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    2371   TW0002371002

TATUNG CO., LTD.

(2371)
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End-of-day quote Taiwan Stock Exchange  -  2022-06-27
34.10 TWD   +0.15%
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Tatung : On behalf of subsidiary Tatung Forever Energy Co.,Ltd. to announce that it increases capital by Cinzhi Power Co. , Ltd.

05/20/2022 | 06:16am EDT
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Today's Information

Provided by: TATUNG CO.
SEQ_NO 1 Date of announcement 2022/05/20 Time of announcement 17:53:23
Subject
 On behalf of subsidiary Tatung Forever Energy
Co.,Ltd. to announce that it increases capital by
Cinzhi Power Co. , Ltd.
Date of events 2022/05/20 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.):Common shares of Cinzhi Power Co. , Ltd.
2.Date of occurrence of the event:2022/05/20
3.Amount, unit price, and total monetary amount of the transaction:
Amount: 84,000,000 shares
per unit price:NT$10 per share
Total monetary amount of the transaction:No more than NT$840 million
(upper limit)
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):
Trading counterparty: Cinzhi Power Co. , Ltd.
Relationship with the Company: Cinzhi Power Co. , Ltd. is a 100%
subsidiary of Tatung Forever Energy Co., Ltd.
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:issue new shares, N/A
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:
Acquired new equity in  Cinzhi Power Co. , Ltd. by way of capital increase,
N/A
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:
The actual investment amount is implemented in stages according to
the time schedule of the capital demand of Cinzhi Power Co. , Ltd.
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:
It was resoluted by the board meeting of Tatung Forever Energy Co., Ltd
11.Net worth per share of the Company's underlying securities acquired or
disposed of:NT$9.98 per share
12.Cumulative no.of shares held (including the current transaction), their
monetary amount, shareholding percentage, and status of any restriction of
rights (e.g., pledges), as of the present moment:
Cumulative no. of shares held: 100,000,000   shares
Monetary amount: NT$ 10,000,000,000
Shareholding percentage: 100   %
Status of any restriction of rights: No
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:
Current ratio to the total assets: 1.34%,
Current ratio attributable to the shareholder's equity:2.66%,
The operating capital: NTD 4,341,079 thousand.
14.Broker and broker's fee:NA
15.Concrete purpose or use of the acquisition or disposal:
Long-term investment to develop energy storage business.
16.Any dissenting opinions of directors to the present transaction:NA
17.Whether the counterparty of the current transaction is
a related party:Yes
18.Date of the board of directors resolution:2022/05/20
19.Date of ratification by supervisors or approval by
the Audit Committee:2022/05/20
20.Whether the CPA issued an unreasonable opinion regarding the current
transaction:NA
21.Name of the CPA firm:NA
22.Name of the CPA:NA
23.Practice certificate number of the CPA:NA
24.Whether the transaction involved in change of business model:None
25.Details on change of business model:NA
26.Details on transactions with the counterparty for the past year and the
expected coming year:None
27.Source of funds:NA
28.Any other matters that need to be specified:
1. Supplement 2022/05/04 No. 9 Renewal Announcement
2. The actual investment amount is implemented in stages according to
   the time schedule of the capital demand of Cinzhi Power Co. , Ltd.

Disclaimer

Tatung Company published this content on 20 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 May 2022 10:14:08 UTC.


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