Taiwan Mobile : TWM VENTURE CO., LTD., a 100%-owned subsidiary of TWM, announces to acquire common shares of Cloud Mile Inc.

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Provided by: TAIWAN MOBILE CO., LTD.
SEQ_NO	2	Date of announcement	2022/06/16	Time of announcement	23:35:57
Subject	TWM VENTURE CO., LTD., a 100%-owned subsidiary of TWM, announces to acquire common shares of Cloud Mile Inc.
Date of events	2022/06/16	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.):The ordinary shares of Cloud Mile Inc. 2.Date of occurrence of the event:2022/02/25~2022/06/16 3.Amount, unit price, and total monetary amount of the transaction: 2022/02/25 Volume: 2,757,670 common shares Price: USD 2.901 per share Amount: USD 8,000,000 2022/06/16 Volume: 2,638,261 common shares Price: USD 2.82 per share Amount: USD 7,440,000 Cumulative Volume: 5,395,931 common shares Amount: USD 15,440,000 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): Transaction counterparty: Alibaba Taiwan Entrepreneurs Fund I, L.P. and CDIB Venture Capital Corporation Relationship with the company: non-related party 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:Not applicable 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:Not applicable 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):Not applicable 8.Profit or loss from the disposal (not applicable in cases of acquisition of securities) (those with deferral should provide a table explaining recognition):Not applicable 9.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important terms and conditions: Delivery or payment terms: in accordance with the contract 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. In accordance with seller's terms 2. Reference basis: independent professional opinion on prices provided by Wau Yuan Property Appraisal Co., Ltd. and related regulations 3. Decision-making unit: Resolutions passed by the Board of Directors 11.Net worth per share of the Company's underlying securities acquired or disposed of:USD 0.84 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: (1) Cumulative no. of the shares: 5,395,931 shares (2) Monetary amount: US$15,440,000 (3) Shareholding percentage: ~18% 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) Percentage of total assets: ~2.09% (2) Percentage of shareholder's equity of the parent company on the latest financial statements: ~5.21% (3) Amount of working capital on the latest financial statement: -NT$35,483,914,000 14.Broker and broker's fee:None 15.Concrete purpose or use of the acquisition or disposal: For the company's strategic development 16.Any dissenting opinions of directors to the present transaction:None 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:N/A 21.Name of the CPA firm:Wau Yuan Property Appraisal Co., Ltd. 22.Name of the CPA: Su-Chen Chen Joey Wu Eva Yu 23.Practice certificate number of the CPA:N/A 24.Whether the transaction involved in change of business model:No 25.Details on change of business model:N/A 26.Details on transactions with the counterparty for the past year and the expected coming year:N/A 27.Source of funds:TWM Venture Co., Ltd. 28.Any other matters that need to be specified:None