TPK : Announce the Disposal of Right-of-use Asset for subsidiary (TPK Touch Solutions(Xiamen) Inc.)

Announce the Disposal of Right-of-use Asset for subsidiary (TPK Touch Solutions(Xiamen) Inc.)

2020-12-18

1.Name and nature of the underlying asset (e.g., land located at Sublot XX,

Lot XX, North District, Taichung City):

Right-of-use asset of real estate located at

NO.1,Haijing North Road, Haicang, Xiamen, Fujian, China

2.Date of occurrence of the event:2020/12/18

3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping),

unit price, and total transaction price:

Transaction volume:12,350 square meters,equivalent to 3,735.88 p'ing.

Unit price：RMB 16.00/per square meter/per month

Total transaction price of right-of-use asset:NTD 4,366,478

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):

Counterparty : TPK MasTouch Solutions (Xiamen) Inc.

Relationship: Related party in substance(100% owned subsidiaries in group)

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:

Reason: Business needs

Previous: NA

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:NA

7.Projected gain (or loss) through disposal (not applicable for

acquisition of assets; those with deferral should provide a table

explaining recognition):

Anticipated profit from the disposal:NTD 823,796

8.Terms of delivery or payment (including payment period and

monetary amount), restrictive covenants in the contract,

and other important terms and conditions:

Payment terms:NA

Restrictions:None

Other important stipulations:None

9.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:

Based on the Procedures of the Acquisition or Disposal of Assets

10.Name of the professional appraisal firm or company and

its appraisal price:NA

11.Name of the professional appraiser:NA

12.Practice certificate number of the professional appraiser:NA

13.The appraisal report has a limited price, specific price,

or special price:NA

14.An appraisal report has not yet been obtained:NA

15.Reason for an appraisal report not being obtained:NA

16.Reason for any significant discrepancy with the appraisal reports

and opinion of the CPA:NA

17.Name of the CPA firm:NA

18.Name of the CPA:NA

19.Practice certificate number of the CPA:NA

20.Broker and broker's fee:NA

21.Concrete purpose or use of the acquisition or disposal:

Business needs

22.Any dissenting opinions of directors to the present transaction:No

23.Whether the counterparty of the current transaction is a

related party:@Yes

24.Date of the board of directors resolution:2020/12/18

25.Date of ratification by supervisors or approval by

the audit committee:NA

26.The transaction is to acquire a real property or right-of-use

asset from a related party:No

27.The price assessed in accordance with the Article 16 of the

Regulations Governing the Acquisition and Disposal of Assets

by Public Companies:NA

28.Where the above assessed price is lower than the transaction price,

the price assessed in accordance with the Article 17 of the same

regulations:NA

29.Any other matters that need to be specified:None