Taiwan Secom : Announcement of Taiwan Secom CO., LTD.'s purchase of fixed assets from related party, TITAN STAR INTERNATIONAL CO., LTD.

 Announcement of Taiwan Secom CO., LTD.'s purchase
of fixed assets from related party, TITAN STAR
INTERNATIONAL CO., LTD.

1.Name and nature of the underlying asset (e.g., land located at Sublot XX,
Lot XX, North District, Taichung City):
Intelligent security equipment for operating use.
2.Date of occurrence of the event:2021/10/30~2022/05/31
3.Transaction unit amount (e.g.XX square meters, equivalent to XX ping),
unit price, and total transaction price:
Transaction unit amount: One batch;
Total transaction amount:NT$317,653,494.
4.Trading counterparty and its relationship with the Company (if the trading
counterparty is a natural person and furthermore is not a related party of
the Company, the name of the trading counterparty is not required to be
disclosed):
TITAN STAR INTERNATIONAL CO., LTD., sub-subsidiary of Taiwan Secom
CO., LTD.
5.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:
To prevent risk of material shortage, strengthen overall quality
control, and ensure stable and long term supply quality, Taiwan Secom Co.,
LTD. purchased intelligent security equipment from the related party.
6.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:NONE
7.Projected gain (or loss) through disposal (not applicable for
acquisition of assets; those with deferral should provide a table
explaining recognition):NONE
8.Terms of delivery or payment (including payment period and
monetary amount), restrictive covenants in the contract,
and other important terms and conditions:
The payment terms are the same as the general vendors, payment will
be paid after 60 days from the end of the month.
9.The manner of deciding on this transaction (such as invitation to tender,
price comparison, or price negotiation), the reference basis for the
decision on price, and the decision-making unit:
Determined by the Company's internal procedures.
10.Name of the professional appraisal firm or company and
its appraisal price:NONE
11.Name of the professional appraiser:NONE
12.Practice certificate number of the professional appraiser:NONE
13.The appraisal report has a limited price, specific price,
or special price:
NO or NONE
14.An appraisal report has not yet been obtained:YES
15.Reason for an appraisal report not being obtained:
It's not necessary to get appraisal report for intelligent security
equipment for operating use.
16.Reason for any significant discrepancy with the appraisal reports
and opinion of the CPA:NONE
17.Name of the CPA firm:NONE
18.Name of the CPA:NONE
19.Practice certificate number of the CPA:NONE
20.Broker and broker's fee:NONE
21.Concrete purpose or use of the acquisition or disposal:
For operating use.
22.Any dissenting opinions of directors to the present transaction:NONE
23.Whether the counterparty of the current transaction is a
related party:YES
24.Date of the board of directors resolution:In accordance with the Article
15 of the Regulations Governing the Acquisition and Disposal of Assets
by Public Companies, the date will be decided later and be subsequently
submitted as well as ratified by the next board of directors' meeting.
25.Date of ratification by supervisors or approval by
the audit committee:NA
26.The transaction is to acquire a real property or right-of-use
asset from a related party:NONE
27.The price assessed in accordance with the Article 16 of the
Regulations Governing the Acquisition and Disposal of Assets
by Public Companies:NONE
28.Where the above assessed price is lower than the transaction price,
the price assessed in accordance with the Article 17 of the same
regulations:NONE
29.Any other matters that need to be specified:NONE