Taiwan Mobile > Investor Relations > Announcement > Major Board Resolution

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.