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Announcement of the BOD approved to invest in Mainland China

Source: Submit Time:2014-12-17 Click Throughs: 12587 Times
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1.Date of occurrence of the event: 2014/12/17
2.Method of the present increase (decrease) in investment:
Airtac increase new capital of the subsidiary in Mainland China through the third region investment company
3.Transaction volume, price per unit, and total monetary amount of the transaction:US$10,000,000
4.Company name of the invested mainland Chinese company: Ningbo Airtac Automatic Industrial Co., Ltd.
5.Paid-in capital of said invested mainland Chinese company:US$37,000,000
6.Amount of new capital increment currently planned by said invested mainland Chinese company:US$10,000,000
7.Main business items of said invested mainland Chinese company: Production of pneumatic control components and accessories
8.Type of CPA opinion issued for the financial statement of said invested mainland Chinese company for the most recent fiscal year: Unqualified opinion
9.Net worth of said invested mainland Chinese company on the financial statement for the most recent fiscal year:NT$5,101,138,000
10.Amount of profit/loss of said invested mainland Chinese company on the financial statement for the most recent fiscal year:NT$807,051,000
11.Amount of actual investment to date in said invested mainland Chinese company:US$37,000,000
12.Counterparty to the transaction and its relationship to the Company: Not applicable
13.Where the counterparty to the transaction is an actual related party, public announcement shall also be made of the reason for choosing the related party as the counterparty and the identity of the previous owner (including its relationship with the company and the trading counterpart), the date of transfer, and the price: Not applicable
14.Where a person who owned the subject matter of the transaction within the past five years has been an actual related party of the company, public announcement shall also be made of the dates and prices of acquisition and disposal by the related party and such party's relationship to the company at those times: Not applicable
15.Gain (or loss) on disposal: Not applicable
16.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important stipulations: Not applicable
17.The manner of deciding on this transaction, the reference basis for the decision on price and the decision-making department: Approved by the Board of Directors
18.Broker: Not applicable
19.Concrete purpose of the acquisition or disposal: Long term investment
20.Do the directors have any objection to the present transaction?:No
21.Total amount of mainland China area investment (including the present investment) approved by the Investment Commission to date: Not applicable
22.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: Not applicable
23.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: Not applicable
24.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: Not applicable
25.Total amount of actual investment in the mainland China area to date:US$68,000,000 and RMB126,000,000(Total amount is equal to NT$2,764,360,000)
26.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:162%
27.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:15%
28.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:30%
29.Amount of recognized profits and losses on investment in the mainland China area for the most recent three fiscal years:NT$1,967,412 in 2013, NT$1,307,554 in 2012, NT$1,507,230 in 2011
30.Amount of profit remitted back to Taiwan for the most recent three fiscal years: Not applicable
31.Has the CPA issued an opinion on the unreasonableness of the price of the current transaction?: Not applicable
32.Any other matters that need to be specified:
Note 1: Net worth and the amount of profit/loss of said invested mainland Chinese company for the most recent fiscal year was calculated based on financial statements not be reviewed by CPA. Note 2: Above amounts of New Taiwan Dollars provided in this form at average exchange rates reference to one day before holding the board of directors on December 16th, but amounts of recognized profits and losses on investment in the mainland China area for the most recent three fiscal years were calculated at exchange rates at the end of the year.

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