TPK : Disposal 100% shareholding in Jinshunxin Development (Pingtan) Co., Ltd.

1.Type of merger/acquisition (e.g.merger, consolidation, spin-off,

acquisition, or receiving assignment of shares):

Disposal of shares to a 3rd party

2.Date of occurrence of the event: 2017/01/26

3.Names of companies participating in the merger (e.g.name of the other

company participating in the merger or consolidation, newly established

company in a spin-off, acquired company, or company whose shares are

taken assignment of): Jinshunxin Development (Pingtan) Co., Ltd.

4.Counterparty (e.g.name of the other company participating in the merger or

consolidation, company taking assignment of the spin-off, or counterparty

to the acquisition or assignment of shares):

Rayxin (Pingtan) Investment Co., Ltd.

5.Relationship between the counterparty and the Company (investee company in

which the Company has re-invested and has shareholding of XX%), and

explanation of the reasons for the decision to acquire, or take assignment

of the shares of, an affiliated enterprise or related person, and whether

it will affect shareholders' equity: Non-affiliate

6.Purpose/objective of the merger/acquisition:

Disposal shareholding of non-core business

7.Anticipated benefits of the merger/acquisition:Around NT$541,500,000

8.Effect of the merger or consolidation on net worth per share and earnings

per share: NT$1.57 net worth per share and earnings per share.

9.Share exchange ratio and basis of its calculation:

The disposal price is based on the valuation report issued by an

independent intitution. We also get a price reasonability opinion

issued by an independent CPA.

10.Scheduled timetable for consummation: First step transfer 91%

shareholding in 2017, and then transfer 9% shareholding in 2020.

11.Matters related to assumption by the existing company or new company of

rights and obligations of the extinguished (or spun-off) company: N/A

12.Basic information of companies participating in the merger: N/A

13.Matters related to the spin-off (including estimated value of the business

and assets planned to be assigned to the existing company or new company;

the total number and the types and volumes of the shares to be acquired by

the split company or its shareholders; matters related to the reduction,

if any, in capital of the split company) (note: not applicable other than

where there is announcement of a spin-off): N/A

14.Conditions and restrictions on future transfers of shares resulting from

the merger or acquisition: N/A

15.Other important stipulations: N/A

16.Do the directors have any objection to the present transaction?: No