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Statement
| 1.Parties to the legal matter:Wafer Works Corporation, United Renewable
Energy Co., Ltd.
2.Name of the court or punishing agency of the legal matter:Supreme Court
3.Reference/Case number of relevant documents of the legal matter:
(110) tai-shang-tzu no.2572
4.Date of occurrence of the event:2021/11/03
5.Details of occurrence (including the matter under dispute):The Company and
United Renewable Energy Co., Ltd. in connection with the long-term supply
contract for solar products, were adjudicated in the first instance by the
Hsinchu District Court of Taiwan on October 13, 2017. The Company may
confiscate the advance payment of US$ 1,624 thousand dollars from United
Renewable Energy Co., Ltd.; in addition, United Renewable Energy Co., Ltd.
shall pay the Company NT$ 500 million dollars and interest calculated at an
annual interest rate of 5% from December 23, 2015, to the date of repayment.
United Renewable Energy Co., Ltd. appealed on October 31, 2017, and the
Taiwan High Court dismissed the appeal in the second instance on
January 27, 2021. United Renewable Energy Co., Ltd. then appealed to the
Supreme Court on February 23, 2021, and the Supreme Court pronounced a
judgment on November 3, 2021:the original judgment was abandoned and sent
back to the Taiwan High Court.
6.Handling procedure:None
7.Impact on the Company's finance and business and projected amount:
No significant impact on the Company's financial standing.
8.Countermeasures and improvement status:The company will continue to take
necessary actions to protect the rights and interests of the company and
its shareholders. Supplementary explanations will be made in the annual
individual and consolidated financial report of 2021, and the first-quarter
financial report of 2022 accordingly.
9.Any other matters that need to be specified:None
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