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Acer Incorporated (ACID)

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Wednesday 07 November, 2018

Acer Incorporated

Announcement of the disposal shares of WLII

RNS Number : 6175G
Acer Incorporated
07 November 2018
 

Subject: Announcement of the disposal shares of Weblink International Inc. ("WLII") over NTD300 million in accumulation within one year

To which item it meets--article 4 paragraph xx: 20

Date of events: 2018/11/07

Contents:

1. Name and nature of the subject matter (if preferred shares, the terms and conditions of issuance shall also be indicated, e.g.dividend yield):

Common shares of WLII

2. Date of occurrence of the event: 2017/11/08~2018/11/07

3. Volume, unit price, and total monetary amount of the transaction:

It is estimated that the threshold for public announcement of NTD300 million will be reached. Relevant information will be announced in an additional announcement after the completion.

4. Counterpart to the trade and its relationship to the Company (if the trading counterpart is a natural person and furthermore is not an actual related party of the Company, the name of the trading counterpart is not required to be disclosed):

Relevant information will be announced in an additional announcement after the completion.

5. Where the counterpart to the trade is an actual related party, a public announcement shall also be made of the reason for choosing the related party as trading counterpart and the identity of the previous owner (including its relationship with the company and the trading counterpart), price of transfer, and date of acquisition:

Relevant information will be announced in an additional announcement after the completion.

6. Where a person who owned the property within the past five years has been an actual related person of the company, a public announcement shall also include the dates and prices of acquisition and disposal by the related person and the   person's relationship to the company at those times:

Not applicable

7. Matters related to the creditor's rights currently being disposed of (including types of collateral of the disposed creditor's rights; if the creditor's rights are creditor's rights toward a related person, the name of the related person and the book amount of the creditor's rights toward such related person currently being

  disposed of must also be announced):

Not applicable

8. Anticipated profit or loss from the disposal (not applicable in cases of acquisition of securities) (where originally deferred, the status or recognition shall be stated and explained):

Relevant information will be announced in an additional announcement after the completion.

9. Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important stipulations:

Relevant information will be announced in an additional announcement after the completion.

10. The manner in which the current transaction was decided, the reference basis for the decision on price, and the decision-making department:

Resolution of the Board of Directors of the Company by taking into consideration of WLII's net worth per share and the price of the previous share release to WLII's employees

11. Current cumulative volume, amount, and shareholding percentage of holdings of the security being traded (including the current trade) and status of any restriction of rights (e.g.pledges):

It is expected that the Company will hold 53,343 thousands of common stocks of WLII (i.e., 69% of total common stocks of WLII) after the completion of the transaction.

12.Current ratio of long or short term securities investment (including the current trade) to the total assets and shareholder's equity as shown in the most recent financial statement and the operating capital as shown in the most recent financial statement:

Current ratio of long or short term securities investment to the total assets: 57.93%; Current ratio of long or short term securities investment to the shareholder's equity: 120.38%; Operating capital: NTD(9,756,233)K

13. Broker and broker's fee: None

14. Concrete purpose or use of the acquisition or disposal:

The share release is for the purpose of promoting the IPO plan for WLII in order to meet the requirement of the Taiwan Stock Exchange Corporation Rules Governing Reviewing of Securities Listing

15. Net worth per share of the underlying securities acquired or disposed of: None

16. Do the directors have any objection to the present transaction?: None

17. Has the CPA issued an opinion on the unreasonableness of the price of the current transaction?: None

18. Any other matters that need to be specified: None


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