Today's Information

Provided by: GIANT MANUFACTURING CO., LTD.
SEQ_NO 2 Date of announcement 2022/06/20 Time of announcement 15:08:03
Subject 
 The BoD resolution of Company on two additional Un
-dertaking in relation to the application by Giant's subs
-idiary, D.MAG for listing on the stock exchange in China
Date of events 2022/06/20 To which item it meets paragraph 50
Statement 
1.Date of the board of directors:2022/06/20
2.Name of subsidiary listed and traded in an overseas securities market:
D. MAG (Kunshan) New Material Technology Co., Ltd.
3.Relationship to the applicant and shareholding (or capital contribution)
percentage thereof:
Company holds 60.39% of Subsidiary via Darzins Holdings Ltd, a BVI
company, wholly owned by Company.
4.Commitments with material impact on the finance, business, and
shareholders' equity of the Company or subsidiary, and contents of such
impact:
The two additional letters of undertaking have no potential material
effects on the finances, business or shareholders' equity of Company
and Subsidiary.
5.All of the commitments undertaken by the Company and subsidiary due to
listing of the subsidiary:
The two additional letters of undertaking are summarized as below and the
other undertakings were made public on August 6, 2021.
I.Letter of undertaking made by Subsidiary specifically on the disclosure
of shareholder information
i.The shareholders of Subsidiary are all qualified to hold the
Subsidiary's shares, and no law prohibits them from holding such shares;
ii.The ownership of the shares in Subsidiary held by the shareholders are
clear, and there is no nominee shareholder, equity related or potential
dispute;
iii.In the past, the shareholders acquired the shares in Subsidiary at fair
prices and, there is no incidence of obviously abnormal share price based
on the sound reasons and objective evidence;
iv.The intermediary institutions of this IPO or their responsible persons,
senior management personnel and personnel involved do not hold the shares of
Subsidiary directly or indirectly;
v.No tunneling behaviors between Subsidiary and its shareholders abusing the
shareholders' rights;
vi.Subsidiary and its shareholders have provided true, accurate and complete
information to the intermediary institutions for this IPO in a timely
manner,and fulfilled their disclosure obligation.
II. Subsidiary's Letter undertaking not to affect and interfere with
Issuance Appraisal Committee's ("IAC") determination in the IPO
i.Subsidiary undertakes that it will not directly or indirectly provide
funds,goods and other gifts, shares to be approved for issuance in this IPO
and other benefits to the IAC members, and undertakes that it will not
affect the decision of the IAC members on the issuer by improper means;
ii.Subsidiary undertakes that it will not interfere with the review work by
IAC in any manner;
iii.Subsidiary undertakes that the statement is true, objective, accurate
and concise, and contains no description irrelevant to the review of the IPO;
iv.Subsidiary undertakes to bear all legal liabilities in case of any breach
of the above undertakings.
6.Date of the special committee (or Audit Committee) meeting:2022/06/20
7.Any other matters that need to be specified:None

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Giant Manufacturing Co. Ltd. published this content on 20 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 June 2022 07:23:01 UTC.