TPK : Announcement for disposal of plant and ancillary facilities on behalf of TPK CANDO SOLUTIONS., a subsidiary of TPK

Announcement for disposal of plant and ancillary facilities on behalf of TPK CANDO SOLUTIONS., a subsidiary of TPK

2017-08-28

1.Name and nature of the subject matter (e.g.land located at

Sublot XX, Lot XX, North District, Taichung City):

Plant and ancillary facilities located at No.88-1, Houke S. Rd.,

Houli Dist., Taichung City (building number: No.0039-000, Houli

Subsection, Houli Section, Houli Dist., Taichung City)

2.Date of the occurrence of the event: 2017/08/28

3.Transaction volume (e.g.XX square meters, equivalent to XX p'ing),

unit price, total transaction price:

Transaction volume: A plant of 17,925.47 square meters, equivalent to

5,422.45 p'ing and a patch of ancillary facilities

Total transaction price: NTD 500,000,000

4.Counterparty to the trade and its relationship with the company (if

the trading counterpart is a natural person and is not an actual

related

party of the Company, the name of the trading counterpart is not

required to be disclosed):

Counterparty: Micron Memory Taiwan Co., Ltd.

Relationship: None

5.Where the counterpart to the trade is an actual related party, a

public announcement shall also include 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 the date of

acquisition: N/A

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: N/A

7.Anticipated loss or profit from the disposal (not applicable in cases

of acquisition of assets) (where originally deferred, the status or

recognition shall be stated and explained):

The anticipated loss of disposal based on the book value of the plant

and ancillary facilities is NTD 174,811,000. After taking the loss

attributable to non-controlling interests and the accumulated

impairment loss of these assets recognized by TPK Holding Co., Ltd.

into account, the consolidated net income of TPK Holding Co., Ltd.

would increase NTD 23,716,000.

8.Terms of delivery or payment (including payment period and monetary

amount), restrictive covenants in the contract,

and other important stipulations:

Terms of delivery or payment: Base on contract

restrictive covenants in the contract, and other important

stipulations: None

9.The manner of deciding on this transaction (such as tender invitation

, price comparison, or price negotiation), the reference basis for the

decision on price and the decision-making department:

The price of the transaction is based on professional appraisal

report provided by the professional appraisal institution and the

price negotiation between two transaction parties, and is resolved in

our board of meeting.

10.Name of the professional appraisal institution and its appraisal

amount:

Name of the professional appraisal institution: REPro International

Appraisals

Appraisal amount: NTD 585,000,000

11.Reason for any significant discrepancy with the transaction amount,

and opinion of the certifying CPA: N/A

12.Is the appraisal report price a limited price or specific price?: No

13.Has an appraisal report not yet been obtained?: No

14.Reason for an appraisal report not been obtained: N/A

15.Broker and broker's fee: N/A

16.Concrete purpose or use of the acquisition or disposal:

Raise capital and optimize the utilizaion of assets

17.Do the directors have any objection to the present transaction?: N/A

18.Any other matters that need to be specified: None