Today's Information

Provided by: Farglory F T Z Investment Holding Co.,Ltd.
SEQ_NO 2 Date of announcement 2022/07/21 Time of announcement 17:36:06
Subject
 Announcement of the resolution by the board of directors
of common share exchange on behalf of the subsidiary of
Farglory Free Trade Zone Co., Ltd.
Date of events 2022/07/21 To which item it meets paragraph 51
Statement
1.Date of occurrence of the event: 2022/07/21
2.Company name:
Farglory Free Trade Zone Co., Ltd. (FTZ)
3.Relationship to the Company (please enter "head office" or
  "subsidiaries"):Subsidiary
4.Reciprocal shareholding ratios:
Farglory Free Trade Zone Investment Holding Co., Ltd. holds 90.43%
shareholdings of FTZ.
5.Cause of occurrence:
To simplify the share structure, enhance the internal integration of the
Group, and improve the operation performance to meet the goal of corporate
growth and sustainable operations. The Board of Directors of Farglory Free
Trade Zone Investment Holding Co., Ltd. have passed the resolution of share
exchange with 2.04 common share of FTZ in exchange with 1 common share of
Farglory Free Trade Zone Investment Holding Co., Ltd.
6.Countermeasures:
It should bring positive benefits to sales expansion, market competitiveness,
and shareholders'interest through effective resource integration and drive
the market competitiveness.
7.Any other matters that need to be specified:
The share exchange ratio is calculated by index such as Farglory Free Trade
Zone Investment Holding Co., Ltd.'s fair value of the public offering
market, 2022 Q1 financial reports certified by CPA, both companies'net
value, operating status, corporate position, corporate value, and market
values, while referring to appraisal report by ClientView International
Financial Consulting Co., Ltd. and fairness opinion on share exchange ratio
issued by CPA Ju-Yo Tang from Horng Yow Accounting Firm after reviewing
the financial information. In sum, the share exchange ratio is reasonable
and shall not have significant negative impact on shareholders'equity.

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Farglory F T Z Investment Holding Co. Ltd. published this content on 21 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 July 2022 09:43:01 UTC.