TPK : The Company's subsidiary TPK Universal Solutions Limited announces capital increase of TPKG as result of investment equity of MTOH to equity swap

The Company's subsidiary TPK Universal Solutions Limited announces capital increase of TPKG as result of investment equity of MTOH to equity swap

2021-08-20

1.Date of occurrence of the event:2021/08/20

2.Method of the current increase (decrease) in investment:

Capital increase of TPK Glass Solutions (Xiamen) Inc.

as result of investment equity of TPK MasTouch Solutions (Xiamen) Inc.

to equity swap

3.Amount, unit price, and total monetary amount of the transaction:

NA/NA/USD $47,961 thousands(equivalent NTD $1,340,990 thousands)

4.Company name of the mainland Chinese investee:

TPK Glass Solutions (Xiamen) Inc.

5.Paid-in capital of aforementioned mainland Chinese investee:

USD $371,820 thousands (equivalent to NTD $10,396,087 thousands)

6.Amount of capital increase currently planned for the aforementioned

mainland Chinese investee:

USD $47,961 thousands (equivalent to NTD $1,340,990 thousands)

7.Main businesses of the aforementioned mainland Chinese investee:

Optical glass processing and sales

8.Type of CPA opinion in the latest annual financial statements of the

aforementioned mainland Chinese investee:Unqualified opinion

9.Total equity of the aforementioned mainland Chinese investee in the latest

annual financial statements:

equivalent to NTD $929,577 thousands

10.Amount of profit/loss of the aforementioned mainland Chinese investee in

the latest annual financial statements:

Amount of loss equivalent to NTD $132,042 thousands

11.Amount of actual investment in the aforementioned mainland Chinese

investee, up to the present moment:

USD $371,820 thousands (equivalent to NTD $10,396,087 thousands)

12.Trading counterparty and its relationship with the Company:

TPK Universal Solutions Limited. & TPK Glass Solutions (Xiamen) Inc.

They are all 100% owned by TPK Holding Co.,Ltd.

13.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:

Consider future operating direction of TPK MasTouch Solutions (Xiamen) Inc.,

NA

14.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/NA/NA

15.Profit (or loss) upon disposal:NA

16.Terms of delivery or payment (including payment period and monetary

amount), restrictive covenants in the contract, and other important terms

and conditions:

No actual payment will occur in the investment equity to Equity SWAP.

17.The manner in which the current transaction was decided, the reference

basis for the decision on price, and the decision-making unit:

Subject to the BOD resolutions of TPK Glass Solutions (Xiamen) Inc.

and TPK Universal Solutions Limited,

Subject to the Audit Committee and BOD resolutions of TPK Holding Co., Ltd..

18.Broker:None

19.Concrete purpose of the acquisition or disposal:

Business operation

20.Any dissenting opinions of directors to the present transaction:None

21.Whether the counterparty of the current transaction is a related party:

Yes

22.Date of the board of directors resolution:2021/08/20

23.Date of ratification by supervisors or approval by

the Audit Committee:2021/08/20

24.Total amount of investment in mainland China (including the current

investment) approved by the Investment Commission, up to the present moment:

NA

25.Ratio of the total amount of investment in mainland China (including the

current investment) approved by the Investment Commission, up to the present

moment, to the paid-in capital on the latest financial statements:NA

26.Ratio of the total amount of investment in mainland China (including the

current investment) approved by the Investment Commission, up to the present

moment, to the total assets on the latest financial statements:NA

27.Ratio of the total amount of investment in mainland China (including the

current investment) approved by the Investment Commission, up to the present

moment, to equity attributable to owners of the parent on the latest

financial statements:NA

28.Total amount of actual investment in mainland China, up to the present

moment:

equivalent to NTD $33,654,763 thousands (including the present investment)

29.Ratio of the total amount of actual investment in mainland China, up to

the present moment, to the paid-in capital on the latest financial

statements:

827.58% (as of 2021 Q1 financial statement, including the present investment)

30.Ratio of the total amount of actual investment in mainland China, up to

the present moment, to the total assets on the latest

financial statements:

35.68% (as of 2021 Q1 financial statement, including the present investment)

31.Ratio of the total amount of actual investment in mainland China, up to

the present moment, to equity attributable to owners of the parent on the

latest financial statements:

93.38% (as of 2021 Q1 financial statement, including the present investment)

32.Amount of recognized profit (loss) on investment in mainland China for

the last three years:

(2018) NTD $ 1,418,808 thousands

(2019) NTD $ 384,020 thousands

(2020) NTD $ 1,466,764 thousands

33.Amount of profit remitted back to Taiwan for the last

three years:

(2018) 0

(2019) 0

(2020) 0

34.Whether the CPA issued an unreasonable opinion regarding the current

transaction:No

35.Name of the CPA firm:Crowe (TW) CPAs

36.Name of the CPA:CHEN ZHAO-HUI

37.Practice certificate number of the CPA:No.4361

38.Any other matters that need to be specified:

US$ 1 = NT$ 27.96