1.Date of occurrence of the event:2017/02/21
2.Company name:World Peace Industrial Co., Ltd. and Yosun Industrial Corp.
3.Relationship to the Company (please enter ”head office” or
”subsidiaries”):subsidiaries
4.Reciprocal shareholding ratios:N/A
5.Cause of occurrence:Press conference of the spin-off transaction between
WPG 100% owned subsidiaries
6.Countermeasures:N/A
7.Any other matters that need to be specified:Press released:
WPG announced Its 100% owned subsidiaries World Peace Industrial Co., Ltd.
(“WPI”) and Yosun Industrial Corp.(“Yosun”) Board of Directors approved
the spin-off transaction on Febuary 21th, 2017. Yosun will transfer Texas
Instruments product line to WPI by spin-off, all operations, assets and
liabilities will be generally assumed by WPI shall issue new shares as the
consideration for acquiring Texas Instruments product line.
The estimated business value is NT$2,429,908 thousands, based on the book
value on Yosun's unaudited financial statements as of December 31, 2016.
WPI shall issue 116,152 thousand common shares to the Compan. The record
date of the spin-off is scheduled on April 1st, 2017.
The purpose of the spin-off transaction is subject to vendor's distribution
channel strategic and via business adjustment to strengthen the overall
competitiveness and performance. The transaction is intra-group adjustment,
therefore the net worth per share and earnings per share of WPG would not
be affected.