Phihong Technology : Announcement on behalf of subsidiary Zerova Technologies SG Pte. Ltd. to invest in Zerova Technologies (Dongguan) Co., Ltd.

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Provided by: PHIHONG TECHNOLOGY CO., LTD.
SEQ_NO	4	Date of announcement	2022/08/04	Time of announcement	17:14:12
Subject	Announcement on behalf of subsidiary Zerova Technologies SG Pte. Ltd. to invest in Zerova Technologies (Dongguan) Co., Ltd.
Date of events	2022/08/04	To which item it meets	paragraph 20
Statement	1.Date of occurrence of the event:2022/08/04 2.Method of the current increase (decrease) in investment: Reinvest in mainland companies through investment and establishment of companies in the third region 3.Amount, unit price, and total monetary amount of the transaction: US$20,000,000(approximately NT$598,600,000) 4.Company name of the mainland Chinese investee: Zerova Technologies (Dongguan) Co., Ltd. 5.Paid-in capital of aforementioned mainland Chinese investee:N/A 6.Amount of capital increase currently planned for the aforementioned mainland Chinese investee:US$20,000,000(approximately NT$598,600,000) 7.Main businesses of the aforementioned mainland Chinese investee:N/A 8.Type of CPA opinion in the latest annual financial statements of the aforementioned mainland Chinese investee:N/A 9.Total equity of the aforementioned mainland Chinese investee in the latest annual financial statements:N/A 10.Amount of profit/loss of the aforementioned mainland Chinese investee in the latest annual financial statements:N/A 11.Amount of actual investment in the aforementioned mainland Chinese investee, up to the present moment:NT$0 12.Trading counterparty and its relationship with the Company: Trading counterparty：Zerova Technologies (Dongguan) Co., Ltd. The relationship with the compan：Subsidiaries directly and indirectly holding 100% of the voting rights 13.Where the trading counterparty is a related party, announcement shall also be made of the reason for choosing the related party as trading counterparty and the identity of the previous owner, its relationship with the Company and the trading counterparty, and the previous date and monetary amount of transfer:N/A 14.Where an owner of the underlying assets within the past five years has been a related party of the Company, the announcement shall also include the date and price of acquisition and disposal by the related party, and its relationship with the Company at the time of the transaction:N/A 15.Profit (or loss) upon disposal:N/A 16.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important terms and conditions:Invest in batches as needed. 17.The manner in which the current transaction was decided, the reference basis for the decision on price, and the decision-making unit: According to the approval authority and the board of directors 18.Broker:None 19.Concrete purpose of the acquisition or disposal: To meet the needs of future business development 20.Any dissenting opinions of directors to the present transaction:None 21.Whether the counterparty of the current transaction is a related party:None 22.Date of the board of directors resolution:2022/08/04 23.Date of ratification by supervisors or approval by the Audit Committee:2022/08/03 24.Total amount of investment in mainland China (including the current investment) approved by the Investment Commission, up to the present moment: NT$5,169,473,000 25.Ratio of the total amount of investment in mainland China (including the current investment) approved by the Investment Commission, up to the present moment, to the paid-in capital on the latest financial statements:137.78% 26.Ratio of the total amount of investment in mainland China (including the current investment) approved by the Investment Commission, up to the present moment, to the total assets on the latest financial statements:44.61% 27.Ratio of the total amount of investment in mainland China (including the current investment) approved by the Investment Commission, up to the present moment, to equity attributable to owners of the parent on the latest financial statements:85.71% 28.Total amount of actual investment in mainland China, up to the present moment:NT$4,205,743,000 29.Ratio of the total amount of actual investment in mainland China, up to the present moment, to the paid-in capital on the latest financial statements:112.09% 30.Ratio of the total amount of actual investment in mainland China, up to the present moment, to the total assets on the latest financial statements:36.3% 31.Ratio of the total amount of actual investment in mainland China, up to the present moment, to equity attributable to owners of the parent on the latest financial statements:69.73% 32.Amount of recognized profit (loss) on investment in mainland China for the last three years:NT$-486,355,000 33.Amount of profit remitted back to Taiwan for the last three years:NT$0 34.Whether the CPA issued an unreasonable opinion regarding the current transaction:N/A 35.Name of the CPA firm:N/A 36.Name of the CPA:N/A 37.Practice certificate number of the CPA:N/A 38.Any other matters that need to be specified: 1.Zerova Technologies SG Pte. Ltd. was registered in June 2022, and has not injected capital as of June 30, 2022. 2.Zerova Technologies (Dongguan) Co., Ltd. is under establishment.