Taiwan Mask Corp. Sells Zhunan Plant, Expects Gain of NT$1.824 Billion

(Central News Agency, reporter Zhang Jianzhong, Hsinchu, 10th) Taiwan Mask Corp.'s board of directors resolved today to sell the assets of its No. 6 plant in Zhunan to Siliconware Precision Industries (SPIL). The company expects a disposal gain of approximately NT$1.824 billion.

Taiwan Mask Corp. stated that the Zhunan No. 6 plant was originally used by its subsidiaries, which have now all moved out. Related departments have been consolidated back to the Hsinchu headquarters to streamline daily operations and production costs.

The company indicated that the sale of the Zhunan No. 6 plant is a strategic move to activate assets and focus on its core business. It will enhance the group's capital allocation efficiency, optimize its balance sheet, and substantially boost profitability.

The Zhunan No. 6 plant has a building area of 43,900 square meters (approximately 13,286 ping). The total transaction amount is NT$2.8 billion, with an expected disposal gain of about NT$1.824 billion. Taiwan Mask Corp. said the proceeds from the disposal will be invested in its core mask business to rapidly increase production capacity and yield rates. (Editor: Lin Kelun) 1150610