News
OCS Maintenance Vehicle Manufacturing and Supply Procurement Announcement
2018/08/071. Name and nature of the subject matter： Manufacturing and supply of OCS maintenance vehicles.
2. Date of the occurrence of the event：2018/08/07
3. Transaction volume, unit price, total transaction price：
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：
7. Anticipated loss or profit from the disposal ： Not applicable.
8. Terms of delivery or payment, restrictive covenants in the contract, and other important stipulations：
11. Reason for any significant discrepancy with the transaction amount,and opinion of the certifying CPA: Not applicable.
12. Is the appraisal report price a limited price or specific price?： None or not applicable.
13. Has an appraisal report been obtained?：None or not applicable.
14. Reason for an appraisal report not been obtained：Not applicable.
15. Broker and broker’s fee：Not applicable.
16. Concrete purpose or use of the acquisition or disposal: To enhance reliability and on-site maintenance capabilities of maintenance vehicles, thus achieving our goals of autonomous maintenance and localized development and manufacturing of rail transportation.
17. Do the directors have any objection to the present transaction?： None.
18. Any other matters that need to be specified: Approved by the 8th Board of Directors at the 17th Board Meeting held Aug 7, 2018.
2. Date of the occurrence of the event：2018/08/07
3. Transaction volume, unit price, total transaction price：
(1) 8 multi-function vehicles (MV)
(2) 2 catenary stretch (CS) sets, each including a catenary stretch trailer (CST) and a catenary stretch motor (CSM)
(3) Unit price: Not applicable
(4) Total transaction price: 1.232 billion NTD (Tax inclusive)
4. Counterparty to the trade and its relationship with the company ：China Steel Corporation is a legal entity director of THSRC(2) 2 catenary stretch (CS) sets, each including a catenary stretch trailer (CST) and a catenary stretch motor (CSM)
(3) Unit price: Not applicable
(4) Total transaction price: 1.232 billion NTD (Tax inclusive)
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 the related party as trading counterpart: Trading counterpart was selected through an open bidding process where the most favorable bid was chosen. The Procurement Committee scored the basic qualifications, service proposals, and pricing rationale of the corporate bidder, and these scores were then totaled and converted to rankings, with the highest-ranking bidder selected as trading counterpart.
Identity of the previous owner：Not applicable.
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： Not applicable.Identity of the previous owner：Not applicable.
7. Anticipated loss or profit from the disposal ： Not applicable.
8. Terms of delivery or payment, restrictive covenants in the contract, and other important stipulations：
Terms of delivery and payment to be carried out in accordance with relevant contracts;
restrictive covenants in said contracts: none;
other important stipulations： none.
9. The manner of deciding on this transaction, the reference basis for the decision on price and the decision-making department：
restrictive covenants in said contracts: none;
other important stipulations： none.
The manner of deciding on this transaction and the reference basis for the decision on price: Conducted in accordance with THSRC internal procedures for price inquiry, comparison, and negotiation.
Decision-making department： Board of Directors.
10. Name of the professional appraisal institution and its appraisal amount： Not applicable.Decision-making department： Board of Directors.
11. Reason for any significant discrepancy with the transaction amount,and opinion of the certifying CPA: Not applicable.
12. Is the appraisal report price a limited price or specific price?： None or not applicable.
13. Has an appraisal report been obtained?：None or not applicable.
14. Reason for an appraisal report not been obtained：Not applicable.
15. Broker and broker’s fee：Not applicable.
16. Concrete purpose or use of the acquisition or disposal: To enhance reliability and on-site maintenance capabilities of maintenance vehicles, thus achieving our goals of autonomous maintenance and localized development and manufacturing of rail transportation.
17. Do the directors have any objection to the present transaction?： None.
18. Any other matters that need to be specified: Approved by the 8th Board of Directors at the 17th Board Meeting held Aug 7, 2018.