Wan Hai Lines : Announcement for equity sell of Dawin Logistics (International) Limited on behalf of WAN HAI LINES (H.K.) LIMITED

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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.