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10 Jan 2014 10:12
Subject: Announcement on behalf Acer subsidiaries regarding AICQ will be merged into ACCQ
Date of events: 2014/1/10
Contents:
1. Kind of merger/acquisition (e.g. merger, consolidation, spin-off, acquisition, or receiving assignment of shares): Merger
2. Date of occurrence of the event: 2014/1/10
3. Names of companies participating in the merger (e.g.name of the other company participating in the merger or consolidation, newly established company in a spin-off, acquired company, or company whose shares are taken assignment of):
The surviving company- ACCQ
The dissolved company-AICQ
4. Counterparty (e.g.name of the other company participating in the merger or consolidation, company taking assignment of the spin-off, or counterparty to the acquisition or assignment of shares):
The surviving company- ACCQ
The dissolved company-AICQ
5. Relationship between the counterparty and the Company (investee company in which the Company has re-invested and has shareholding of XX%), and explanation of the reasons for the decision to acquire, or take assignment of the shares of, an affiliated enterprise or related person, and whether it will affect shareholders' equity:
1. Both ACCQ and AICQ are indirectly fully-owned by Acer Incorporated
2. To enhance operational efficiency and strengthen management over organization
3. There is no impact on shareholders' equity
6. Purpose/objective of the merger/acquisition:
To enhance operational efficiency and strengthen management over organization
7. Anticipated benefits of the merger/acquisition:
To increase management cost efficiency and enhance operational efficiency
8. Effect of the merger or consolidation on net worth per share and earnings per share: No effect
9. Share exchange ratio and basis of its calculation: N/A
10. Scheduled timetable for consummation: Estimated within two year
11. Matters related to assumption by the existing company or new company of rights and obligations of the extinguished (or spun-off) company:
ACCQ will assure all assets and liabilities of AICQ
12. Basic information of companies participating in the merger:
The surviving company- ACCQ/Sale of brand-name information technology products
The dissolved company-AICQ/Research and design of smart hand held and touchpad products
13. Matters related to the spin-off (including estimated value of the business and assets planned to be assigned to the existing company or new company; the total number and the types and volumes of the shares to be acquired by the split company or its shareholders; matters related to the reduction, if any, in capital of the split company) (note: not applicable other than where there is announcement of a spin-off): N/A
14. Conditions and restrictions on future transfers of shares resulting from the merger or acquisition: N/A
15. Other important stipulations: N/A
16. Do the directors have any objection to the present transaction?: N/A
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