1. Factual Date: 115/08/12

2. Company Name: True Voice Int'l Inc. Limited

3. Relationship with Company (Please specify 'Parent' or 'Subsidiary'): Subsidiary

4. Cross-shareholding Ratio: Not applicable.

5. Reason for Occurrence:

a) In alignment with AIP Group's organizational restructuring, the liquidation of Poyun Co., Ltd. (hereinafter referred to as KPY) has been 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 outstanding debt to True Voice Int'l Inc. Limited (hereinafter referred to as TVHK) amounting to USD 74,534,533.61 that remains unpaid.

c) In coordination with KPY's liquidation process, TVHK will proceed with waiving its claim against KPY in accordance with relevant legal provisions.

6. Countermeasures: None.

7. Other Matters to be Disclosed (If the subject of the event is a publicly listed company or above, this significant information also qualifies under Article 7, Paragraph 9 of the Enforcement Rules of the Securities Trading Act as a matter having material impact on shareholder rights or securities prices):

The transaction involved in this case is conducted in conjunction with the internal group organizational restructuring and the liquidation process of KPY, and is assessed to have no material adverse impact on the Company's consolidated financial statements, overall operations, or shareholder权益.

FACT BOX

  • Source: PR Times
  • Category: News
  • Organizations: True Voice Int'l Inc. Limited / Poyun Co., Ltd.