HTC Investors

Printer Friendly Version View printer-friendly version
Board resolved the investment proposal for Kang-Ciao Industrial Park, Nanhui District, Shanghai.
1.Date of occurrence of the event:2007/07/27

2.Method of the present increase (decrease) in investment:
A land purchase is planned in the first phase land area of Kang-Ciao Industrial Park, Nanhui District, Shanghai, to build production plants.

3.Transaction volume, price per unit, and total monetary amount of the transaction:
The total investment shall be USD 15.50 million, excluding the price of the land.

4.Company name of the invested mainland Chinese company:N/A

5.Paid-in capital of said invested mainland Chinese company:N/A

6.Amount of new capital increment currently planned by said invested mainland Chinese company:N/A

7.Main business items of said invested mainland Chinese company:N/A 

8.Type of CPA opinion issued for the financial statement of said invested mainland Chinese company for the most recent fiscal year:N/A

9.Net worth of said invested mainland Chinese company on the financial statement for the most recent fiscal year:N/A

10.Amount of profit/loss of said invested mainland Chinese company on the financial statement for the most recent fiscal year:N/A

11.Amount of actual investment to date in said invested mainland Chinese company:0

12.Counterparty to the transaction and its relationship to the Company:N/A

13.Where the counterparty to the transaction is an actual related party, public announcement shall also be made of the reason for choosing the related party as the counterparty and the identity of the previous owner (including its relationship with the company and the trading counterpart), the date of transfer, and the price:N/A

14.Where a person who owned the subject matter of the transaction within the past five years has been an actual related party of the company, public announcement shall also be made of the dates and
prices of acquisition and disposal by the related party and such party's relationship to the company
at those times:N/A 

15.Gain (or loss) on disposal:N/A 

16.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important stipulations:
The amount of investment for the plant is USD 7.80 million. The investment in equipment shall total USD 7.70 million.

17.The manner of deciding on this transaction, the reference basis for the decision on price and the decision-making department:It is resolved by Board. 

18.Broker:N/A 

19.Concrete purpose of the acquisition or disposal:
Plant construction investment.

20.Do the directors have any objection to the present transaction?:N/A 

21.Total amount of mainland China area investment (including the present investment) approved by the Investment Commission to date:USD32,700,000

22.Ratio of the total amount of investment (including the present investment) in the mainland China area approved by the Investment Commission to date to the paid-in capital on the financial statement for the most recent period:24.83%

23.Ratio of the total amount of investment (including the present investment) in the mainland China area approved by the Investment Commission to date to the total assets on the financial statement for the most recent period:1.42%

24.Ratio of the total amount of investment (including the present investment) in the mainland China area approved by the Investment Commission to date to the shareholders’ equity on the financial statement for the most recent period:2.78%

25.Total amount of actual investment in the mainland China area to date:USD10,400,000

26.Ratio of the total amount of actual investment in the mainland China area to date to the paid-in capital on the financial statement for the most recent period:7.99%

27.Ratio of the total amount of actual investment in the mainland China area to date to the total assets on the financial statement for the most recent period:0.46%

28.Ratio of the total amount of actual investment in the mainland China area to date to the shareholders' equity on the financial statement for the most recent period:0.89%

29.Amount of recognized profits and losses on investment in the mainland China area for the most recent three fiscal years:
To recognize investment losses NTD 7,742 Thousands for 2004.
To recognize investment losses NTD38,593 Thousands for 2005.
To recognize investment losses NTD59,196 Thousands for 2006.

30.Amount of profit remitted back to Taiwan for the most recent three fiscal years:$0 

31.Has the CPA issued an opinion on the unreasonableness of the price