Today's Information

Provided by: Sports Gear Co., Ltd.
SEQ_NO 7 Date of announcement 2022/03/10 Time of announcement 17:11:18
Subject 
 Announcement on behalf of PT Can Sports Industrial
Indonesia regarding engaging others to build on its own
land is approved by the Board of Directors
Date of events 2022/03/10 To which item it meets paragraph 20
Statement 
1.Type of contract:Engaging others to build on its own
2.Date of occurrence of the event:2022/03/10
3.Counterparty to the contract and relationship with the Company:
PT Roket Jaya Abadi and etc. Non-related party.
4.Major content of the contract (including total contract amount,
anticipated monetary amount of participation in the investment, and start
and end dates of the contract), restrictive covenants, and other important
terms and conditions:Building factory facilities contracts;
Contract amount: USD27,128,424; Date: till 2022/06/31;
other important terms and conditions: 20% up front payment upon signing.
5.Name of the professional appraisal firm or company and its
appraisal opinion:N/A
6.Name of the real property appraiser:N/A
7.Practice certificate number of the real property appraiser:
N/A
8.Concrete purpose of the acquisition:for future business and operation.
9.Any dissenting opinions of directors to the present transaction:
None.
10.Whether the counterparty of the current transaction is a related party:
No.
11.Date of the board of directors resolution:2022/03/10
12.Date of ratification by supervisors or approval by
the audit committee:2022/03/10
13.The appraisal report has a limited price, specific price,
or special price:N/A
14.An appraisal report has not yet been obtained:N/A
15.Reason for an appraisal report not being obtained:N/A
16.Reason for any significant discrepancy with the appraisal reports and
opinion of the CPA:N/A
17.Name of the CPA firm:N/A
18.Name of the CPA:N/A
19.Practice certificate number of the CPA:N/A
20.Any other matters that need to be specified:none.

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Sports Gear Co. Ltd. published this content on 10 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 March 2022 09:22:16 UTC.