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Statement
| 1.Date of occurrence of the event:2022/06/07
2.Cause:
In relation to the tender offer for the common shares of
Turvo International Co., Ltd. ("Turvo ") by the Offeror,
ZENG HSING INDUSTRIAL CO., LTD., the Offeror wired the
expected maximum considerations of the Tender Offer,
NT$1,690,000,000, to a dedicated account of the Tender
Agent at KGI Bank, Zhongshan Branch (account name: KGI
Securities' Dedicated Account for Public Tender Offers;
account number: 00001118616000). Therefore, the Offeror
hereby announces the same on the Market Observation Post
System pursuant to Subparagraph 3, Paragraph 2, Article
19 of the Regulation Governing Public Tender Offers for
Securities of Public Companies.
3.Countermeasures:
If all conditions of the Tender Offer have been satisfied,
the tendered shares and all considerations for this Tender
Offer will be delivered within 5 business days (including
the 5th business day), after the expiration of the Tender
Offer period. KGI Securities will first issue the payment of
the consideration of this Tender Offer via a bank transfer to
the Offerees' bank accounts, as provided by the TDCC.
If the transfer cannot be completed due to incorrect bank
account information or other reasons, such payment will
be provided in a cheque (non-negotiable crossed cheque)
via registered mail to the address provided by the Taiwan
Depository & Clearing Corporation or the Offerees on the
next business day after confirming that the payment cannot
be delivered via a bank transfer.
The consideration shall be the consideration of the shares
actually acquired from each Offeree, deducted by the
statutory securities transaction tax, expenses for bank
remittance or postage, service fees to the Taiwan Depository
& Clearing Corporation and securities brokers (which shall be
calculated per the times of depositing), and other relevant
expenses. The consideration will be calculated to the dollar
digit in "New Taiwan Dollars"(if less than a dollar , it will not be
counted).
To avoid that the Purchase Price received is not enough to
pay the securities transaction tax, service fees to the TDCC
and securities brokers, expenses for bank remittance, postage
for delivery of check by a registered mail or other relevant
expenses, for the shareholder who intends to participate in the
Tender Offer but holds less than 1,000 shares, such tender will
not be accepted.
4.Any other matters stipulated by the SFB:
The aforementioned English translation is for reference
only; please refer the Chinese announcement of the Company.
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