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24 May 2016 09:38
Subject: (Supplemental announcement dated March 24, 2016) Public disclose for GWI that its direct wholly-owned subsidiary, ALA, is merged into GWI.
Date of events:2016/05/24
Contents:
1.Type of merger/acquisition (e.g. merger, consolidation, spin-off, acquisition, or receiving assignment of shares): Merger
2.Date of occurrence of the event: 2016/05/24
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):
Public disclose for Gateway, Inc. ("GWI") that its direct wholly-owned subsidiary, Acer Latin America, Inc. ("ALA"), is merged into GWI.
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): GWI and ALA
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:
ALA is a wholly-owned subsidiary of GWI.
6.Purpose/objective of the merger/acquisition:
To enhance operational efficiency and strengthen management over organization
7.Anticipated benefits of the merger/acquisition:
To improve management cost 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: Not applicable
10.Scheduled timetable for consummation: May 24, 2106
11.Matters related to assumption by the existing company or new company of rights and obligations of the extinguished (or spun-off) company:
GWI assumes all the assets, rights, and liabilities of ALA.
12.Basic information of companies participating in the merger:
Main business activities of GWI: investing business
Main business activities of ALA: Brand marketing
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): Not applicable
14.Conditions and restrictions on future transfers of shares resulting from the merger or acquisition: Not applicable
15.Other important stipulations: N/A
16.Do the directors have any objection to the present transaction?:
To supplement the announcement dated March 24, 2016.
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