| Statement |
1.Name and nature of the subject matter (e.g.land located at Sublot XX, Lot XX, North District, Taichung City):
Real property, plant, equipment and other related assets in the states of Ohio and West Virginia, USA
2.Date of the occurrence of the event:2018/01/31
3.Transaction volume (e.g.XX square meters, equivalent to XX p'ing), unit price, total transaction price:
Transaction volume: a batch
Total purchase price: US$ 33,500,000
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):
Trading counterpart : M & G Polymers USA, LLC and M & G USA Corporation
Relationship with the company : NIL
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):N/A
8.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important stipulations:
The Closing shall be consummated prior to or on March 01, 2018 unless both parties agreed to extend.
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:
Bid under the sale and bidding procedure approved by the bankruptcy court pursuant to sections 105(a), 363 and 365 of title 11 of the U.S. Code.
10.Name of the professional appraisal institution and its appraisal amount:N/A
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?:N/A
13.Has an appraisal report not yet been obtained?:N/A
14.Reason for an appraisal report not been obtained:
To provide the court approval instead of an appraisal report
15.Broker and broker's fee:NIL
16.Concrete purpose or use of the acquisition or disposal:
For operational needs to increase overseas investment
17.Do the directors have any objection to the present transaction?:NIL
18.Any other matters that need to be specified:
A court hearing will be held to approve the auction result
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