Speed Tech Corp.TPEX: 5457

Announcement of the company's plan to establish a new subsidiary in Kaohsiung plant

· Issued by Speed Tech Corp.
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Provided by: SPEED TECH CORP.
SEQ_NO 5 Date of announcement 2022/03/18 Time of announcement 22:53:52
Subject
 Announcement of the company's plan to establish
a new subsidiary in Kaohsiung plant
Date of events 2022/03/18 To which item it meets paragraph 53
Statement
1.Date of occurrence of the event:2022/03/18
2.Company name:SPEED TECH CORP.
3.Relationship to the Company (please enter "head office" or
  "subsidiaries"):NA
4.Reciprocal shareholding ratios:NA
5.Cause of occurrence:
2022/03/18 The resolution of the board of directors was passed,
and the Kaohsiung plant subsidiary was newly established.
The Kaohsiung plant subsidiary was established.
SpeedPWR" planned capital of 500 million yuan
(injected in batches depending on actual operational needs)
6.Countermeasures:No
7.Any other matters that need to be specified:No