1. Factual Date: 115/08/12
2. Company Name: Poyun Co., Ltd.
3. Relationship with Company (please enter Parent or Subsidiary): Subsidiary
4. Cross-shareholding Ratio: Not applicable.
5. Reason for Occurrence:
a) To align with AIP Group's organizational restructuring, the liquidation of Poyun Co., Ltd. (hereinafter 'KPY') was approved by the Board of Directors on June 12, 115, and reported to the shareholders' meeting on June 24, 115.
b) KPY has completed all accounting settlements, but still holds an unrecoverable receivable claim against True Voice Limited (hereinafter 'TVL') amounting to USD 11,613,394.94.
c) In accordance with KPY's liquidation procedures, the waiver of KPY's receivable claim against TVL will be executed in compliance with relevant laws and regulations.
6. Countermeasures: None.
7. Other Matters to be Disclosed (if the subject of the event or resolution is a publicly listed company or above, this significant information also qualifies as a matter under Article 7, Paragraph 9 of the Enforcement Rules of the Securities Trading Act that has a significant impact on shareholders' rights or securities prices):
The transaction involved in this case is conducted in connection with internal group organizational restructuring and the liquidation process of KPY, and is not expected to have a significant adverse impact on the Company's consolidated financial statements, overall operations, or shareholders' equity.
FACT BOX
- Source: PR Times
- Category: News
- Organizations: Poyun Co.,Ltd. / True Voice Limited
- Dates in source: 115/08/12