Tainan Spinning: Announcement on behalf of subsidiary Nan Fan Housing Development Co., Ltd. of the acquisition of TGVest Asia Partners II (Taiwan), LP

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Provided by: TAINAN SPINNING CO. , LTD.

SEQ_NO

1

Announcement date

2021/12/29

Announcement time

14:48:30

Topic

 Announcement on behalf of subsidiary
Nan Fan Housing Development Co.,Ltd.,the buying of
TGVest Asia Partners II(Taiwan), L.P.

Date of events

2021/12/29

What element he answers

paragraph 24

Declaration

1.Name and nature of the underlying security (if preferred shares, the terms
and conditions of issuance shall also be indicated, e.g., dividend yield):
TGVest Asia Partners II(Taiwan), L.P.
2.Date of occurrence of the event:2021/12/29
3.No., unit price, and monetary amount of the transaction:
Trading volume:N/A
Unit price:N/A
Total monetary amount:Investment no more than 100,000,000 TWD
4.Counterparty to the trade and its relationship to the company (if the
trading counterparty is a natural person and not a related party of the
company, its name is not required to be disclosed):
Counterparty to the trade:TGVest Capital II, Ltd.
Relationship to the company:not a related party
5.Where the counterparty to the trade is a related party, an announcement
shall also be made of the reason for choosing the related party as trading
counterparty and the identity of the previous owner, including its
relationship with the company and the trading counterparty, the price of the
ownership transfer, and date of transfer:N/A
6.Where the owner of the underlying securities within the past five years
has been a related party of the company, an announcement shall also include
the dates and prices of acquisition and disposal by the related party and
its relationship with the company at the time:N/A
7.Matters related to the creditor��s rights currently being disposed of
(including type of collateral of the disposed creditor��s rights; if the
creditor��s rights are creditor��s rights over a related party, the name of
the related party and the book amount of such creditor��s rights currently
being disposed of must also be announced):N/A
8.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):N/A
9.Terms of delivery or payment (including payment period and monetary
amount), restrictive covenants in the contract, and other important
stipulations:
Terms of payment:According to Limited Partnership Agreement
Capital contributions by capital call notices
Restrictive covenants:None
Other important stipulations:None
10.The manner in which the current transaction was decided, the reference
basis for the decision on price, and the decision-making unit:
Participate in private equity investment.
The decision-making followed the authorization procedure of the company.
11.Net worth per share of company of the underlying securities acquired or
disposed of:N/A
12.The discrepancy between the reference price of private placement company
and the transaction amount per share is 20 percent or more:N/A
13.Current cumulative no., amount, and shareholding ratio of the securities
being traded (including the current transaction) as of the date of
occurrence and status of any restriction of rights (e.g.,pledges):
Current cumulative volume:N/A
Current cumulative amount:NTD 100,000,000
Shareholding ratio:N/A
Status of any restriction of rights:None.
14.Privately placed securities (including the current transaction) as a
percentage of total assets of the company and shareholder��s equity of the
parent company on the latest financial statements, and the operating capital
on the latest financial statements as of the date of occurrence:
Ratio of investment to the total assets:0.2377%
Ratio of investment to shareholder's equity:0.3664%
Operational capital:NTD(3,397,396)thousands
15.Broker and broker's fee:N/A
16.Concrete purpose or use of the acquisition or disposition:
Increase investment gain.
17.Whether the directors expressed any objection to the present transaction:
N/A
18.Whether the trading counterparty is a related party:No.
19.Date of approval by board of directors:N/A
20.Recognition date by supervisors or approval date by audit committee:N/A
21.Whether the CPA issued an opinion on the unreasonableness of the current
transaction:N/A
22.Name of the CPA firm:N/A
23.Name of the CPA:N/A
24.License no.of the CPA:N/A
25.Any other matters that need to be specified:None.

Warning

Tainan Spinning Co. Ltd. published this content on December 29, 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on December 29, 2021 07:36:01 AM UTC.

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Sales 2021 20,510 million
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Net income 2021 2,669 million
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Net debt 2021

PER 2021 ratio 15.8x
Yield 2021
Capitalization 42 166 million
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VE / Sales 2022
Number of employees
Free float 65.6%

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