Tainan Spinning Co. Ltd.

11/09/2021 | Press release | Distributed by Public on 11/09/2021 02:29

Announcement of Board resolution to recognize impairment of assets in accordace with IAS No. 36

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Provided by: TAINAN SPINNING CO. , LTD.
SEQ_NO 2 Date of announcement 2021/11/09 Time of announcement 16:09:42
Subject 
 Announcement of Board resolution to recognize
impairment of assets in accordace with IAS No. 36
Date of events 2021/11/09 To which item it meets paragraph 51
Statement 
1.Date of occurrence of the event:2021/11/09
2.Company name: Tainan Spinning Co., Ltd.
3.Relationship to the Company (please enter ��head office�� or
  ��subsidiaries��): Head office
4.Reciprocal shareholding ratios: Not applicable
5.Cause of occurrence:
  The Company recognized impairment of assets in accordance with IAS No. 36
  ��Impairment of Assets,�� and recognized impairment loss in the amount of
  NT$145,480,391 based on test results.
6.Countermeasures: None
7.Any other matters that need to be specified:
 The impairment of assets does not affect cash flow and does not have a
 material effect on the Company's operations.