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Statement
| 1.Date of occurrence of the event:2022/07/20
2.Company name:Pou Chen Corporation
3.Relationship with the Company (please enter "the company itself" or
"subsidiaries"):the company itself
4.Reciprocal shareholding percentage:NA
5.Name of the reporting media:CredereMedia
6.Content of the report:
Ruentex Group was "dragged down" by Nan Shan Life Insurance Co., Ltd.?
Both Ruentex Development Co., Ltd. and Ruentex Industries Ltd. are
pulling alerts on their net worth per share for 2Q2022, and one company
is in a delisting crisis. As Nan Shan Life Insurance Co., Ltd.'s net
worth in 2Q2022 is facing the hurdle of falling below NTD100 billion,
dragging down the net worth of Ruentex Development Co., Ltd., Ruentex
Industries Ltd., and Pou Chen Corporation accordingly.
7.Cause of occurrence:None
8.Countermeasures:
(1)As reported by CredereMedia today, the net worth of Nan Shan Life
Insurance Co., Ltd. ("Nan Shan") in 2Q2022 is facing the hurdle of
falling below NTD100 billion. Ruen Chen Investment Holding Co., Ltd.
("Ruen Chen"), a joint venture of Ruentex Group and Pou Chen Group,
was established in 2011. Ruen Chen owns approximately 89.55% stake
of Nan Shan and is the parent company of Nan Shan. And Pou Chen
Corporation ("PCC") directly and indirectly holds approximately
18.09% stake of Nan Shan. Therefore, Nan Shan's net income and net
worth will also affect PCC's net worth in 2Q2022.
(2)Due to the impact of rising interest rates and inflationary pressure,
the international economic situation has been highly volatile and
other factors have led to a decrease of approximately NTD36.7 billion
in PCC's other equity in 1Q2022 due to the recognition of other
comprehensive loss of associates and joint ventures.
(3)PCC has never made any external financial forecast announcement, and
its 2Q2022 financial statements is still under preparation and will
be published on the Market Observation Post System (MOPS) upon its
completion. Investors are advised to refer to the financial
information published on the MOPS. In addition, regarding the media
reporting, investors shall act on prudent judgment to protect their
own rights and interests.
9.Any other matters that need to be specified:None
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