ASCENT — Investor Presentation 2020

Dec 7, 2020

Chuwa Wool Industry Co., (Taiwan) LTD. (1439TW)

2020 Investor Conference 2020.12.7

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Disclaimer

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• The information contained in this presentation includes materials of the

• company overview, financial figures, future plan and etc.

• No representation or warranty express or implied, is or will be made in or in

• relation to, and no responsibility or liability is or will be accepted by the Company as to, the accuracy or completeness of the information and any liability therefore is hereby expressly disclaimed.

• Future prospects in this presentation reflects the company perspective based on the condition until now. If any change or adjustment of views later in the future, the company undertakes no obligation to update.

1

Chuwa Wool Industry Co., (Taiwan) Ltd.

Table of Contents

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• Company Profile and History

• Operation Overview and Price Trend of Wool in the Last Five Years

• Subsidiaries Chart

• Financial Figures

• Future Plans

Chuwa Wool Industry Co., (Taiwan) Ltd.

2

Com an Profile p y

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• Date of Establishment 1964/10

• Registered Capital

• Chairman

• Main Business

• Date of Listing

TWD 920M

Ho, Chia-Chi

Sales of wool tops, superwash wool tops, superwash loose wool and real estate for lease.

Listed on TWSE in 1989/05 (1439TW).

Chuwa Wool Industry Co., (Taiwan) Ltd.

3

Com an Histor p y y

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• 1964/10 Founding of Chuwa Wool Industry Co., (Taiwan) Ltd.

• ● 1965/04 Manufacturing started.

• 1989/05

• Stock listed in TWSE.

• 2006/04 Shut down all production lines in Lioudu factory.

• 2010/01

Company ' s operation transformed to triangular trade and real estate leasing. Sold Chuwa Wool Building.

● 2018/02 Main shareholder Roo Hsing Co., Ltd. indirectly acquired 53.41% outstanding common shares of Chuwa Wool by acquiring 100% shares of Keen Power Investments Limited (Samoa) and Sparkling Asia Limited (Belize).

• 2018/12

Sold land and factory in Lioudu.

• 2019/12

Main shareholder Hanshin Asset Management Co., Ltd. indirectly acquired 53.41% outstanding common shares of Chuwa Wool by acquiring 100% shares of Roo Hsing Global Co., Ltd.

• 2020/02 Head Office relocated to 19th Floor, No. 557-1, Sec. 4 Zhongxiao East RD., Xinyi Dist., Taipei City.

Chuwa Wool Industry Co., (Taiwan) Ltd.

4

O eration Overview p

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Quantity(Kg) Amount(NT$,000)
300,000 150,000
117,598
220,016
200,000 100,000
148,589
61,822
110,959
51,303
100,000 50,000
62,162
26,480
- -
Wool Top Superwash Top Wool Top Superwash Top
1/1-9/30, 2020 1/1-12/31, 2019 1/1-9/30, 2020 1/1-12/31, 2019
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Chuwa Wool Industry Co., (Taiwan) Ltd.

5

Price Trend of Wool in the Last Five Years

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Australia drought
China-US trade war
COVID19
2016 2017 2018 2019 2020
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Chuwa Wool Industry Co., (Taiwan) Ltd.

6

Subsidiaries Chart

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Chuwa Wool Industry Co., (Taiwan) Ltd.

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Hanshin Shopping
HCW Investment Co., Ltd. Jollify4ever Ltd.
Plaza Co., Ltd.
100.00% 46.83%
20.00%
Hanshin Department
Store Co., Ltd.
9.00%
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Chuwa Wool Industry Co., (Taiwan) Ltd.

7

Financial Fi ures-Profit and Loss g

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	Unit：NTD$,000	Unit：NTD$,000	Unit：NTD$,000	Unit：NTD$,000
	1/1-9/30, 2020		1/1-12/31, 2019
	Amount	%	Amount	%
Operating revenues	89,535	100	173,008	100
Operating costs	90,599	101	172,089	99
Grossprofit	(1,064)	(1)	919	1
Operating expenses	22,468	25	50,551	29
Operating loss	(23,532)	(26)	(49,632)	(28)
Non-operating Income and expenses	24,716	27	1,118,436	646
Income before tax	1,183	1	1,068,804	618
Net income(loss)	(4,400)	(5)	961,983	556
EPS(NTD)	(0.05)		10.46

Chuwa Wool Industry Co., (Taiwan) Ltd.

8

Financial Fi ures-Balance Sheets g

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	Unit：NTD$,000	Unit：NTD$,000	Unit：NTD$,000	Unit：NTD$,000
	2020.9.30		2019.12.31
	Amount	%	Amount	%
Assets	2,310,788	100	2,831,190	100
Current assets	1,468,990	64	2,248,238	79
Non-current assets	841,798	36	582,952	21
Liabilities	14,917	1	19,531	1
Current liabilities	14,484	1	16,357	1
Non-current liabilities	433	0	3,174	0
Equity	2,295,871	99	2,811,659	99
BVPS(NTD)	24.96		30.56

Chuwa Wool Industry Co., (Taiwan) Ltd.

9

Future Plans

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• Due to the spread of COVID-19, which has hit the world and has not been effectively controlled so far, the International Monetary Fund(IMF) stated that the global economy will not fully recover in 2021. IWTO(International Wool Textile Organization) believes that the global wool industry chain still faces huge challenges.

• In addition to maintaining the existing operating foundation, in the future, we will continue to evaluate various investment opportunities and develop towards diversified operations.

Chuwa Wool Industry Co., (Taiwan) Ltd.

10

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Thank You For Your Attention Q&A

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