Compal Electronics: Board of Directors decided to incorporate and invest in Kinpo & Compal Group Assets Development Corporation

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Provided by: Compal Electronics, Inc.

SEQ_NO

4

Announcement date

2021/11/19

Announcement time

17:15:57

Topic

 The Board of Directors resolved to incorporate
and invest in Kinpo&Compal Group Assets Development
Corporation

Date of events

2021/11/19

What element he responds to

paragraph 20

Declaration

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.):The common shares of Kinpo&Compal Group Assets Development Corporation
2.Date of occurrence of the event:2021/11/19
3.Amount, unit price, and total monetary amount of the transaction:
Unit: 52,500 thousand shares
Unit price: NT$10 dollars
Total amount: NT$ 525,000 thousands
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: Kinpo&Compal Group Assets Development Corporation
Relationship with the Company: a 70%-owned subsidiary incorporated &
invested by the Company
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:NA
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:To pay by remittance
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:
The decision-making unit: Approved by the board of directors
11.Net worth per share of the Company's underlying securities acquired or
disposed of:NT$ 10 per share
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:
Cumulative no. of shares held: 52,500 thousand shares
Total amount: NT$525,000 thousands
Shareholding percentage: 70%
Status of any restriction of rights: None
13.Current ratio of securities investment (including the current trade, as
listed in article 3 of Regulations Governing the Acquisition and Disposal of
Assets by Public Companies) to the total assets and equity attributable to
owners of the parent as shown in the most recent financial statement and
working capital as shown in the most recent financial statement as of the
present:
To the total assets:23.11%
To the equity attributable to owners of the parent:83.23%
The working capital: NT$ 27,917,021 thousands
14.Broker and broker's fee: NA
15.Concrete purpose or use of the acquisition or disposal:
To acquire the superficial rights of land located at No.91,
Ruanqiao Section, Beitou Dist., Taipei City
16.Any dissenting opinions of directors to the present transaction:NONE
17.Whether the counterparty of the current transaction is
a related party:NONE
18.Date of the board of directors resolution:2021/11/11
19.Date of ratification by supervisors or approval by
the Audit Committee:2021/11/11
20.Whether the CPA issued an unreasonable opinion regarding the current
transaction:NA
21.Name of the CPA firm:NA
22.Name of the CPA:NA
23.Practice certificate number of the CPA:NA
24.Whether the transaction involved in change of business model:NO
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:Self-owned funds
28.Any other matters that need to be specified:
The Company participates in the open tender by means of organizing a
cooperative alliance with AcBel Polytech Inc. to bid the superficial rights.
  After the cooperative alliance wins the bidding, the Company and
AcBel Polytech Inc. will jointly incorporate and invest in a new company
to be the main party to execute the agreement
with Taipei City Government afterwards.

Disclaimer

Compal Electronics Inc. published this content on November 19, 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on November 19, 2021 09:22:04 AM UTC.

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43,327 million
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Net income 2021 12,287 million
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Net debt 2021 41 651 million
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Free float 93.6%

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Spread / Average target -8.95%


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