Zenitron Corporation

05/13/2022 | Press release | Distributed by Public on 05/13/2022 04:10

Zenitron Board of Directors approved the adjustment of overseas investment structure

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Provided by: ZENITRON CORPORATION
SEQ_NO 3 Date of announcement 2022/05/13 Time of announcement 18:00:25
Subject 
 Zenitron Board of Directors approved the adjustment
of overseas investment structure
Date of events 2022/05/13 To which item it meets paragraph 51
Statement 
1.Date of occurrence of the event:2022/05/13
2.Company name:ZENITRON CORPORATION
3.Relationship to the Company (please enter "head office" or
  "subsidiaries"):head office
4.Reciprocal shareholding ratios:Not applicable
5.Cause of occurrence:
In consideration of the tax management,the company is proposed to
adjust its overseas investment structure.
1.The Company currently holds 100% of the shares of Supertronic International
Corp.("Supertronic") and Supertronic holds 98.53% of the shares of Zenitron
(HK) Limited("Zenitron (HK)").
The Company is desirous to directly hold 100% of the shares of Zenitron (HK),
which is currently 98.53% held by Supertronic.
2.Zenicom Corporation is desirous to directly hold 100% of the shares of
Zenicom (HK) Limited,which is currently 100% held by Supertronic.
6.Countermeasures:Not applicable
7.Any other matters that need to be specified:
(1)Since the adjusted targets of the investment structure are all
subsidiaries of the group, it has no impact on the company's overall
consolidated profit and loss and shareholders' equity.
(2)This case authorizes the chairman to handle related adjustments and
changes.