Yuanta Financial Holding Co., Ltd

Aug 06, 2010

YFH announces Yuanta Venture Capital's investment in mainland Chinese company.

Date of occurrence of the event: 2010/08/06
Method of the present increase (decrease) in investment: Investing mainland Chinese company through Enterex International Limited.
Transaction volume, price per unit, and total monetary amount of the transaction: 207,900 shares. Price per unit is USD4.81, total monetary amount of the transaction is USD999,999.
Company name of the invested mainland Chinese company:
(1) YANGZHOU ENTEREX INDUSTRIAL CO., LTD
(2) YANGZHOU ENTEREX AUTO PARTS INDUSTRIAL CO., LTD.
(3) ENTEREX (YANGZHOU) AUTOMOTIVE AIR-CONDITIONING INDUSTRIAL CO., LTD.
Paid-in capital of said invested mainland Chinese company:
(1) YANGZHOU ENTEREX INDUSTRIAL CO., LTD: USD17,650,000
(2) YANGZHOU ENTEREX AUTO PARTS INDUSTRIAL CO., LTD. : USD 9,000,000
(3) ENTEREX (YANGZHOU) AUTOMOTIVE AIR-CONDITIONING INDUSTRIAL CO., LTD. : USD16,800,000
Amount of new capital increment currently planned by said invested mainland Chinese company: None.
Main business items of said invested mainland Chinese company:
(1) YANGZHOU ENTEREX INDUSTRIAL CO., LTD: Car radiators, condenser, evaporators
(2) YANGZHOU ENTEREX AUTO PARTS INDUSTRIAL CO., LTD. : Car evaporators
(3) ENTEREX (YANGZHOU) AUTOMOTIVE AIR-CONDITIONING INDUSTRIAL CO., LTD.: Car radiators, condenser
Type of CPA opinion issued for the financial statement of said invested mainland Chinese company for the most recent fiscal year: Unqualified opinion.
Net worth of said invested mainland Chinese company on the financial statement for the most recent fiscal year:
(1) YANGZHOU ENTEREX INDUSTRIAL CO., LTD : RMB173,555,000
(2) YANGZHOU ENTEREX AUTO PARTS INDUSTRIAL CO., LTD.: RMB82,664,000
(3) ENTEREX (YANGZHOU) AUTOMOTIVE AIR-CONDITIONING INDUSTRIAL CO., LTD.: RMB 81,562,000
Amount of profit/loss of said invested mainland Chinese company on the financial statement for the most recent fiscal year:
(1) YANGZHOU ENTEREX INDUSTRIAL CO., LTD : profit RMB16,208,000
(2) YANGZHOU ENTEREX AUTO PARTS INDUSTRIAL CO., LTD.: profit RMB6,511,000
(3) ENTEREX (YANGZHOU) AUTOMOTIVE AIR-CONDITIONING INDUSTRIAL CO., LTD. : loss RMB10,761,000
Amount of actual investment to date in said invested mainland Chinese company: None.
Counterparty to the transaction and its relationship to the Company:
(1) Counterparty to the transaction: Chung Mei International Co., Ltd.
(2) Relationship to the Company: None.
Where the counterparty to the transaction is an actual related party, public announcement shall also be made of the reason for choosing the related party as the counterparty and the identity of the previous owner (including its relationship with the company and the trading counterpart), the date of transfer, and the price: N/A.
Where a person who owned the subject matter of the transaction within the past five years has been an actual related party of the company, public announcement shall also be made of the dates and prices of acquisition and disposal by the related party and such party's relationship to the company at those times: N/A.
Gain (or loss) on disposal: N/A.
Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important stipulations: Subject to approval by the Investment Commission of MOEA.
The manner of deciding on this transaction, the reference basis for the decision on price and the decision-making department: Chairman
Broker: N/A.
Concrete purpose of the acquisition or disposal: Long-term investment.
Do the directors have any objection to the present transaction? : N/A.
Total amount of mainland China area investment (including the present investment) approved by the Investment Commission to date: NTD 190,540,000.
Ratio of the total amount of investment (including the present investment) in the mainland China area approved by the Investment Commission to date to the paid-in capital on the financial statement for the most recent period: 6.35%
Ratio of the total amount of investment (including the present investment) in the mainland China area approved by the Investment Commission to date to the total assets on the financial statement for the most recent period: 6.13%
Ratio of the total amount of investment (including the present investment) in the mainland China area approved by the Investment Commission to date to the shareholders’ equity on the financial statement for the most recent period: 6.19%
Total amount of actual investment in the mainland China area to date: NTD 158,340,000.
Ratio of the total amount of actual investment in the mainland China area to date to the paid-in capital on the financial statement for the most recent period: 5.28%
Ratio of the total amount of actual investment in the mainland China area to date to the total assets on the financial statement for the most recent period: 5.10%
Ratio of the total amount of actual investment in the mainland China area to date to the shareholders’ equity on the financial statement for the most recent period: 5.15%
Amount of recognized profits and losses on investment in the mainland China area for the most recent three fiscal years: 0.
Amount of profit remitted back to Taiwan for the most recent three fiscal years: 0.
Has the CPA issued an opinion on the unreasonableness of the price of the current transaction? : None.
Any other matters that need to be specified: None.