2021/07/20

Announced the Company has amended the commitments made for listing on TPEx

Date of Announcement Time of Announcement Spokesman Title of Spokesman Telephone
2021/07/20 18:27:18 Kim Yu Financial Controller 03-3289289
1.Date of occurrence of the event:2021/07/20
2.Company name:Senao Networks Inc.
3.Relationship to the Company (please enter ”head office” or  ”subsidiaries”):head office
4.Reciprocal shareholding ratios:NA
5.Cause of occurrence:
I. Upon being listed, the Company promised to amend articles below in the Procedures for Acquisition or Disposal of Assets:
   “The Company shall not waive the capital increase in EnGenius Technologies Inc.(“ETI”), Senao International (Samoa) Ltd.(“SISL (Samoa)”), and EnGenius Networks Malaysia SDN. BHD in the coming years; ETI shall not waive the capital increase in EnGenius Technologies Miami, inc. and Supertel Technologies Inc. in the coming years; SISL (Samoa) shall not waive the capital increase in EnGenius International (Samoa) Ltd.(“EISL (Samoa)”) in the coming years; EISL(Samoa) shall not waive the capital increase in EnGenius Networks Singapore Pte Ltd. (“ENSPL”) in the coming years; ENSPL shall not waive the capital increase in EnGenius Networks Europe B.V. in the coming years. If any of said companies has to waive the capital increase in said companies in consideration of strategic alliance or upon approval of the TPEx, it may do so upon special resolution by the Company’s Board of Directors.”Meanwhile, the amendments to said Operating Procedure, if any, shall be disclosed on the MOPS and reported to TPEx in writing.
II. In order to integrate group resources, the Company had dismissed a part of oversea reinvestment companies. According to the instruction of TPEx, the Company had already approved by the special resolution of the Board of Directors to amend the article content in“The Procedure of the Acquisition or Disposition of Assets”, awaiting the approval of 2021 shareholders'meeting.
6.Countermeasures:
 The Company has approved the amendment of the Procedure of the Acquisition
 or Disposition of Assets”as per the shareholders' meeting resolution in July 20, 2021, and the article amend as below: ”The Company shall not waive the capital increase in EnGenius Technologies Inc.(“ETI”), EnGenius International (Samoa) Ltd.(“EISL (Samoa)”) in the coming years; EISL (Samoa) shall not waive the capital increase in EnGenius Networks Singapore Pte Ltd.(“ENSPL”) in the coming years; ENSPL shall not waive the capital increase in EnGenius Networks Europe B.V. in the coming years. If any of said companies has to waive the capital increase in said companies in consideration of strategic alliance or upon approval of the TPEx, it may do so upon special resolution by the Company’s Board of Directors.”
7.Any other matters that need to be specified:None