Last checked at 13 May 2019 07:00
Subject:
(Supplemental announcement of 2016.11.10) Directly or indirectly invest IMAX VR Content Fund
Date of events: 2016/11/10
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): IMAX VR Content Fund
2. Date of occurrence of the event: 2016/11/10
3. Volume, unit price, and total monetary amount of the transaction: Current cumulative invested amount is US$1,957,901.
4. Counterparty 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):Not Applicable
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: Not Applicable
10. The manner in which the current transaction was decided, the reference basis for the decision on price, and the decision-making department: Board of Directors of Acer Incorporated
11. Net worth per share of the underlying securities acquired or disposed of: Not Applicable
12. 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):
Current cumulative invested amount is US$1,957,901 which approximately accounts for 20% of the Fund.
13. 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:
Single Financial Statements:
Current ratio of long or short term securities investment to the total assets: 59.64 %;
Current ratio of long or short term securities investment to the total assets and shareholder's equity: 121.36%;
Operating capital: (NTD9,225,271K)
Consolidated Financial Statements:
Current ratio of long or short term securities investment to the total consolidated assets: 4.97 %;
Current ratio of long or short term securities investment to the total assets and shareholder's equity: 12.75%;
Operating capital: NTD36,236,663K
14. Broker and broker's fee: Not Applicable
15. Concrete purpose or use of the acquisition or disposal: strategic investment for strengthening the Company's long-term development.
16. Do the directors have any objection to the present transaction?: None
17. Is it a related party transaction?: Yes
18. Date of the board of directors'resolution:2016/11/10
19. Date of the recognition of the supervisors or the board of independent directors' resolution: 2016/11/09
20. Has the CPA issued an opinion on the unreasonableness of the price of the current transaction?: Not Applicable
21. Name of the CPA firm: Not Applicable
22. Name of the certifying CPA: Not Applicable
23. The practice certificate number of the CPA: Not Applicable
24. Any other matters that need to be specified:
The Company received the Fund Manager's notice on May 11, 2019 to confirm majority investors have consent to dissolve and close this Fund. Due to the value of this Fund has been evaluated and booked on a quarterly basis from the beginning of the Company's investment in this Fund, the dissolution of this Fund will not materially affect the Company's finance and business.