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Material Information Announcement

Click on the Market Observation Post System for public information, where you can search for significant information by year/month. Please enter the code 6782 for Visco Vision Inc. on the page linked.

SEQ_NO 2
Date of announcement 2023/05/10
Time of announcement 17:33:01
To which item it meets paragraph 20
Date of events 2023/05/10
Subject Announcement of the resolution of the board of directors to increase the capital in cash of the Malaysia subsidiary Visco Technology Sdn. Bhd.
Statement
  1. Name and nature of the underlying assets (if preferred shares, the terms and conditions of issuance shall also be indicated, e.g., dividend yield,
    etc.):The shares of Visco Technology Sdn. Bhd.
  2. Date of occurrence of the event:2023/05/10
  3. Amount, unit price, and total monetary amount of the transaction:
    The resolution of the board of directors to invest the subsidiary Visco Technology Sdn. Bhd. with total amount of USD 8,000,000.
  4. Trading counterparty and its relationship with the Company (if the trading counterparty is a natural person and furthermore is not a related party of
    the Company, the name of the trading counterparty is not required to be disclosed):Trading counterparty:Visco Technology Sdn. Bhd.
    Relationship with the Company:The 100% owned subsidiary
  5. Where the trading counterparty is a related party, announcement shall also be made of the reason for choosing the related party as trading counterparty
    and the identity of the previous owner, its relationship with the Company and the trading counterparty, and the previous date and monetary amount of transfer:N/A
  6. Where an owner of the underlying assets within the past five years has been a related party of the Company, the announcement shall also include the
    date and price of acquisition and disposal by the related party, and its relationship with the Company at the time of the transaction:N/A
  7. Matters related to the current disposal of creditors' rights (including types of collaterals of the disposed creditor’s rights; if creditor's
    rights over a related party, announcement shall be made of the name of the related party and the book amount of the creditor's rights, currently being
    disposed of, over such related party):N/A
  8. Profit or loss from the disposal (not applicable in cases of acquisition of securities) (those with deferral should provide a table explaining recognition):N/A
  9. Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important terms and conditions:
    Terms of payment:According to the capital requirement of the subsidiary.
    Restrictive covenants in the contract:N/A
    Other important terms and conditions:N/A
  10. The manner of deciding on this transaction (such as invitation to tender, price comparison, or price negotiation), the reference basis for the decision on price, and the decision-making unit:
    The manner of deciding on this transaction:The board of directors
    The reference basis for the decision on price:N/A
    The decision-making unit:The board of directors
  11. Net worth per share of the Company's underlying securities acquired or disposed of:1.31 MYR/Share
  12. Cumulative no.of shares held (including the current transaction), their monetary amount, shareholding percentage, and status of any restriction of rights (e.g., pledges), as of the present moment:
    Cumulative no.of shares held:estimated shares of 287,546,402.
    Cumulative monetary amount:estimated amounts of MYR 287,546,402.
    Cumulative Shareholding percentage:100%
    Restriction of rights:N/A
  13. Current ratio of securities investment (including the current trade, as listed in article 3 of Regulations Governing the Acquisition and Disposal of
    Assets by Public Companies) to the total assets and equity attributable to owners of the parent as shown in the most recent financial statement and
    working capital as shown in the most recent financial statement as of the present:
    (1)Ratio to total assets: 47%
    (2)Ratio to shareholders equity attributable to owners of the parent company:72%
    (3)Amount of working capital:667,828 thousand of NTD.
  14. Broker and broker's fee:N/A
  15. Concrete purpose or use of the acquisition or disposal:Base on the requirement of capital expenditure of the subsidiary.
  16. Any dissenting opinions of directors to the present transaction:N/A
  17. Whether the counterparty of the current transaction is a related party:Yes
  18. Date of the board of directors resolution:2023/05/10
  19. Date of ratification by supervisors or approval by the Audit Committee:2023/05/10
  20. Whether the CPA issued an unreasonable opinion regarding the current transaction:N/A
  21. Name of the CPA firm:N/A
  22. Name of the CPA:N/A
  23. Practice certificate number of the CPA:N/A
  24. Whether the transaction involved in change of business model:None
  25. Details on change of business model:N/A
  26. Details on transactions with the counterparty for the past year and the expected coming year:
    Accunulated increase of capital in cash for the past year:USD 13,900,000
    Increase of capital in cash:within USD 8,000,000
  27. Source of funds:Private capital and Bank loan.
  28. Any other matters that need to be specified:None
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