De Licacy Industrial : Correction announcement on behalf subsidiary DE LICACY (SAMOA) HOLDINGS CO., LTD investment in China.

 Correction announcement on behalf subsidiary
DE LICACY (SAMOA) HOLDINGS CO., LTD investment in China.

1.Date of occurrence of the event:2022/07/25
2.Method of the current increase (decrease) in investment:
 A.Vantage Gain Holdings Limited (Poly Group Corporation Ltd.) was
   acquired by De Licacy (Samoa) Holdings Co., a 100%-owned
   subsidiary of the company, holding 73.33% of the shares.
 B.Vantage Gain Holdings Limited reinvested in PERFECT STEP INVESTMENTS
   LIMITED, holding 20% of the shares.
 C.PERFECT STEP INVESTMENTS LIMITED indirectly invested in De Licacy
   (Shanghai) Industrial Co., Ltd. through Shinyong International Co.,
   Ltd., NEW HAO ENTERPRISE CO., LTD. and other legal entities,
   holding 100% of the shares.
3.Amount, unit price, and total monetary amount of the transaction:
 Vantage Gain Holdings Limited acquired PERFECT STEP INVESTMENTS LIMITED
 2014/06/20
 Equity transaction:1,650,000 shares.(USD)
 Unit price: USD$1/share
 Total transaction amount: USD 1,650,000(NTD49,597,350)
 2014/09/09
 Equity transaction:1,629,850 shares.(USD)
 Unit price: USD$1/share
 Total transaction amount:USD 1,629,850(NTD48,732,515)
 2014/12/24
 Equity transaction:3,572,400 shares.(USD)
 Unit price: USD$1/share
 Total transaction amount:USD 3,572,400(NTD113,548,734)
 2016/10/20
 Equity transaction:360,000 shares.(USD)
 Unit price: USD$1/share
 Total transaction amount:USD 360,000(NTD11,435,400)
 2017/08/07
 Equity transaction:356,575 shares.(USD)
 Unit price: USD$1/share
 Total transaction amount:USD 356,575(NTD10,777,479)
 2018/09/27
 Equity transaction:350,212 shares.(USD)
 Unit price: USD$1/share
 Total transaction amount:USD 350,212元(NTD10,712,985)
 2019/09/23
 Equity transaction:440,000 shares.(USD)
 Unit price: USD$1/share
 Total transaction amount:USD 440,000(NTD13,649,240)
 2019/12/30
 Equity transaction:285,800 shares.(USD)
 Unit price: USD$1/share
 Total transaction amount:USD 285,800(NTD8,609,725)
 2020/09/09
 Equity transaction:217,200 shares.(USD)
 Unit price: USD$1/share
 Total transaction amount:USD 217,200(NTD6,375,037)
 2021/01/27
 Equity transaction:1,199,600 shares.(USD)
 Unit price: USD$1/share
 Total transaction amount:USD1,199,660(NTD34,082,341)
 2021/09/09
 Equity transaction:547,400 shares.(USD)
 Unit price: USD$1/share
 Total transaction amount:USD547,400(NTD15,204,035)
 2022/06/17
 Equity transaction:296,800 shares.(USD)
 Unit price: USD$1/share
 Total transaction amount:USD296,800(NTD8,843,156)
 2022/07/25
 Equity transaction:2,321,600 shares.(USD)--Correction
 Unit price: USD$1/share
 Total transaction amount:USD2,321,600(NTD69,555,136)--Correction
4.Company name of the mainland Chinese investee:
 De Licacy (Shanghai) Industrial Co., Ltd.
5.Paid-in capital of aforementioned mainland Chinese investee:
 USD55,250,000
6.Amount of capital increase currently planned for the aforementioned
mainland Chinese investee:NA
7.Main businesses of the aforementioned mainland Chinese investee:
 Manufacture and sell P/D & Y/D fabrics.
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:RMB59,874,432.16
10.Amount of profit/loss of the aforementioned mainland Chinese investee in
the latest annual financial statements:RMB0
11.Amount of actual investment in the aforementioned mainland Chinese
investee, up to the present moment:RMB0
12.Trading counterparty and its relationship with the Company:
 Subsidiary of De Licacy industrial Co.,Ltd
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
amount of transfer:NA
14.Where an owner of the underlying assets within the past five years has
been a 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 with 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
amount), restrictive covenants in the contract, and other important terms
and conditions:
USD 1,650,000 (NTD 49,597,350) invested on June 20, 2014
USD 1,629,850 (NTD 48,732,515) invested on September 9, 2014
USD 3,572,400 (NTD 113,548,734) invested on December 24, 2014
USD 360,000 (NTD 11,435,400) invested on October 20, 2016
USD 356,575 (NTD 10,777,479) invested on August 7, 2017
USD 350,212 (NTD 10,712,985) invested on September 27, 2018
USD 440,000 (NTD 13,649,240) on September 23, 2019
USD 285,800 (NTD 8,609,725) invested on December 30, 2019
USD 217,200 (NTD 6,375,037) invested on September 9, 2020
USD 1,199,660 (NTD 34,082,341) invested on January 27, 2021
USD 547,400 (NTD 15,204,035) invested on September 9, 2021
USD 296,800 (NTD 8,843,156) invested on June 17, 2022
USD 2,321,600 (NTD 69,555,136) invested on July 25, 2022--Correction
17.The manner in which the current transaction was decided, the reference
basis for the decision on price, and the decision-making unit:
Approved by the 19th meeting of the 14th session of the Board of Directors
on January 16, 2014, participating in the investment and establishment of
overseas companies and indirect investment in China, the relevant details
of this investment case authorized the chairman to be within the limit of
RMB$220 million to take full responsibility.
18.Broker:NA
19.Concrete purpose of the acquisition or disposal:long-term equity investment
20.Any dissenting opinions of directors to the present transaction:NA
21.Whether the counterparty of the current transaction is a related party:
 No
22.Date of the board of directors resolution:NA
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:
De Licacy industrial Co.,Ltd.--USD196,820,565(NTD5,611,206,654)
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:145.91%
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:39.97%
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 equity attributable to owners of the parent on the latest
financial statements:113.89%
28.Total amount of actual investment in mainland China, up to the present
moment:De Licacy industrial Co.,Ltd.--USD90,803,225(NTD2,701,940,624)
--Correction
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:70.26%--Correction
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:19.25%--Correction
31.Ratio of the total amount of actual investment in mainland China, up to
the present moment, to equity attributable to owners of the parent on the
latest financial statements:54.84%--Correction
32.Amount of recognized profit (loss) on investment in mainland China for
the last three years:
2019:NTD 98,270 thousand dollars
2020:NTD 14,113 thousand dollars
2021:NTD-85,086 thousand dollars
33.Amount of profit remitted back to Taiwan for the last
three years:NA
34.Whether the CPA issued an unreasonable opinion regarding the current
transaction:NA
35.Name of the CPA firm:NA
36.Name of the CPA:NA
37.Practice certificate number of the CPA:NA
38.Any other matters that need to be specified:
(1)PERFECT STEP INVESTMENTS LIMITED not follow-on offering to
   De Licacy(Shanghai) textile Co.,Ltd. Yet.
(2)PERFECT STEP INVESTMENTS LIMITED finished equity transfer
   enrollment in 2014/05/29.
(3)De Licacy(Shanghai) textile Co.,Ltd. Will change of the business
   scope.
(4)Transaction amount USD1 per share is DE LICACY (SAMOA) HOLDINGS
   CO., LTD. Investment amount to acquired PERFECT STEP INVESTMENTS
   LIMITED. Not acquire equity of De Licacy (Shanghai).
(5)DE LICACY (SAMOA) HOLDINGS CO., LTD. owns 73.33% equity of
   Vantage Gain Holdings Limited, and Vantage Gain Holdings Limited
   owns 20% equity of PERFECT STEP INVESTMENTS LIMITED, which means
   De Licacy industrial Co., Ltd owns 14.67% equity of PERFECT STEP
   INVESTMENTS LIMITED and De Licacy (Shanghai) textile Co.,Ltd.
(6)The transaction amount to PERFECT STEP INVESTMENTS LIMITED will
   not calculate into actual investment amount in China due to not
   invest in China yet.
(7)DE LICACY (SAMOA) HOLDINGS CO., LTD invested Vantage Gain Holdings
   Limited by USD263,988 then invested PERFECTSTEP INVESTMENTS LIMITED
   by USD360,000 in 2016/10/20.
(8)DE LICACY (SAMOA) HOLDINGS CO., LTD invested Vantage Gain Holdings
   Limited by USD261,788 then invested PERFECTSTEP INVESTMENTS LIMITED
   by USD356,575 in 2017/08/07.
(9)DE LICACY (SAMOA) HOLDINGS CO., LTD invested Vantage Gain Holdings
   Limited by USD256,812 then invested PERFECTSTEP INVESTMENTS LIMITED
   by USD350,212 in 2018/09/27.
(10)DE LICACY (SAMOA) HOLDINGS CO., LTD invested Vantage Gain Holdings
    Limited by USD322,652 then invested PERFECTSTEP INVESTMENTS LIMITED
    by USD440,000 in 2019/09/23.
(11)DE LICACY (SAMOA) HOLDINGS CO., LTD invested Vantage Gain Holdings
    Limited by USD209,577 then invested PERFECTSTEP INVESTMENTS LIMITED
    by USD285,800 in 2019/12/30.
(12)DE LICACY (SAMOA) HOLDINGS CO., LTD invested Vantage Gain Holdings
    Limited by USD159,273 then invested PERFECTSTEP INVESTMENTS LIMITED
    by USD217,200 in 2020/09/09.
(13)DE LICACY (SAMOA) HOLDINGS CO., LTD invested Vantage Gain Holdings
    Limited by USD879,712 then invested PERFECTSTEP INVESTMENTS LIMITED
    by USD1,199,660 in 2021/01/27.
(14)DE LICACY (SAMOA) HOLDINGS CO., LTD invested Vantage Gain Holdings
    Limited by USD401,408 then invested PERFECTSTEP INVESTMENTS LIMITED
    by USD547,400 in 2021/09/09.
(15)DE LICACY (SAMOA) HOLDINGS CO., LTD invested Vantage Gain Holdings
    Limited by USD217,643 then invested PERFECTSTEP INVESTMENTS LIMITED
    by USD296,800 in 2022/06/17.
(16)DE LICACY (SAMOA) HOLDINGS CO., LTD invested Vantage Gain Holdings
    Limited by USD1,702,429 then invested PERFECTSTEP INVESTMENTS LIMITED
    by USD2,321,600 in 2022/07/25.--Correction
(17)Announcement on behalf subsidiary DE LICACY (SAMOA) HOLDINGS
    CO., LTD. China Investment project in 2014/5/29, 2014/5/30 and
    2014/6/13 was the time to acquire Vantage Gain Holdings Limited.
    But the correct announcement date is the date of Vantage Gain
    Holdings Limited to invest PERFECT STEP INVESTMENTSLIMITED.