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    2615   TW0002615002

WAN HAI LINES LTD.

(2615)
  Report
End-of-day quote Taiwan Stock Exchange  -  2022-07-04
116.00 TWD   +0.43%
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Wan Hai Lines : Announcement for equity sell of Dawin Logistics (International) Limited on behalf of WAN HAI LINES (H.K.) LIMITED

06/23/2022 | 05:55am EDT
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Provided by: WAN HAI LINES LTD.
SEQ_NO 2 Date of announcement 2022/06/23 Time of announcement 16:31:30
Subject
 Announcement for equity sell of Dawin Logistics
(International) Limited on behalf of WAN HAI LINES (H.K.)
LIMITED
Date of events 2022/06/23 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.):100% equity of Dawin Logistics (International) Limited
2.Date of occurrence of the event:2022/06/23
3.Amount, unit price, and total monetary amount of the transaction:
Amount: 144,640,000 shares
Total monetary amount: The estimated net value of Dawin Logistics
(International) Limited on 2022/06/30 no less than HKD 178,301,001
(approximately NTD 675,000,000)
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):
Wan Hai Lines LTD. which is the parent company of
WAN HAI LINES (H.K.) LIMITED
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:
Adjusting the investment structure for the Group's long-term development.
The previous owner, price of transfer, date of acquisition: 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: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):N/A
8.Profit or loss from the disposal (not applicable in cases of acquisition
of securities) (those with deferral should provide a table explaining
recognition):None
9.Terms of delivery or payment (including payment period and monetary
amount), restrictive covenants in the contract, and other important terms
and conditions:The payment will be arranged based on 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:
Reference basis for the decision on price: The net value of Dawin
Logistics (International) Limited on 2022/06/30
Decision-making department: Board of Directors
11.Net worth per share of the Company's underlying securities acquired or
disposed of:HKD1.23 (NTD4.67)
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:
Holder: Wan Hai Lines LTD.
Volume: 144,640,000 shares / Amount: HKD 178,301,001~285,987,744
Percentage: 100% / Restriction: None
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:
ratio to the total assets:0.03%
ratio to shareholder's equity: 0.07%
operating capital: NTD 39,201,131 thousands
14.Broker and broker's fee:None
15.Concrete purpose or use of the acquisition or disposal:Adjusting the
investment structure for the Group's long-term development
16.Any dissenting opinions of directors to the present transaction:None
17.Whether the counterparty of the current transaction is
a related party:Yes
18.Date of the board of directors resolution:2022/06/23
19.Date of ratification by supervisors or approval by
the Audit Committee:2022/06/23
20.Whether the CPA issued an unreasonable opinion regarding the current
transaction:No
21.Name of the CPA firm:NEXIA Sun Rise CPAs & Co.,
22.Name of the CPA:CHEN LI WEN
23.Practice certificate number of the CPA:Taipei CPA Association No.2919
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:N/A
28.Any other matters that need to be specified:
This transaction is investment structure adjustment, and the
actual controlling interest and controlling shareholding ratio
remain unchanged.

Disclaimer

Wan Hai Lines Ltd. published this content on 23 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 June 2022 09:54:05 UTC.


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Chih Hsien Chen Head-Finance
Po Ting Chen Chairman
Jui Tsun Liu Independent Director
Rung Nian Lai Independent Director
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