Tatung Plans Cash Injection into Subsidiary

Release Date: 2023/07/24 Announcement Date: 2023/07/23 Announcement Time: 17:43:44 Company Code: 2371 Company Name: Tatung Subject: Announcement of Cash Injection into Subsidiary Tatung Smart Meter Corporation Clause: Clause 20 Date of Fact: 2023/07/23 Explanation: 1. Name and Nature of the Target (For Special Shares, Specify Special Share Issuance Terms, e.g., Dividend Rate): Name of the Target: Tatung Smart Meter Corporation Nature of the Target: Common Stock 2. Date of Fact: 2023/07/23 3. Board of Directors Approval Date: Not Applicable 4. Other Approval Dates: Approval Level: Investment Review Committee 2023/07/23 5. Transaction Quantity, Unit Price, and Total Amount: Transaction Unit Quantity: 5,000,000 shares Transaction Unit Price: NT$10 Total Transaction Amount: NT$500 million 6. Transaction Counterparty and Their Relationship with the Company (If the Counterparty is a Natural Person and Not a Related Party of the Company, Their Name May Be Omitted): Transaction Counterparty: Tatung Smart Meter Corporation Relationship with the Company: Subsidiary of the Company 7. If the Transaction Counterparty is a Related Party, the Reason for Selecting the Related Party as the Transaction Counterparty and the Previous Transferor, the Relationship Between the Previous Transferor and the Company and the Transaction Counterparty, the Previous Transfer Date, and the Transfer Amount Must Be Disclosed: Long-term Investment 8. If the Owner of the Transaction Target Within the Past Five Years Was a Related Party of the Company, the Date, Price, and Relationship with the Company at the Time of the Transaction Must Be Disclosed: Not Applicable 9. Matters Related to the Disposal of Claims (Including the Type of Collateral Attached to the Claims to Be Disposed Of. If the Claims to Be Disposed Of Are Related Party Claims, the Name of the Related Party and the Book Value of the Claims of the Related Party to Be Disposed Of in This Case Must Be Disclosed): Not Applicable 10. Disposal Gain (or Loss) (Not Applicable for the Acquisition of Securities) (If Deferred, the Recognition Situation Must Be Listed in a Table): Not Applicable 11. Payment Conditions (Including Payment Period and Amount), Contract Restrictive Clauses, and Other Important Agreed Matters: Cash Injection, No Contract Restrictive Clauses and Other Important Agreed Matters 12. Method of Transaction Decision, Reference for Price Determination, and Decision Unit: Approved by the Company's Investment Review Committee 13. Net Asset Value per Share of the Target Company of the Securities: 9.82 14. Cumulative Quantity, Amount, Shareholding Ratio, and Restricted Rights Situation of the Securities Held So Far (e.g., Pledged Situation): Held Quantity: 8,500,000 shares Held Amount: NT$850 million Shareholding Ratio: 100% Restricted Situation: None 15. So Far, the Proportion of Securities Investment (Including This Transaction) Listed in Article 3 of the "Regulations for the Handling of the Acquisition and Disposal of Assets by Public Companies" in the Company's Latest Financial Statements and the Proportion of Equity Attributable to the Parent Company, and the Amount of Operating Funds in the Latest Financial Statements (Note 2): Proportion of Total Assets in the Latest Financial Statements: 75.54% Proportion of Equity Attributable to the Parent Company in the Latest Financial Statements: 167.07% Amount of Operating Funds in the Latest Financial Statements: NT$8,690,161 million 16. Broker and Brokerage Fees: Not Applicable 17. Specific Purpose or Use of the Acquisition or Disposal of Securities: Long-term Investment 18. Opinion of Directors Who Object to This Transaction: Not Applicable 19. This Transaction is a Related Party Transaction: Yes 20. Date of Approval by Supervisors or Agreement by the Audit Committee: Not Applicable, According to the Company's Approval Authority 21. The Accountant Issues an Opinion of Non-Rationality for This Transaction: Not Applicable 22. Name of the Accounting Firm: Not Applicable 23. Name of the Accountant: Not Applicable 24. Business License Number of the Accountant: Not Applicable 25. Does This Involve a Change in the Business Model: No 26. Explanation of the Change in the Business Model: Not Applicable 27. Transaction Situation with the Counterparty in the Past Year and Expected in the Next Year: Not Applicable 28. Source of Funds: Not Applicable 29. Date of Previous Major Information Release for the Same Event: Not Applicable 30. Other Matters for Explanation: Handled According to the Company's Approval Authority and Handling Procedures.