De Licacy Industrial : Announcement indirect investment in China

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Provided by: DE LICACY INDUSTRIAL CO., LTD.
SEQ_NO	1	Date of announcement	2022/07/19	Time of announcement	15:59:53
Subject	Announcement indirect investment in China
Date of events	2022/07/19	To which item it meets	paragraph 20
Statement	1.Date of occurrence of the event:2022/07/19 2.Method of the current increase (decrease) in investment: Our capital increasing subsidiary De Licacy (Samoa) Holdings Co., LTD. which invest BEST ALLIANCE INTERNATIONAL LIMITED. BEST ALLIANCE INTERNATIONAL LIMITED invest and start 1~2 company in China Jiangsu Province. 3.Amount, unit price, and total monetary amount of the transaction: 2021/12/03 Equity transaction:5,000,000 shares.(USD) Unit price: USD$1/share Total transaction amount:USD5,000,000(NTD138,875,000) 2022/07/19 Equity transaction:10,000,000 shares.(USD) Unit price: USD$1/share Total transaction amount:USD10,000,000(NTD299,880,000) 4.Company name of the mainland Chinese investee: Nantong De Licacy Industrial Co., Ltd. 5.Paid-in capital of aforementioned mainland Chinese investee: Expected USD60,000,000 6.Amount of capital increase currently planned for the aforementioned mainland Chinese investee:NA 7.Main businesses of the aforementioned mainland Chinese investee: Fabric finishing; Dyeing; Apparel production; Interior textile production Knit and raw material selling: Wholesale in fabric、apparel、interior equipment. 8.Type of CPA opinion in the latest annual financial statements of the aforementioned mainland Chinese investee:NA 9.Total equity of the aforementioned mainland Chinese investee in the latest annual financial statements:NA 10.Amount of profit/loss of the aforementioned mainland Chinese investee in the latest annual financial statements:NA 11.Amount of actual investment in the aforementioned mainland Chinese investee, up to the present moment: USD 5,000,000 (NTD 138,875,000) invested on December 3, 2021 USD 10,000,000 (NTD299,880,000) invested on July 19, 2022 12.Trading counterparty and its relationship with the Company:NA 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: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 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: USD 5,000,000 (NTD 138,875,000) invested on December 3, 2021 USD 10,000,000 (NTD299,880,000) invested on July 19, 2022 17.The manner in which the current transaction was decided, the reference basis for the decision on price, and the decision-making unit: Board meeting fully authorize chairman can proceed capital employed within USD 60,000,000 in 2021/03/15. 18.Broker:NA 19.Concrete purpose of the acquisition or disposal:long-term equity investment 20.Any dissenting opinions of directors to the present transaction:NA 21.Whether the counterparty of the current transaction is a related party: No 22.Date of the board of directors resolution:NA 23.Date of ratification by supervisors or approval by the Audit Committee:NA 24.Total amount of investment in mainland China (including the current investment) approved by the Investment Commission, up to the present moment: De Licacy industrial Co.,Ltd.--USD196,820,565(NTD5,611,206,654) 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:145.91% 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:39.97% 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:113.89% 28.Total amount of actual investment in mainland China, up to the present moment:De Licacy industrial Co.,Ltd.--USD88,481,625(NTD2,632,385,488) 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:68.45% 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:18.75% 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:53.43% 32.Amount of recognized profit (loss) on investment in mainland China for the last three years: 2019:NTD 98,270 thousand dollars 2020:NTD 14,113 thousand dollars 2021:NTD-85,086 thousand dollars 33.Amount of profit remitted back to Taiwan for the last three years:NA 34.Whether the CPA issued an unreasonable opinion regarding the current transaction:NA 35.Name of the CPA firm:NA 36.Name of the CPA:NA 37.Practice certificate number of the CPA:NA 38.Any other matters that need to be specified: HangZhou Delicacy and Zhejiang Lucky Unique Enterprise will move or rename cause this investment.