Wee Hong Jie, Director made an offer to acquire 41.7% stake in Patec Precision Industry Co., Ltd. (TSEC:2236) from Goh Mui Teck, Chairman; Hiroyuki Hidaka, Director; and others for approximately TWD 370 million March 16, 2021. Wee Hong Jie will pay TWD 19.35 per share under the transaction. Consideration will be paid from a loan extended by Shin Kong Bank. On October 30, 2020, Goh Mui Teck and Hiroyuki Hidaka signed a letter of undertaking wherein they promised the offeror that they will sell 3,866,545 and 2,403,968 shares respectively in response to the public tender offer. Patec Precision will hold a review committee meeting and a meeting of the Board of Directors within 15 days to make a recommendation to the shareholders and asses the fairness of the offer. As of March 30, 2021, Board members of Patec Precision Industry Co., Ltd. considers the tender offer to be fair and reasonable. As of March 31, 2021, Wee Hong Jie has acquired 18,785,285 common shares of Patec Precision by public tender offer and the minimum volume to be acquired, 18,783,833 shares, has been reached, which fulfills all the conditions of the public tender offer. Transaction is expected to be completed within one year. As of March 31, 2021, the offer will remain open till April 13, 2021. Chih-Ping Teng of Yuh Chia & Co. acted as accountant to Patec Precision Industry Co., Ltd. Terry Chin of LI-QUAN CPA Firm acted as accountant and Kate Chen of JAYLAW Law Firm acted as legal advisor to board of directors of Patec Precision Industry Co., Ltd. Wee Hong Jie, Director made an offer to acquire 41.27% stake in Patec Precision Industry Co., Ltd. (TSEC:2236) from Goh Mui Teck, Chairman; Hiroyuki Hidaka, Director; and others for approximately TWD 360 million on April 13, 2021. Consideration will be paid on or before April 22, 2021.