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Last checked at 
30 Mar 2020 12:56
Subject:Overseas Investing Structure Modification for Mainland investment
Date of events:2020/03/30
Contents:
1.Date of occurrence of the event:2020/03/30
2.Method of the present increase (decrease) in investment:
Foxteq Holding Inc. plans to sell 3,600,000 issued shares,representing 45% of the outstanding shares of 101 Education Co. Ltd.(Cayman Islands), to Best Assistant Education Online Limited (Cayman Islands), in exchange of 10,810,741 ordinary shares of Best Assistant Education Online Limited,representing approximately 0.5% of the issued shared capital of Best Assistant Education Online Limited.
3.Company name of the invested mainland Chinese company:
FUJIAN CHUANGSI EDUCATIONAL TECHNOLOGY CO., LTD.
4.Paid-in capital of said invested mainland Chinese company:USD 8,000,000
5.Main business items of said invested mainland Chinese company:
online education and related application
6.Amount of actual investment to date in said invested mainland Chinese company:USD 3,600,000
7.The manner of deciding on this transaction, the reference basis for the decision on price and the decision-making department:Board of Directors
8.Concrete purpose of the acquisition or disposal:
To adjust the investment structure
9.Total amount of mainland China area investment (including the present investment) approved by the Investment Commission to date:USD 11,660,949,426.62
10.Ratio of the total amount of investment (including the present investment) in the mainland China area approved by the Investment Commission to date to the paid-in capital on the financial statement for the most recent period:260%
11.Ratio of the total amount of investment (including the present investment) in the mainland China area approved by the Investment Commission to date to the total assets on the financial statement for the most recent period:11.90%
12.Ratio of the total amount of investment (including the present investment) in the mainland China area approved by the Investment Commission to date to the shareholders'equity on the financial statement for the most recent period:29.07%
13.Total amount of actual investment in the mainland China area to date:USD 10,606,656,342.67
14.Ratio of the total amount of actual investment in the mainland China area to date to the paid-in capital on the financial statement for the most recent period:236.49%
15.Ratio of the total amount of actual investment in the mainland China area to date to the total assets on the financial statement for the most recent period:10.82%
16.Ratio of the total amount of actual investment in the mainland China area to date to the shareholders' equity on the financial statement for the most recent period:26.44%
17.Amount of recognized profits and losses on investment in the mainland China area for the most recent three fiscal years:
2017: NT$ 63,448,344,000;
2018: NT$ 114,769,307,000;
2019: NT$ 105,832,857,000
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