Signatures
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
|
AU Optronics Corp.
|
|
|
|
|
Date:
July 26, 2017
|
By:
|
/s/ Benjamin Tseng
|
|
|
Name:
|
Benjamin Tseng
|
|
|
Title:
|
Chief Financial Officer
|
Item 1
|
News
Release
|
AU Optronics Reports NT$9.83 Billion Net Profit Attributable
to Owners of the Company for Second Quarter 2017
Issued
by:
AU Optronics Corp.
Issued on:
July 26, 2017
Hsinchu, Taiwan, July 26,
2017–
AU Optronics
Corp. ("AUO" or the "Company") (TAIEX: 2409; NYSE: AUO) today held its investor conference and announced its
consolidated financial results for the second quarter of 2017
(1)
.
AUO’s
consolidated revenues for the second quarter of 2017 were NT$84.41 billion, down by 4.7% from the previous quarter. Net profit
attributable to owners of the Company for the second quarter of 2017 was NT$9.83 billion, with a basic EPS
(2)
of NT$1.02.
For the
first half of 2017, AUO reported consolidated revenues of NT$172.97 billion. Net profit attributable to owners of the Company
was NT$19.31 billion, with a basic EPS
(2)
of NT$2.01.
In the second
quarter of 2017, large-sized panel
(3)
shipments totaled 26.84 million units, down by 1.4% quarter-over-quarter. Shipments
of small-and-medium-sized panels in the same quarter were around 38.65 million units, up by 6.1% quarter-over-quarter.
Highlights
of consolidated results for the second quarter of 2017:
|
Ÿ
|
Revenues
of NT$84.41 billion
|
|
Ÿ
|
Operating
profit of NT$11.68 billion
|
|
Ÿ
|
Net
profit attributable to owners of the Company at NT$9.83 billion
|
|
Ÿ
|
Basic
EPS
(2)
of NT$1.02
|
|
Ÿ
|
Operating
margin was 13.8%
|
|
Ÿ
|
EBITDA
(4)
margin was 24.5%
|
|
Ÿ
|
Operating
margin of Display Segment was 14.8%
|
|
Ÿ
|
EBITDA
(4)
margin of Display Segment was 25.5%
|
|
News
Release
|
Although
the second quarter is not traditionally a high season, the Company has maintained its operational results at high levels. The
quarterly revenues decreased 4.7% to NT$84.41 billion from the previous quarter under the influence of New Taiwan Dollars appreciating
against US dollars. Despite such influence, the Company was still able to achieve good results, where the operating profit reached
NT$11.68 billion and net profit attributable to owners of the Company reached NT$9.83 billion. As for the Display Segment, the
Company has achieved operating profit margin of 14.8% and EBITDA margin of 25.5%, which were maintained at high levels. Regarding
the financial structure of the Company, inventory turnover days were 35 days, a healthy low level. Net debt to equity ratio decreased
to 10.4%, which was the lowest level since the second quarter of 2004.
As we enter
into the higher season in the second half, brand customers are having more promotional events. The Company will work with its
customers to prepare for the higher season demand, with a hope that the TV end market will regain its growth momentum under the
collaboration between the Company and its customers. On the other hand, the Company will focus on advanced technologies and persist
with value-up and differentiation strategy, in order to create higher value for the Company and its customers.
(1)
All financial information was prepared by the Company in accordance with Taiwan IFRS.
(2)
Basic EPS in the second quarter of 2017 and the first half of 2017 were calculated based on the weighted average outstanding shares
of the first half of 2017 (9,624 million shares).
(3)
Large size refers to panels that are 10 inches and above.
(4)
EBITDA = Operating Profit + D&A, that is, operating profit before depreciation and amortization.
###
ABOUT
AU OPTRONICS
AU Optronics
Corp. (AUO) is one of the world’s leading providers of optoelectronic solutions. AUO offers a full range of panel sizes
and comprehensive applications ranging from 1.2 inches to 85 inches. Based on its profound R&D and manufacturing experience,
AUO continues to develop advanced display technologies of the next generation. AUO extended its market to the green energy industry
in 2008 and provides its customers with high-efficiency solar solutions. AUO currently has global operations in Taiwan, Mainland
China, the U.S., Japan, South Korea, Singapore, the Netherlands, Czech and Slovakia. Additionally, AUO is the first pure TFT-LCD
manufacturer to be successfully listed at the New York Stock Exchange (NYSE). AUO has also been named to Dow Jones Sustainability
World Index from 2010 to 2016. AUO’s consolidated net revenues in 2016 were NT$329.09 billion. For more information, please
visit AUO.com.
|
News
Release
|
Safe
Harbour Notice
AU Optronics
Corp. (“AUO” or the “Company”) (TAIEX: 2409; NYSE: AUO), a global leader of TFT-LCD panels, today announced
the above news. Except for statements in respect of historical matters, the statements contained in this Release include “forward-looking
statements” as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based
on our management's expectations, projections and beliefs at the time regarding matters including, among other things, future
revenues and costs, financial performance, technology changes, capacity, utilization rates, yields, process and geographical diversification,
future expansion plans and business strategy. Such forward looking statements are subject to a number of known and unknown risks
and uncertainties that can cause actual results to differ materially from those expressed or implied by such statements, including
risks related to the flat panel display industry, the TFT-LCD market, acceptance of and demand for our products, technological
and development risks, competitive factors, and other risks described in the section entitled "Risk Factors" in
our Annual Report on Form 20-F filed with the United States Securities and Exchange Commission on March 30, 2017. In addition,
our SEC reports, including our Annual Report on Form 20-F contains other information on these and other factors that could affect
our financial results and cause actual results to differ materially from any forward-looking information we may provide. We undertake
no obligation to update or revise any forward-looking statements to reflect subsequent events, new information or future circumstances.
For more
information, please contact:
Gwen
Ting
|
Jessie
Lee
|
Corporate
Communications Division
|
Corporate
Communications Division
|
AU
Optronics Corp.
|
AU
Optronics Corp.
|
Tel:
+886-3-5008800 ext 7259
|
Tel:
+886-3-5008800 ext 3206
|
Fax:
+886-3-5772730
|
Fax:
+886-3-5772730
|
Email:
gwen.ting@auo.com
|
Email :
jessie.jc.lee@auo.com
|
Item 2
AU
Optronics Corp.
Second
Quarter 2017 Results Investor Conference
友達光電
2017
年第二季法人說明會
Jul.
26, 2017
Second
Quarter 2017 Results Investor Conference
友達光電
2017
年第二季法人說明會
Jul. 26, 2017
Safe
Harbor Notice
•
The statements included in this presentation that are not historical in nature are “forward-looking statements” within
the meaning of Section 27A of the United States Securities Act of 1933 and Section 21E of the United States Securities Exchange
Act of 1934. These forward-looking statements, which may include statements regarding AU Optronics’ future results of operations,
financial condition or business prospects, are subject to significant risks and uncertainties and are based on AU Optronics’
current expectations.
•
Actual results may differ materially from those expressed or implied in these forward-looking statements for a variety of reasons,
including, among other things: the cyclical nature of our industry; our dependence on introducing new products on a timely basis;
our dependence on growth in the demand for our products; our ability to compete effectively; our ability to successfully expand
our capacity; our dependence on key personnel; general economic and political conditions, including those related to the TFT-LCD
industry; possible disruptions in commercial activities caused by natural and human-induced disasters, including terrorist activity
and armed conflict; and fluctuations in foreign currency exchange rates.
•
Beginning on January 1, 2013, we have adopted the International Financial Reporting Standards as issued by the International Accounting
Standards Board (“IFRS”) to the extent endorsed by the ROC Financial Supervisory Commission (“FSC”) (“Taiwan
IFRS”) for reporting our annual and interim consolidated financial statements in the ROC in accordance with the requirements
of the FSC. All financial information contained herewithin is presented in conformity with Taiwan IFRS. Readers should be cautioned
that Taiwan IFRS differs in many material respects from IFRS including to the extent that any new or amended standards or interpretations
applicable under IFRS may not be timely endorsed by the FSC.
Our release of financial forecasts and forward-looking statements
at any particular time does not create any duty of disclosure beyond that which is imposed by law, and we expressly disclaim any
obligation to publicly update or revise any forecasts or forward-looking statements, whether as a result of new information, future
events or otherwise.
Statement
of Comprehensive Income
Selected Items from Statement of Comprehensive Income
a) Basic EPS in both 2Q17 and 1Q17 were calculated based on the
weighted average outstanding shares of the first half of 2017 (9,624m shares); Basic EPS in 2Q16 was calculated based on the weighted
average outstanding shares of 2016 (9,624m shares).
b) Large size refers to panels that are 10 inches and above
Consolidated Balance Sheet Highlights
a)
Excluding time deposit with maturity longer than 3 months (NT$0m in 2Q17,1Q17 and 2Q16 )
b)
Short term debt refers to all interest bearing debt maturing within one year
c)
Calculated by dividing the average inventory into the annualized cost of goods sold during such period, then multiplying by 365
days
d) Net Debt to Equity = (Short Term Debt + Long Term Debt
- Cash and ST Investment) / Equity
Consolidated
Cash Flow Highlights
a) In addition to cash generated from operating, investing
and financing activities, net change in cash also include effect on currency exchange of foreign subsidiaries
Display Revenue Breakdown by Application
–
Mobile PC : including Notebook and Tablet displays
–
Mobile Device : including displays for mobile phones and other related products
– Commercial and Others: including displays for automobile,
industrial PC, ATM, point of sale (POS), pachinko, and etc.
Display Revenue Breakdown by Size
Consolidated Shipments & ASP by Area
Shipments in square meter
ASP per square meter
– ASP per square meter in US$ was translated from NT$
based on average exchange rates announced by Customs Administration, Ministry of Finance of each respective quarter
Consolidated Small & Medium Panel
Shipments
by Area & Revenues
Shipments
in square meter
Revenues
– Small & Medium size refers to panels that are
under 10 inches
www.auo.com
ir@auo.com
AU OPTRONICS CORP. AND SUBSIDIARIES
Consolidated
Condensed Statements of Comprehensive Income
For
the Three Months Ended June 30, 2017 and 2016 and March 31, 2017
(Expressed
in Millions of New Taiwan Dollars (NTD) and US Dollars (USD) except for per share amounts and shares outstanding)
|
|
|
Year over Year Comparison
|
|
|
|
|
|
Sequential Comparison
|
|
|
|
|
|
2Q17
|
|
|
|
2Q16
|
|
|
|
|
|
2Q17
|
|
|
|
1Q17
|
|
|
|
USD
|
|
NTD
|
|
%
|
|
NTD
|
|
YoY%
|
|
USD
|
|
NTD
|
|
%
|
|
NTD
|
|
QoQ%
|
Net Sales
|
2,779
|
84,412
|
100.0
|
80,091
|
5.4
|
2,779
|
84,412
|
100.0
|
88,557
|
(4.7)
|
Cost of Goods Sold
|
2,215
|
|
67,292
|
|
79.7
|
|
74,527
|
|
(9.7)
|
|
2,215
|
|
67,292
|
|
79.7
|
|
71,124
|
|
(5.4)
|
Gross Profit
|
564
|
|
17,121
|
|
20.3
|
|
5,564
|
|
207.7
|
|
564
|
|
17,121
|
|
20.3
|
|
17,433
|
|
(1.8)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Expenses
|
179
|
|
5,445
|
|
6.5
|
|
5,449
|
|
(0.1)
|
|
179
|
|
5,445
|
|
6.5
|
|
5,415
|
|
0.5
|
Operating Profit(Loss)
|
384
|
|
11,676
|
|
13.8
|
|
116
|
|
9,992.5
|
|
384
|
|
11,676
|
|
13.8
|
|
12,017
|
|
(2.8)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Non-operating Income(Expenses)
|
(1)
|
|
(32)
|
|
(0.0)
|
|
(356)
|
|
(91.0)
|
|
(1)
|
|
(32)
|
|
(0.0)
|
|
(68)
|
|
(52.8)
|
Profit(Loss) before Income Tax
|
383
|
|
11,644
|
|
13.8
|
|
(240)
|
|
-
|
|
383
|
|
11,644
|
|
13.8
|
|
11,950
|
|
(2.6)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income Tax Expense
|
(89)
|
|
(2,698)
|
|
(3.2)
|
|
(563)
|
|
378.8
|
|
(89)
|
|
(2,698)
|
|
(3.2)
|
|
(2,515)
|
|
7.3
|
Net Profit(Loss)
|
294
|
|
8,946
|
|
10.6
|
|
(804)
|
|
-
|
|
294
|
|
8,946
|
|
10.6
|
|
9,435
|
|
(5.2)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Comprehensive Income(Loss)
|
67
|
|
2,023
|
|
2.4
|
|
(1,489)
|
|
-
|
|
67
|
|
2,023
|
|
2.4
|
|
(3,454)
|
|
-
|
Total Comprehensive Income(Loss)
|
361
|
|
10,969
|
|
13.0
|
|
(2,293)
|
|
-
|
|
361
|
|
10,969
|
|
13.0
|
|
5,981
|
|
83.4
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Profit(Loss) Attributable to:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Owners of Company
|
324
|
9,830
|
11.6
|
(572)
|
|
-
|
324
|
9,830
|
11.6
|
9,479
|
3.7
|
Non-Controlling Interests
|
(29)
|
|
(883)
|
|
(1.0)
|
|
(231)
|
|
282.1
|
|
(29)
|
|
(883)
|
|
(1.0)
|
|
(45)
|
|
1,882.3
|
Net Profit(Loss)
|
294
|
|
8,946
|
|
10.6
|
|
(804)
|
|
-
|
|
294
|
|
8,946
|
|
10.6
|
|
9,435
|
|
(5.2)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Comprehensive Income(Loss) Attributable to:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Owners of Company
|
382
|
11,596
|
13.7
|
(1,421)
|
|
-
|
382
|
11,596
|
13.7
|
6,916
|
67.7
|
Non-Controlling Interests
|
(21)
|
|
(627)
|
|
(0.7)
|
|
(872)
|
|
(28.1)
|
|
(21)
|
|
(627)
|
|
(0.7)
|
|
(936)
|
|
(33.0)
|
Total Comprehensive Income(Loss)
|
361
|
|
10,969
|
|
13.0
|
|
(2,293)
|
|
-
|
|
361
|
|
10,969
|
|
13.0
|
|
5,981
|
|
83.4
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic Earnings Per Share
|
0.03
|
|
1.02
|
|
|
|
(0.06)
|
|
|
|
0.03
|
|
1.02
|
|
|
|
0.98
|
|
|
Basic Earnings Per ADS
(2)
|
0.34
|
|
10.21
|
|
|
(0.59)
|
|
|
0.34
|
10.21
|
|
|
9.85
|
|
|
Weighted-Average Shares Outstanding ('M)
|
|
|
9,624
|
|
|
|
9,624
|
|
|
|
|
|
9,624
|
|
|
|
9,624
|
|
|
Note: (1) Amounts in New Taiwan
dollars were translated into US dollars at the exchange rate of NTD 30.38 per USD as of June 30, 2017
(2) 1 ADS
equals 10 common shares
AU OPTRONICS CORP. AND SUBSIDIARIES
Consolidated
Condensed Balance Sheets
June
30, 2017 and 2016
(Expressed in Millions of New
Taiwan Dollars (NTD) and USDollars (USD))
|
|
|
June 30, 2017
|
|
|
June 30, 2016
|
|
|
YoY
|
|
ASSETS
|
USD
|
|
NTD
|
%
|
|
NTD
|
%
|
|
NTD
|
%
|
Cash and Cash Equivalents
|
|
3,384
|
102,801
|
23.3
|
72,954
|
17.5
|
29,846
|
40.9
|
Notes & Accounts Receivables
|
1,478
|
44,912
|
10.2
|
37,424
|
9.0
|
7,488
|
20.0
|
Other Current Financial Assets
|
17
|
508
|
0.1
|
1,991
|
0.5
|
(1,482)
|
(74.5)
|
Inventories
|
841
|
25,540
|
5.8
|
27,754
|
6.6
|
(2,214)
|
(8.0)
|
Other Current Assets
|
244
|
|
7,409
|
1.7
|
|
5,300
|
1.3
|
|
2,109
|
39.8
|
Total Current Assets
|
5,963
|
|
181,170
|
41.1
|
|
145,423
|
34.8
|
|
35,747
|
24.6
|
|
|
|
|
|
|
|
|
|
|
|
Long-term Investments
|
318
|
9,657
|
2.2
|
14,528
|
3.5
|
(4,871)
|
(33.5)
|
Net Fixed Assets
|
7,113
|
216,105
|
49.0
|
214,059
|
51.3
|
2,046
|
1.0
|
Other Non-Current Assets
|
1,126
|
|
34,211
|
7.8
|
|
43,375
|
10.4
|
|
(9,164)
|
(21.1)
|
Total Non-Current Assets
|
8,557
|
|
259,973
|
58.9
|
|
271,962
|
65.2
|
|
(11,989)
|
(4.4)
|
|
|
|
|
|
|
|
|
|
|
|
Total
Assets
|
14,521
|
|
441,143
|
100.0
|
|
417,385
|
100.0
|
|
23,758
|
5.7
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Short-term Borrowings
|
|
71
|
2,160
|
0.5
|
1,576
|
0.4
|
584
|
37.1
|
Accounts Payable
|
1,740
|
52,855
|
12.0
|
57,109
|
13.7
|
(4,254)
|
(7.4)
|
Current Installments of Long-term Borrowings
|
555
|
16,872
|
3.8
|
21,093
|
5.1
|
(4,222)
|
(20.0)
|
Current Financial Liabilities
|
8
|
251
|
0.1
|
113
|
0.0
|
138
|
122.8
|
Accrued Expense & Other Current Liabilities
|
1,204
|
36,577
|
8.3
|
31,277
|
7.5
|
5,300
|
16.9
|
Machinery and Equipment Payable
|
314
|
|
9,537
|
2.2
|
|
11,224
|
2.7
|
|
(1,687)
|
(15.0)
|
Total Current Liabilities
|
3,892
|
|
118,252
|
26.8
|
|
122,392
|
29.3
|
|
(4,140)
|
(3.4)
|
|
|
|
|
|
|
|
|
|
|
|
Long-term Borrowings
|
3,478
|
105,676
|
24.0
|
94,670
|
22.7
|
11,006
|
11.6
|
Non-Current Financial Liabilities
|
0
|
0
|
0.0
|
8
|
0.0
|
(8)
|
(100.0)
|
Other Non-Current Liabilities
|
200
|
|
6,071
|
1.4
|
|
9,005
|
2.2
|
|
(2,935)
|
(32.6)
|
Total Non-Current Liabilities
|
3,678
|
|
111,746
|
25.3
|
|
103,683
|
24.8
|
|
8,063
|
7.8
|
|
|
|
|
|
|
|
|
|
|
|
Total Liabilities
|
7,571
|
|
229,998
|
52.1
|
|
226,075
|
54.2
|
|
3,923
|
1.7
|
|
|
|
|
|
|
|
|
EQUITY
|
|
|
|
|
|
|
|
|
|
|
Common Stock
|
|
3,168
|
96,242
|
21.8
|
96,242
|
23.1
|
0
|
0.0
|
Capital Surplus
|
1,976
|
60,022
|
13.6
|
60,428
|
14.5
|
(406)
|
(0.7)
|
Retained Earnings
|
1,256
|
38,160
|
8.7
|
10,988
|
2.6
|
27,172
|
247.3
|
Other Equity
|
(1)
|
(18)
|
0.0
|
3,114
|
0.7
|
(3,132)
|
-
|
Non-Controlling Interests
|
551
|
|
16,738
|
3.8
|
|
20,536
|
4.9
|
|
(3,799)
|
(18.5)
|
Total Equity
|
6,950
|
|
211,145
|
47.9
|
|
191,310
|
45.8
|
|
19,836
|
10.4
|
|
|
|
|
|
|
|
|
Total
Liabilities & Equity
|
14,521
|
|
441,143
|
100.0
|
|
417,385
|
100.0
|
|
23,758
|
5.7
|
Note: (1) Amounts in New Taiwan
dollars were translated into US dollars at the exchange rate of NTD 30.38 per USD as of June 30, 2017
(2) Cash and Cash Equivalents
excluding time deposit with maturity longer than 3 months
AU OPTRONICS CORP. AND SUBSIDIARIES
Consolidated
Condensed Cash Flow Statements
For
the Period Ended June 30, 2017 and 2016
(Expressed
in Millions of New Taiwan Dollars (NTD) and US Dollars (USD))
|
1H
2017
|
|
|
1H 2016
|
|
|
USD
|
|
NTD
|
|
NTD
|
|
Cash Flow from Operating Activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit(Loss) before Income Taxes
|
777
|
|
23,594
|
(5,525)
|
|
Depreciation & Amortization
|
626
|
|
19,017
|
19,774
|
|
Share of Profit of Equity-Accounted Investees
|
(3)
|
|
(88)
|
(160)
|
|
Changes in Working Capital
|
(5)
|
|
(154)
|
2,207
|
|
Changes in Others
|
(15)
|
|
(456)
|
(1,472)
|
|
Net Cash Provided(Used) by Operating Activities
|
1,380
|
|
41,912
|
|
14,824
|
|
|
|
|
|
|
|
Cash Flow from Investing Activities:
|
|
|
|
|
|
|
Acquisition of Property, Plant and Equipment
|
(600)
|
|
(18,216)
|
|
(26,355)
|
|
Proceeds from Disposal of Property, Plant and Equipment
|
17
|
|
504
|
|
207
|
|
Acquisition of Equity-Accounted Investees and Financial Assets Carried at Cost
|
(0)
|
|
(14)
|
|
(67)
|
|
Decrease(Increase) in Other Financial Assets
|
1
|
|
22
|
|
(29)
|
|
Decrease(Increase) in Intangible Assets
|
(6)
|
|
(193)
|
|
(190)
|
|
Decrease(Increase) in Other Assets
|
(13)
|
|
(393)
|
|
(16)
|
|
Net Cash Provided(Used) in Investing Activities
|
(602)
|
|
(18,290)
|
|
(26,450)
|
|
|
|
|
|
|
|
Cash Flow from Financing Activities:
|
|
|
|
|
|
|
Increase(Decrease) in Short-term Borrowings
|
54
|
|
1,634
|
|
(18)
|
|
Increase(Decrease) in Long-term Borrowings
|
(20)
|
|
(599)
|
|
8,100
|
|
Increase(Decrease) in Guarantee Deposits
|
(1)
|
|
(44)
|
|
(23)
|
|
Changes in Non-Controlling Interests and Others
|
0
|
|
11
|
|
(1,625)
|
|
Net Cash Provided(Used) by Financing Activities
|
33
|
|
1,002
|
|
6,435
|
|
|
|
|
|
|
|
Effect of Exchange Rate Changes on Cash
|
(66)
|
|
(2,015)
|
|
(735)
|
|
Net Increase(Decrease) in Cash and Cash Equivalents
|
744
|
|
22,609
|
|
(5,926)
|
|
Cash and Cash Equivalents at Beginning of
Period
|
2,640
|
|
80,191
|
|
78,881
|
|
Cash and Cash Equivalents at End of Period
|
3,384
|
|
102,801
|
|
72,954
|
|
Note: (1) Amounts in New Taiwan dollars were translated into US dollars at the
exchange rate of NTD 30.38 per USD as of June 30, 2017
Item 3
AU Optronics Corp.
July 26,
2017
English Language
Summary
Subject:
To announce the purchase of photovoltaic equipment and construction on behalf of TronGen Power Corporation, a subsidiary of AUO
Regulation:
Published pursuant to Article 4-20 of the Taiwan Stock Exchange's Operating Procedures for the Publication of Material Information
by Listed Companies
Date
of Events: 2017/07/26
Contents:
|
1.
|
Name
and nature of the subject matter (e.g.land located at Sublot XX, Lot XX, North District,
Taichung City): Photovoltaic equipment and construction.
|
|
2.
|
Date
of the occurrence of the event:2017/07/03~2017/07/26
|
|
3.
|
Transaction
volume (e.g.XX square meters, equivalent to XX p'ing),
|
unit
price, total transaction price:
unit
price, total transaction price:NT$326,550 thousand/set and NT$326,550 thousand totally.
|
4.
|
Counterparty
to the trade and its relationship with the company (if the trading counterpart is a natural
person and is not an actual related party of the Company, the name of the trading counterpart
is not required to be disclosed):
|
Counterparty:
AU Optronics Corp.("AUO")
Relationship:
AUO is the parent company of TronGen Power Corp.
|
5.
|
Where
the counterpart to the trade is an actual related party, a public announcement shall
also include 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 the date of acquisition:
|
Reason
for choosing: AUO is well experienced in photovoltaic system construction.
Identity
of the previous owner:N/A
|
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:N/A
|
|
7.
|
Anticipated
loss or profit from the disposal (not applicable in cases of acquisition of assets) (where
originally deferred, the status or recognition shall be stated and explained):N/A
|
|
8.
|
Terms
of delivery or payment (including payment period and monetary amount), restrictive covenants
in the contract, and other important stipulations: Subjet to the contracts
|
|
9.
|
The
manner of deciding on this transaction (such as tender invitation, price comparison,
or price negotiation), the reference basis for the decision on price and the decision-making
department: The Board of Directors to authorize the chairman to decide this transaction.
|
|
10.
|
Name
of the professional appraisal institution and its appraisal amount :N/A
|
|
11.
|
Reason
for any significant discrepancy with the transaction amount, and opinion of the certifying
CPA:N/A
|
|
12.
|
Is
the appraisal report price a limited price or specific price?:N/A
|
|
13.
|
Has
an appraisal report not yet been obtained?:No
|
|
14.
|
Reason
for an appraisal report not been obtained:N/A
|
|
15.
|
Broker
and broker's fee:N/A
|
|
16.
|
Concrete
purpose or use of the acquisition or disposal: To construct photovoltaic system.
|
|
17.
|
Do
the directors have any objection to the present transaction?: N/A
|
|
18.
|
Any
other matters that need to be specified: No
|