Major Board Resolution
The Board approved to consign its direct store related operation and businesses to TDC (to be established by TWM's 100% owned subsidiary TCC)
1. Date of occurrence of the event: 2013/01/31
2. Date of entering into, amendment, or termination of the contract: Not applicable
3. Cause of the occurrence of the event: To enhance distribution efficiency, the company will consign its direct store related operations and businesses to Taiwan Digital Service Co., Ltd.(TDC), which will be established by Taiwan Cellular Co., Ltd. (TCC), a 100% owned subsidiary of the company within a ceiling of NT$1 bn.
4. Principal content of the original contract (not applicable in cases of entering into a contract): Not applicable
5. Counterparty to the contract: Taiwan Digital Service Co., Ltd.
6. Relationship to the Company: TWM's indirectly 100%-owned subsidiary
7. Starting and ending dates of the contract: Not applicatable
8. Principal content: The company will consign its direct store related operations and businesses to TDC, which will be established by TCC, a 100% owned subsidiary of the company within a ceiling of NT$1 bn.
9. Restrictive covenants: None
10. Projected effect on Company finances and business: To reduce cost and enhance operation efficiency
11. Any other matters that need to be specified: Upon the approval of the shareholders' meeting, the company will enter into an operations contract with TDC.