Compeq Manufacturing : Announcement of the company's subsidiary's share swap

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Provided by: COMPEQ MANUFACTURING COMPANY LIMITED
SEQ_NO	1	Date of announcement	2022/05/30	Time of announcement	14:25:37
Subject	Announcement of the company's subsidiary's share swap
Date of events	2022/05/30	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.):Announcement on Compeq Technology (Huizhou) Co., Ltd. increase capital of Compeq Manufacturing (Huizhou) Co., Ltd. as result of investment equity of Huabo Technology (Huizhou) Co., Ltd. to share swap 2.Date of occurrence of the event:2022/05/30 3.Amount, unit price, and total monetary amount of the transaction: Amount & unit price:NA ;Total monetary amount:CNY312,164 thousand 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:Compeq Manufacturing (Huizhou) Co., Ltd.& Compeq Technology (Huizhou) Co., Ltd Relationship:100% owned by Compeq Manufacturing Co., Ltd. 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: Stock Right Structure restructuring. Previous transfer:None 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.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):NA 8.Profit or loss from the disposal (not applicable in cases of acquisition of securities) (those with deferral should provide a table explaining recognition):NA 9.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important terms and conditions: Terms: Base on contract Restrictive covenants, other important terms and conditions:None 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: According to board of directors resolution on 2022/5/30 11.Net worth per share of the Company's underlying securities acquired or disposed of:NA 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: Parent:Huaton Holdings Limited Subsidiary:Compeq Technology (Huizhou) Co., Ltd Amount: USD 255,438 thousand Shareholding percentage: 75% Restriction rights:None Parent:Compeq Manufacturing (Huizhou) Co., Ltd. Subsidiary: Compeq Technology (Huizhou) Co., Ltd Amount: CNY 512,164 thousand Shareholding percentage: 25% Restriction rights:None Parent:Compeq Technology (Huizhou) Co., Ltd Subsidiary: Huabo Technology (Huizhou) Co., Ltd. Amount: CNY 312,164 thousand Shareholding percentage: 100% Restriction rights: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:2.65%;4.23%;NTD7,851,129 thousand 14.Broker and broker's fee:NA 15.Concrete purpose or use of the acquisition or disposal: Stock Right Structure restructuring. 16.Any dissenting opinions of directors to the present transaction:No 17.Whether the counterparty of the current transaction is a related party:Yes 18.Date of the board of directors resolution:2022/05/30 19.Date of ratification by supervisors or approval by the Audit Committee:2022/05/30 20.Whether the CPA issued an unreasonable opinion regarding the current transaction:No 21.Name of the CPA firm:Guangdong rongde certified public tax agents co., ltd 22.Name of the CPA:Zhou Xiaoliang 23.Practice certificate number of the CPA:No.91441303MA52AT183X 24.Whether the transaction involved in change of business model:NA 25.Details on change of business model:NA 26.Details on transactions with the counterparty for the past year and the expected coming year:NA 27.Source of funds:Share swap 28.Any other matters that need to be specified:None