ShunSin Technology : The company plans to sell ShunYun Technology Holdings Limited to its 100% subsidiary, ShunYun (HongKong)-Supplementary Announcement

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Provided by: ShunSin Technology Holdings Limited
SEQ_NO	3	Date of announcement	2022/08/08	Time of announcement	18:22:04
Subject	The company plans to sell ShunYun Technology Holdings Limited to its 100% subsidiary, ShunYun (HongKong)-Supplementary Announcement
Date of events	2021/08/26	To which item it meets	paragraph 20
Statement	1.Name and nature of the underlying assets (if preferred shares, the terms and conditions of issuance shall also be indicated, e.g., dividend yield, etc.):ShunYun Technology Holdings Limited of the company holds 100% equity (Hereinafter referred to as: ShunYun Cayman) 2.Date of occurrence of the event:2021/08/26~2021/08/26 3.Amount, unit price, and total monetary amount of the transaction: The total transaction amount is the net value at the sale times , with a upper limit of US$15 million to sales 100% equity of ShunYun Cayman. 4.Trading counterparty and its relationship with the Company (if the trading counterparty is a natural person and furthermore is not a related party of the Company, the name of the trading counterparty is not required to be disclosed): Trading counterparty with the Company： ShunYun Technology Holdings (HongKong) Limited Relationship：The company's wholly-owned subsidiary 5.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: The reason for choosing the related party as trading counterparty： Adjust for the organization. Transfer of previous owners: None. The previous owner of the company transfer：None. The previous its relationship with the Company and the trading counterparty of transfer：None. The previous date and monetary amount of transfer：None. 6.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: Not applicable. 7.Matters related to the current disposal of creditors' rights (including types of collaterals of the disposed creditor's rights; if creditor's rights over a related party, announcement shall be made of the name of the related party and the book amount of the creditor's rights, currently being disposed of, over such related party):Not applicable 8.Profit or loss from the disposal (not applicable in cases of acquisition of securities) (those with deferral should provide a table explaining recognition):None. 9.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important terms and conditions: (1)Terms of delivery or payment：Delivery is completed according to the work schedule approved by the competent authority (2)The covenants in the contract：None. (3)Other important terms and conditions：None. 10.The manner of deciding on this transaction (such as invitation to tender, price comparison, or price negotiation), the reference basis for the decision on price, and the decision-making unit: The transaction decision-making unit: The company's board of directors and audit committee. 11.Net worth per share of the Company's underlying securities acquired or disposed of:Not applicable. 12.Cumulative no.of shares held (including the current transaction), their monetary amount, shareholding percentage, and status of any restriction of rights (e.g., pledges), as of the present moment: Cumulative shares：Not applicable. Booking amount：USD 10,949,542.05 (July, 2021) Shareholding ratio：100% Limited rights situation：None. 13.Current ratio of securities investment (including the current trade, as listed in article 3 of Regulations Governing the Acquisition and Disposal of Assets by Public Companies) to the total assets and equity attributable to owners of the parent as shown in the most recent financial statement and working capital as shown in the most recent financial statement as of the present: Percentage of total assets in the company's most recent financial statements (Q2 2021) ：2.22% Percentage of owner's equity of the parent company (consolidated)：5.08% Working Capital (Q2 2021 Parent company) ：NTD (2,699,656) Thousand yuan. 14.Broker and broker's fee:Not applicable. 15.Concrete purpose or use of the acquisition or disposal: Adjust for the organization. 16.Any dissenting opinions of directors to the present transaction:None. 17.Whether the counterparty of the current transaction is a related party:Yes. 18.Date of the board of directors resolution:2021/08/26 19.Date of ratification by supervisors or approval by the Audit Committee:2021/08/26 20.Whether the CPA issued an unreasonable opinion regarding the current transaction:None 21.Name of the CPA firm:Ruichen Accounting Firm 22.Name of the CPA:KU CHI YANG 23.Practice certificate number of the CPA:No.7306 24.Whether the transaction involved in change of business model:Yes. 25.Details on change of business model:Adjust for the organization. 26.Details on transactions with the counterparty for the past year and the expected coming year:Not applicable. 27.Source of funds:Not applicable. 28.Any other matters that need to be specified:None.