The company plans to establish a joint venture company in Taiwan with Ampacs Corporation for NT$90 millionand and then invest in a subsidiary in Vietnam

 The company plans to establish a joint venture
company in Taiwan with Ampacs Corporation for NT$90
millionand and then invest in a subsidiary in Vietnam

1.Date of occurrence of the event:2022/04/28
2.Company name:Ability Enterprise Co., Ltd.
3.Relationship to the Company (please enter "head office" or
  "subsidiaries"):The Company
4.Reciprocal shareholding ratios:Not applicable
5.Cause of occurrence:
I. The main contents of the joint venture agreement between
the Company and Ampacs Corporation are as follows:
(I) To establish a joint-venture company whose name is not
fixed yet and its location will be in the same area as the
location of the subsidiary of Ampacs, Ampacs International
Company Limited, in Binh Duong Province in Vietnam.
(II) The registered capital is NT$150,000,000 with details
as follows:
(1)Ability Enterprise Co., Ltd.:  NT$90,000,000, holding
60% shares
(2)Ampacs Corporation: NT$60,000,000, holding 40% shares.
The capital will be wired by installment to the joint-venture
company depending on its operation situation.
II. Effects on the finance and business of the Company:
The Company can share the business risk with the joint venture
partner, Ampacs Corporation (hereinafter referred to as Ampacs)
, which has experience and resources in Vietnam.
In the future, the Company will lead the customer service and
core manufacturing technology, and Ampacs will manage the
operation of plants. To achieve the multi-benefits of the joint
venture, both parties will work together to plan the production
bases needed for business growth and develop high-quality and
globally competitive products to meet customers' demands.
III. Specific purpose: The establishment of new overseas
production is to meet the customers' demand, and to enhance
our competitiveness in the international market. Vietnam has
lower production costs, tax incentives, and a complete supply
chain compared to Southeast Asian countries. Therefore, the
Company plans to invest in Vietnam.
6.Countermeasures:N/A
7.Any other matters that need to be specified:
This proposal shall be submitted to the Audit Committee and get
the resolution from the Board of Directors. Then, the contract
signing and company establishment procedures can be executed.
If any change or amendment is required due to the laws and
regulations or the requirements of local authorities, it
shall be changed or amended after the relative proposals are
sent to the Board of Directors for authorization on the
chairman to directly negotiate with Ampacs.