2020/04/30

The Company's Board of Directors Approved the Adjustment of Group's Investments Structure

Date of AnnouncementTime of AnnouncementSpokesmanTitle of SpokesmanTelephone
2020/04/3015:36:34Kim YuFinancial Controller03-3289289
  1. Date of occurrence of the event: 2020/04/30

  2. Company name: Senao Networks, Inc

  3. Relationship to the Company (please enter ”head office” or ”subsidiaries”): Head office

  4. Reciprocal shareholding ratios: N/A

  5. Cause of occurrence: To improve management efficiency and simplify group organization

  6. Countermeasures:
    (1)The Company will liquidate its 100% owned offshore Subsidiary-Senao international (Samoa) Ltd
    (2)Senao International (Samoa) Ltd 100% owned Subsidiary- EnGenius International (Samoa) Ltd and EnGenius Technologies Canada Inc, will be owned by the Company

  7. Any other matters that need to be specified:
    (1)This adjustment without change of shareholding ratio, therefore there is no material impact on the Company’s shareholders equity
    (2)The case will be executed after receiving the approval from TPEx