WPG board meeting approved a tender offer for the shares of  Fortune Information Systems Corp.

2025/02/28

WPG HOLDINGS LIMITED (hereinafter referred to as WPG, stock code 3702) held a board meeting today (February 28, 2025) and approved a tender offer for 51% of the shares of  Fortune Information Systems Corp. (hereinafter referred to as FIS, stock code 2468) at the price of NTD 25 per share in cash.

This tender offer will be submitted to the Financial Supervisory Commission for filing and disclosure, with the filing date expected no later than March 10, 2025, and the tender offer expected to commence no later than March 11, 2025. The maximum number of shares to be acquired is 35,681,000 shares (approximately 51% of FIS's total issued and outstanding common shares), and the minimum number of shares to be acquired is 33,340,281 shares (approximately 47.66% of FIS's total issued and outstanding common shares). The tender offer period is set at 50 days, but WPG may extend the tender offer period as necessary in accordance with the law. If the number of common shares tendered reaches the minimum acquisition shares and a decision of “merger filing clearance” is obtained from the Fair Trade Commission, the conditions for this tender offer will be fulfilled.

For this tender offer, WPG has obtained tender agreements from FIS's major shareholders, STANDARD PLASTICS LTD. and CECGP Electronics Corporation, committing to tender all their shares in FIS, totaling 33,340,281 shares (approximately 47.66% of FIS's total issued and outstanding common shares).

FIS is a leading provider of comprehensive information integration services. Its main business services include the construction and planning of public cloud and private cloud infrastructure and cloud platform solutions, network information security planning, backup and disaster recovery solutions, monitoring management, software development, project development, document digitization, logistics and warehouse management systems, information integration services for financial institutions, information system consulting for the insurance industry, and manpower dispatch services, committed to meeting the diverse needs of customers across various industries. WPG has been deeply involved in the semiconductor industry chain for a long time, committed to providing customers with the highest quality supply chain management services. This acquisition mainly aims to increase strategic alliance partners to extend the scope of services in the information and communication supply chain, hoping to create synergy and bring positive benefits to the financial, business, and shareholder interests of both companies.

Upon successful completion of the tender offer, FIS will maintain its listed status and continue to operate with the existing team. WPG is committed to supporting FIS’s growth by enhancing and expanding its core product lines, developing strategic business initiatives, and pursuing large-scale projects while expanding external strategic alliances to drive continuous growth. In addition, it plans to strengthen corporate governance and talent development strategies, and consider introducing employee incentive mechanisms to enhance employee participation and corporate cohesion, aiming to retain and develop talent, creating a win-win development model for employees and shareholders, and realizing the long-term enhancement of corporate value.

IR contacts：Cliff Yuan/ Zoe Peng

Tel：886-2-2191-0068 ext.85268/ext.85262

Email address:  ir@WPGholdings.com

Corporate website:  www.WPGholdings.com