Chang Chun Plastics Co., Ltd. agreed to acquire Taiwan Prosperity Chemical Corporation (TPCC) from Taiwan Cement Corp. (TSEC:1101) for TWD 2.4 billion on March 19, 2021. Chang Chun Plastics Co., Ltd. will acquire 132 million share at TWD 18.2 million per share. After the closing of the transaction, the Taiwan Cement Corp. will not hold any share of TPCC. The completion of this transaction will still be subject to the fulfillment of multiple preconditions, including but not limited to obtaining the approval by the Taiwan Fair Trade Commission and the China Anti-Monopoly Bureau of the Ministry of Commerce. Date of the board of directors resolution and ratification by supervisors or approval by the Audit Committee is March 19, 2021. Taiwan Prosperity Chemical Corporation will pay TWD 400 million to TCC Chemical Corporation as the consideration of the termination. Ming-Yi Wu of Reanda M Y Wu & Co., CPAs acted provided a reasonableness report to Taiwan Cement Corp. Chen Wayne W.C. and Chu Jerry Y.K. of KPMG Corporate Finance Co., Ltd. acted as financial advisor to Chang Chun Plastics Co., Ltd.

Chang Chun Plastics Co., Ltd. completed the acquisition of Taiwan Prosperity Chemical Corporation from Taiwan Cement Corp. (TWSE:1101) on August 17, 2021.