Last checked at 8 Aug 2018 11:41
Subject: On behalf of subsidiary Acer BeingWare Holding Inc. ("ABH") announce the capital increase of Acer ITS Inc. ("Acer ITS") over NTD 300 million within one year
Date of events:2018/08/08
Contents:
1.Name and nature of the subject matter (if preferred shares, the terms and conditions of issuance shall also be indicated, e.g. dividend yield): Common shares of ITS
2.Date of occurrence of the event:2017/8/10~2018/08/08
3.Volume, unit price, and total monetary amount of the transaction:
The common shares of ITS acquired by ABH do not exceed 34,545,454 shares.
ABH injects ITS in the range of not more than NTD 336,604 thousand to increase ABH's capital.
4.Counterpart to the trade and its relationship to the Company (if the trading counterpart is a natural person and furthermore is not an actual related party of the Company, the name of the trading counterpart is not required to be disclosed): ITS is ABH's subsidiary
5.Where the counterpart to the trade is an actual related party, a public announcement shall also be made of the reason for choosing the related party as trading counterpart and the identity of the previous owner (including its relationship with the company and the trading counterpart), price of transfer, and date of acquisition: Not applicable
6.Where a person who owned the property within the past five years has been an actual related person of the company, a public announcement shall also include the dates and prices of acquisition and disposal by the related person and the person's relationship to the company at those times: Not applicable
7.Matters related to the creditor's rights currently being disposed of (including types of collateral of the disposed creditor's rights; if the creditor's rights are creditor's rights toward a related person, the name of the related person and the book amount of the creditor's rights toward such related person currently being disposed of must also be announced): Not applicable
8.Anticipated profit or loss from the disposal (not applicable in cases of acquisition of securities) (where originally deferred, the status or recognition shall be stated and explained): Not applicable
9.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important stipulations:
The record date of capital increase and other relevant dates are based on the board resolution of ITS
10.The manner in which the current transaction was decided, the reference basis for the decision on price, and the decision-making department:
The capital increase of ITS is approved by Acer Inc. and ABH's boards of directors by seeking an independent expert's justification opinion.
11.Current cumulative volume, amount, and shareholding percentage of holdings of the security being traded (including the current trade) and status of any restriction of rights (e.g. pledges): ITS's capital does not exceed NTD 400 million. ABH's shareholding of ITS is approximately 95.73%.
12.Current ratio of long or short term securities investment (including the current trade) to the total assets and shareholder's equity as shown in the most recent financial statement and the operating capital as shown in the most recent financial statement:
Current ratio of long or short term securities investment to the total assets: 1.26%; Current ratio of long or short term securities investment to the shareholder's equity: 2.62%; operating capital: NTD(10,171,521)K
13.Broker and broker's fee:None
14.Concrete purpose or use of the acquisition or disposal: To enrich AIT's working capital.
15.Net worth per share of the underlying securities acquired or disposed of:None
16.Do the directors have any objection to the present transaction?:No
17.Has the CPA issued an opinion on the unreasonableness of the price of the current transaction?:None
18.Any other matters that need to be specified:None