage in the provision of wind power prepregs, flame-retardant prepregs, carbon fiber pultruded sheets and thermoplastic sheets. The offshore wind power business is engaged in the provision of offshore wind power development and maintenance services, energy technology services. The Company is also engaged in investment and technology business. The Company operates in Taiwan and mainland China markets.
SWANCOR HOLDING CO., LTD. 
