Subject NTC Board of Directors Approved to Acquire Formosa Advanced Technologies Co., Ltd.'s shares
Date 108/12/13
Statement
  1. Name of the securities:Ordinary shares of Formosa Advanced Technologies Co., Ltd. (FATC)
  2. Trading date:2019/12/16
  3. Trading volume, unit price, and total monetary amount of the transaction:
    Expected trading volume:up to 57,489 thousand shares;
    Expected unit price:NT$ 35.65 per share;
    Expected total monetary amount:up to NT$ 2,049,482,850
  4. Gain (or loss) (not applicable in case of acquisition of securities):NA
  5. Relationship with the underlying company of the trade:
    FATC is an investee company accounted for using equity method
  6. Current cumulative volume, amount, and shareholding percentage of holdings of the security being traded (including the current trade) and status of any restriction of rights (e.g.pledges):
    Expected 141,511 thousand shares, NT$ 4,998,678 thousand, and approximately 32% of FATC's issued shares
  7. Current ratio of long or short term securities investment (including the current trade) to the total assets and shareholder's equity as shown in the most recent financial statement and the operational capital as shown in the most recent financial statement:
    to the total asset:18.4%
    to the shareholder's equity:24.6%
    the operational capital:NT$ 34,419,896 thousand
  8. Concrete purpose/objective of the acquisition or disposal: To increase returns on the Company's cash assets, to strengthen the cooperation relationship with FATC on product engineering, packaging, and testing, and to enhance the overall operational performance
  9. Do the directors have any objections to the present transaction?:No
  10. Is it a related party transaction?:No
  11. Counterparty to the trade and its relationship to the company:NA
  12. Date of the board of directors' resolution:2019/12/13
  13. Date of the recognition of the supervisors or the board of independent directors' resolution:2019/12/13
  14. Any other matters that need to be specified:
    1. NTC plans to acquire FATC's shares through block trading in stock exchange market and a main seller would be Formosa Taffeta Co., Ltd.
    2. An additional announcement will be made after the actual transaction.