Longwell : Announcement of the Board of Directors resolution for indirect capital increase in Guangxi Pilot Free Trade Zone Longwell Electronics Co., LTD.

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Provided by: LONGWELL COMPANY
SEQ_NO	5	Date of announcement	2022/03/25	Time of announcement	19:29:27
Subject	Announcement of the Board of Directors resolution for indirect capital increase in Guangxi Pilot Free Trade Zone Longwell Electronics Co., LTD.
Date of events	2022/03/25	To which item it meets	paragraph 20
Statement	1.Date of occurrence of the event:2022/03/25 2.Method of the current increase (decrease) in investment: Longwell International (B.V.I.) Ltd with its own capital to incraese investment in Guangxi Pilot Free Trade Zone Longwell Electronics Co., LTD. 3.Unit no., unit price, and monetary value of the transaction: total amount：thousands of RMB 135,000 4.Company name of the mainland Chinese investee: Guangxi Pilot Free Trade Zone Longwell Electronics Co., LTD. 5.Paid-in capital of aforementioned mainland Chinese investee: thousands of RMB 90,200 6.Amount of capital increase currently planned for the aforementioned mainland Chinese investee:thousands of RMB 135,000 7.Main businesses of the aforementioned mainland Chinese investee: Manufacture & Sales of Communication and Information peripheral products 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: thousands of NTD 310,237 10.Amount of profit/loss of the aforementioned mainland Chinese investee in the latest annual financial statements: thousands of NTD -65,206 11.Amount of actual investment in the aforementioned mainland Chinese investee, up to the present moment: thousands of RMB 90,200 12.Trading counterparty and its relationship to the Company:N/A 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 value of transfer:N/A 14.Where an owner of the underlying assets within the past five years has been an 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 to the Company at the time of the transaction:N/A 15.Profit (or loss) upon disposal:N/A 16.Terms of delivery or payment (including payment period and monetary value), restrictive covenants in the contract, and other important terms and conditions:thousands of RMB 135,000 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 board of directors 18.Broker:N/A 19.Concrete purpose of the acquisition or disposal: Invest in production and sales business 20.Whether the directors expressed any objection to the current transaction:NO 21.Whether the counterparty of the current transaction is a related party:N/A 22.Date of the Board of Directors' resolution:2022/03/25 23.Date of ratification by supervisors or approval by the Audit Committee:2022/03/25 24.Total amount of investment in mainland China (including the current investment) approved by the Investment Commission, up to the present moment:USD 87,844 thousand 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:170.11% 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:28.43% 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 the shareholders' equity of the parent company on the latest financial statements:58.27% 28.Total amount of actual investment in mainland China, up to the present moment:USD 66,751 thousand 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:129.26% 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:21.61% 31.Ratio of the total amount of actual investment in mainland China, up to the present moment, to the shareholders' equity of the parent company on the latest financial statements:44.28% 32.Amount of recognized profit (loss) on investment in mainland China for the last three years: year 2019：NT$ 20,021 thousand year 2020：NT$-33,722 thousand year 2021：NT$ 28,503 thousand 33.Amount of profit remitted back to Taiwan for the last three years:0 34.Has the CPA issued an opinion on the unreasonableness of the price of the current transaction?:N/A 35.Name of the CPA firm:N/A 36.Name of the certifying CPA:N/A 37.The practice certificate number of the CPA:N/A 38.Any other matters that need to be specified:NO