Announcement of the BOD has resolved to increase the capital of its Vietnam subsidiary (ALLTOP TECHNOLOGY (VIETNAM) CO.,
| Subject | Announcement of the BOD has resolved to increase the capital of its Vietnam subsidiary (ALLTOP TECHNOLOGY (VIETNAM) CO., LTD.) | ||
| Date of events | 2026/02/04 | To which item it meets | paragraph 20 |
| Statement |
1.Name and nature of the underlying assets (if preferred shares, the terms and conditions of issuance shall also be indicated, e.g., dividend yield, etc.):ALLTOP TECHNOLOGY (VIETNAM) CO., LTD. increases capital of common stock 2.Date of occurrence of the event:2026/02/04 3.Date of the Board of Directors’ resolution:2026/02/04 4.Other approval date:NA 5.Volume, unit price, and total monetary amount of the transaction: Total monetary amount USD 10,000,000 6.Trading counterparty and its relationship to 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): Trading counterparty: ALLTOP TECHNOLOGY (VIETNAM) CO., LTD. its relationship to the Company:100% owned subsidiary of the Company 7.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:NA 8.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:NA 9.Matters related to the current disposal of creditors’ rights (including types of collaterals of the disposed creditor’s rights; if creditor’s rights over a related party, announcement shall be made of the name of the related party and the book amount of the creditor's rights, currently being disposed of, over such related party:N 10.Profit or loss from the disposal (not applicable in cases of acquisition of securities) (where originally deferred, the status of recognition shall be listed and explained):NA 11.Terms of delivery or payment (including payment period and monetary value), restrictive covenants in the contract, and other important terms and conditions: The investment will be evaluated and adjusted in stages, and the capital increase will be carried out in batches according to the operation of the factory and the capital needs. The total amount of capital increase is expected to be US$10 million. 12.The manner in which the current transaction was decided, the reference basis for the decision on price, and the decision-making unit:The board of directors resolved to increase the value of its wholly-owned subsidiary. 13.Net worth per share of the Company’s underlying securities acquired or disposed of:NA 14.Cumulative no.of shares held (including the current transaction), their monetary value, shareholding percentage, and status of any restriction of rights (e.g., pledges), as of the present moment: Total holdings: US$14,000,000 Shareholding percentage: 100% Restrictions on rights: None 15.Ratio of securities investment (including the current transaction) to the total assets and shareholder’s equity of the parent company on the latest financial statements, and the operating capital on the latest financial statements, as of the present moment:NA 16.Broker and broker’s fee:NA 17.Concrete purpose or use of the acquisition or disposal: In response to the increasing demand from customers for non-China production capacity, and to meet customer needs, the funds will be used to expand production capacity and replenish working capital. 18.Whether the directors expressed any objection to the current transaction: None 19.Whether the counterparty of the current transaction is a related party: Yes 20.Date of ratification by supervisors or approval by the Audit Committee:2026/02/04 21.Whether the CPA issued an opinion on the unreasonableness regarding the current transaction: NA 22.Name of the CPA firm: NA 23.Name of the CPA: NA 24.License no.of the CPA: NA 25.Whether the transaction involved in change of business model: No 26.Details on change of business model: NA 27.Details on transactions with the counterparty for the past year and the expected coming year: NA 28.Source of funds: Self-owned funds 29.Date on which material information regarding the same event has been previously released: NA 30.Any other matters that need to be specified: None | ||