Profit ratio

Fulltech Fiber Glass: the board of directors approved the capital injection of its subsidiary BVI into the Chinese subsidiary

Statement

1.Date of occurrence of the event:2022/07/06
2.Method of the current increase (decrease) in investment:Increase
Fulltech (Dong Guan) Fiber Glass Co., Ltd.'s working capital via
the reinvestment of a subsidairy in a third area by Fulltech's BVI
Subsidiary
3.Unit no., unit price, and monetary value of the transaction:@USD 8,000,000
4.Company name of the mainland Chinese investee:
Fulltech(Dong Guan) Fiber Glass Co., Ltd.
5.Paid-in capital of aforementioned mainland Chinese investee:
USD 65,500,000
6.Amount of capital increase currently planned for the
 aforementioned mainland Chinese investee:USD 8,000,000
7.Main businesses of the aforementioned mainland Chinese
investee:Fiberglass fabric production and sales business
8.Type of CPA opinion in the latest annual financial statements
of the aforementioned mainland Chinese investee:Unqualified Opinion
9.Total equity of the aforementioned mainland Chinese investee
 in the latest annual financial statements:NTD 1,832,074,000
10.Amount of profit/loss of the aforementioned mainland
 Chinese investee in the latest annual financial statements:
NTD381,070,000
11.Amount of actual investment in the aforementioned
 mainland Chinese investee, up to the present moment:USD 65,500,000
12.Trading counterparty and its relationship to the Company:
100% holding subsidiary of Fulltech and Fulltech (BVI)
13.Where the trading counterparty is a related party,
announcement shall also be made of the reason for choosing
 the related party as trading counterparty and the
identity of the previous owner, its relationship with
the Company and the trading counterparty, and the previous
date and monetary value of transfer:NA
14.Where an owner of the underlying assets within the past
five years has been an related party of the Company, the
announcement shall also include the date and price of
acquisition and disposal by the related party, and its
relationship to the Company at the time of the transaction:NA
15.Profit (or loss) upon disposal:NA
16.Terms of delivery or payment (including payment period
and monetary value), restrictive covenants in the contract,
 and other important terms and conditions:NA
17.The manner in which the current transaction was decided,
the reference basis for the decision on price, and the
decision-making unit:Board of Directors
18.Broker:NA
19.Concrete purpose of the acquisition or disposal:Long-term investment
20.Whether the directors expressed any objection to the
current transaction:No
21.Whether the counterparty of the current transaction is a
 related party:Yes
22.Date of the Board of Directors' resolution:2022/07/06
23.Date of ratification by supervisors or approval
 by the Audit Committee:NA
24.Total amount of investment in mainland China
(including the current investment) approved by the
 Investment Commission, up to the present moment:USD 75,000,000
25.Ratio of the total amount of investment in mainland China
(including the current investment) approved by the Investment
Commission, up to the present moment, to the paid-in capital
on the latest financial statements:53.50%
26.Ratio of the total amount of investment in mainland
China (including the current investment) approved by
the Investment Commission, up to the present moment,
to the total assets on the latest financial statements:16.84%
27.Ratio of the total amount of investment in mainland
China (including the current investment) approved by the
 Investment Commission, up to the present moment, to the
shareholders' equity of the parent company on the latest
 financial statements:30.32%
28.Total amount of actual investment in mainland China,
 up to the present moment:NTD 2,055,276,000
29.Ratio of the total amount of actual investment
in mainland China, up to the present moment, to the
 paid-in capital on the latest financial statements:47.97%
30.Ratio of the total amount of actual investment in
mainland China, up to the present moment, to the total
 assets on the latest financial statements:15.10%
31.Ratio of the total amount of actual investment in
 mainland China, up to the present moment, to the
shareholders' equity of the parent company on the
 latest financial statements:27.18%
32.Amount of recognized profit (loss) on investment
in mainland China for the last three years:
  2019:NTD -242,382,000
  2020:NTD   -9,566,000
  2021:NTD  381,537,000
33.Amount of profit remitted back to Taiwan for the
 last three years:NA
34.Has the CPA issued an opinion on the unreasonableness of
the price of the current transaction?:NA
35.Name of the CPA firm:NA
36.Name of the certifying CPA:NA
37.The practice certificate number of the CPA:NA
38.Any other matters that need to be specified:None