1. Date of occurrence of the event: 07/08/2019-07/08/2019
2. Method of the present increase (decrease) in investment: To invest the Oriental Petrochemical (Yangzhou) Corp. through the OUCC (Bermuda) Holding Ltd., the 100% owned subsidiary of OUCC
3. Total monetary amount of the transaction: USD10,000 thousand
4. Company name of the invested mainland Chinese company: Oriental Petrochemical (Yangzhou) Corp.
5. Paid-in capital of said invested mainland Chinese company: USD70,000 thousand
6. Amount of new capital increment currently planned by said invested mainland Chinese company: USD10,000 thousand
7. Type of CPA opinion issued for the financial statement of said invested mainland Chinese company for the most recent fiscal year: No reserved opinion expressed
8. Net worth of said invested mainland Chinese company on the financial statement for the most recent fiscal year: RMB142,383 thousand
9. Amount of profit/loss of said invested mainland Chinese company on the financial statement for the most recent fiscal year: Net loss RMB 37,867 thousand
10. Amount of actual investment to date in said invested mainland Chinese company: USD70,000 thousand
11. Counterpart to the trade and its relationship to the Company: Oriental Petrochemical (Yangzhou) Corp., a subsidiary 100% owned by OUCC (Bermuda) Holding Ltd.
12. The decision-making department of this transaction: The Board of Directors
13. Concrete purpose or use of the acquisition or disposition: To consolidate OPYC’s financial structure with adequate cash flow.
14. Date of BOD’s resolution: 07/08/2019
15. Date of approval of the Supervisors or Audit Committee: 06/08/2019
16. Total amount of mainland China area investment (including the present investment) approved by the Investment Commission to date: USD272,386 thousand
17. Ratio of the total amount of investment (including the present investment) in the mainland China area approved by the Investment Commission to date to the paid-in capital on the financial statement for the most recent period: 95.52%
18. Ratio of the total amount of investment (including the present investment) in the mainland China area approved by the Investment Commission to date to the total assets on the financial statement for the most recent period: 35.23%
19. Ratio of the total amount of investment (including the present investment) in the mainland China area approved by the Investment Commission to date to the parent company’s equity on the financial statement for the most recent period: 61.20%
20. Total amount of actual investment in the mainland China area to date: USD262,386 thousand 21. Ratio of the total amount of actual investment in the mainland China area to date to the paid-in capital on the financial statement for the most recent period: 92.01%
22. Ratio of the total amount of actual investment in the mainland China area to date to the total assets on the financial statement for the most recent period: 33.93%
23. Ratio of the total amount of actual investment in the mainland China area to date to the parent company’s equity on the financial statement for the most recent period: 58.96%
24. Amount of recognized profits and losses on investment in the mainland China area for the most recent three fiscal years:
2016: - NTD750,022 thousand
2017: + NTD206,948 thousand
2018: + NTD624,123 thousand
25. Amount of profit remitted back to Taiwan for the most recent three fiscal years:
2016: NIL
2017: NIL
2018: NIL
26. Has the CPA issued an opinion on the unreasonableness of the current transaction?: NA
27. Any other matters that need to be specified: Nil