E-TONE -KY: Board of Directors Resolves to Acquire 100% Equity in Pingood Enterprise and Related Companies
E-TONE -KY's board of directors resolved to acquire 100% equity in Pingood Enterprise and its related companies (Pingood Electronics (Dongguan), Suzhou Pingood Electronics Technology, Pingood (Thailand)) for an enterprise value of approximately NT$2.83 billion. This acquisition aims to strengthen optical communication product design and expand business growth, including in the AI sector.
📋 Article Processing Timeline
- 📰 Published: May 8, 2026 at 09:00
- 🔍 Collected: May 9, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 9, 2026 at 08:48 (48 min after Collected)
1. Name and nature of the target (for preferred shares, issuance conditions such as dividend rate should also be specified):
1. E-TONE Opto Inc., a 100% owned subsidiary of our company, will acquire 100% equity in Pingood Enterprise Co., Ltd.
2. Pinnaclite Technologies, Inc., a 100% owned grandchild company of our company, will acquire 100% equity in Pingood Electronics (Dongguan) Co., Ltd. and Suzhou Pingood Electronics Technology Co., Ltd.
3. PCL Technologies Trading, Inc., a 100% owned subsidiary of our company, and Pinnaclite Technologies, Inc., a 100% owned grandchild company of our company, will jointly acquire 100% equity in Pingood (Thailand) Co., Ltd.
2. Date of occurrence: 115/5/8~115/5/8
3. Date of board of directors' approval: May 8, 2026
4. Other approval dates: Not applicable
5. Transaction volume, unit price, and total transaction amount:
Transaction volume: 100% equity in Pingood Enterprise Co., Ltd., Pingood Electronics (Dongguan) Co., Ltd., Suzhou Pingood Electronics Technology Co., Ltd., and Pingood (Thailand) Co., Ltd.
Total transaction amount: Enterprise value is approximately NT$2.83 billion. The total purchase price will be adjusted and calculated according to the contract based on the cash, liabilities, and net working capital of the relevant target companies on the closing date.
6. Counterparties and their relationship with the company (if the counterparty is a natural person and not a related party of the company, their name may be omitted):
Counterparties: Strategy Co., Ltd., Sino Future Investments Ltd., Foresee Fortune Investment Limited, and other natural person shareholders, all of whom are not related parties of our company.
7. If the counterparty is a related party, the reasons for selecting the related party as the transaction object, the previous owner, the relationship between the previous owner and the company and the counterparty, the previous transfer date, and transfer amount should also be announced:
Not applicable.
8. If the transaction target's owner has been a related party of the company within the past five years, the date of acquisition and disposal by the related party, the price, and the relationship with the company at the time of the transaction should also be announced:
Not applicable.
9. Matters related to the disposal of receivables (including the type of collateral attached to the receivables, and if the disposed receivables belong to related party receivables, the name of the related party and the book value of the related party's receivables disposed of in this transaction must also be announced):
Not applicable.
10. Disposal profit (or loss) (not applicable for acquisition of securities) (for deferred items, a table should be provided explaining the recognition status):
Not applicable.
11. Terms of delivery or payment (including payment period and amount), contractual restrictions, and other important agreements:
Payment of each installment, allocation and adjustment of the price of each target company will be made by cash transfer to the counterparty's designated account in accordance with the share purchase agreement.
12. Method of determining this transaction, reference basis for price determination, and decision-making unit:
Reference basis for price: Expert opinion on price reasonableness issued by a third-party independent accountant.
Decision-making unit: Parent company's audit committee and board of directors.
13. Net value per share of the acquired or disposed securities target company: Not applicable
14. As of now, the cumulative quantity, amount, shareholding ratio, and restrictions on rights (e.g., pledge status) of this transaction's securities (including this transaction):
Cumulative quantity: 100% equity in Pingood Enterprise Co., Ltd., Pingood Electronics (Dongguan) Co., Ltd., Suzhou Pingood Electronics Technology Co., Ltd., and Pingood (Thailand) Co., Ltd.
Cumulative total amount: Enterprise value is approximately NT$2.83 billion. The total purchase price will be adjusted and calculated according to the contract based on the cash, liabilities, and net working capital of the relevant target companies on the closing date.
Restrictions on rights: None.
15. As of now, the proportion of investment in securities listed in Article 3 of the "Regulations Governing the Acquisition or Disposal of Assets by Public Companies" (including this transaction) to the total assets and equity attributable to owners of the parent company in the company's most recent financial report, and the working capital amount in the most recent financial report (Note 2):
Proportion to total assets in the company's most recent financial report: 59.64%.
Proportion to equity attributable to owners of the parent company in the company's most recent financial report: 70.40%.
Working capital in the most recent financial report: NT$1,854,412 thousand.
16. Broker and brokerage fees: Not applicable.
17. Specific purpose or use of acquisition or disposal:
1. To strengthen existing optical communication-related product design and cost structure by entering precision plastic and metal structural components.
2. To enhance business growth synergy, expand product supply and customer base, and seize huge business opportunities in AI and other fields.
3. To optimize flexible layout of production bases and provide comprehensive services to customers at all levels of the supply chain for data centers and other fields.
4. To effectively utilize capital, promote diversified group business and cross-domain R&D technology development, to achieve maximized shareholder returns.
18. Opinions of dissenting directors on this transaction: None.
19. This transaction is a related party transaction: No.
20. Date of approval by supervisor or audit committee: May 8, 2026.
21. Accountant issued an unreasonable opinion on this transaction: No.
22. Accounting firm name: Jiancheng United Certified Public Accountants.
23. Accountant name: Li Ding-An.
24. Accountant's practicing certificate number: Tai Cai Zheng Deng (VI) Zi No. 4113.
25. Does it involve changes in business model: No.
26. Explanation of changes in business model: Not applicable.
27. Transaction status with counterparties in the past year and expected next year: None.
28. Source of funds: Our group's own funds and bank financing.
29. Previously issued significant announcement for the same event.
1. E-TONE Opto Inc., a 100% owned subsidiary of our company, will acquire 100% equity in Pingood Enterprise Co., Ltd.
2. Pinnaclite Technologies, Inc., a 100% owned grandchild company of our company, will acquire 100% equity in Pingood Electronics (Dongguan) Co., Ltd. and Suzhou Pingood Electronics Technology Co., Ltd.
3. PCL Technologies Trading, Inc., a 100% owned subsidiary of our company, and Pinnaclite Technologies, Inc., a 100% owned grandchild company of our company, will jointly acquire 100% equity in Pingood (Thailand) Co., Ltd.
2. Date of occurrence: 115/5/8~115/5/8
3. Date of board of directors' approval: May 8, 2026
4. Other approval dates: Not applicable
5. Transaction volume, unit price, and total transaction amount:
Transaction volume: 100% equity in Pingood Enterprise Co., Ltd., Pingood Electronics (Dongguan) Co., Ltd., Suzhou Pingood Electronics Technology Co., Ltd., and Pingood (Thailand) Co., Ltd.
Total transaction amount: Enterprise value is approximately NT$2.83 billion. The total purchase price will be adjusted and calculated according to the contract based on the cash, liabilities, and net working capital of the relevant target companies on the closing date.
6. Counterparties and their relationship with the company (if the counterparty is a natural person and not a related party of the company, their name may be omitted):
Counterparties: Strategy Co., Ltd., Sino Future Investments Ltd., Foresee Fortune Investment Limited, and other natural person shareholders, all of whom are not related parties of our company.
7. If the counterparty is a related party, the reasons for selecting the related party as the transaction object, the previous owner, the relationship between the previous owner and the company and the counterparty, the previous transfer date, and transfer amount should also be announced:
Not applicable.
8. If the transaction target's owner has been a related party of the company within the past five years, the date of acquisition and disposal by the related party, the price, and the relationship with the company at the time of the transaction should also be announced:
Not applicable.
9. Matters related to the disposal of receivables (including the type of collateral attached to the receivables, and if the disposed receivables belong to related party receivables, the name of the related party and the book value of the related party's receivables disposed of in this transaction must also be announced):
Not applicable.
10. Disposal profit (or loss) (not applicable for acquisition of securities) (for deferred items, a table should be provided explaining the recognition status):
Not applicable.
11. Terms of delivery or payment (including payment period and amount), contractual restrictions, and other important agreements:
Payment of each installment, allocation and adjustment of the price of each target company will be made by cash transfer to the counterparty's designated account in accordance with the share purchase agreement.
12. Method of determining this transaction, reference basis for price determination, and decision-making unit:
Reference basis for price: Expert opinion on price reasonableness issued by a third-party independent accountant.
Decision-making unit: Parent company's audit committee and board of directors.
13. Net value per share of the acquired or disposed securities target company: Not applicable
14. As of now, the cumulative quantity, amount, shareholding ratio, and restrictions on rights (e.g., pledge status) of this transaction's securities (including this transaction):
Cumulative quantity: 100% equity in Pingood Enterprise Co., Ltd., Pingood Electronics (Dongguan) Co., Ltd., Suzhou Pingood Electronics Technology Co., Ltd., and Pingood (Thailand) Co., Ltd.
Cumulative total amount: Enterprise value is approximately NT$2.83 billion. The total purchase price will be adjusted and calculated according to the contract based on the cash, liabilities, and net working capital of the relevant target companies on the closing date.
Restrictions on rights: None.
15. As of now, the proportion of investment in securities listed in Article 3 of the "Regulations Governing the Acquisition or Disposal of Assets by Public Companies" (including this transaction) to the total assets and equity attributable to owners of the parent company in the company's most recent financial report, and the working capital amount in the most recent financial report (Note 2):
Proportion to total assets in the company's most recent financial report: 59.64%.
Proportion to equity attributable to owners of the parent company in the company's most recent financial report: 70.40%.
Working capital in the most recent financial report: NT$1,854,412 thousand.
16. Broker and brokerage fees: Not applicable.
17. Specific purpose or use of acquisition or disposal:
1. To strengthen existing optical communication-related product design and cost structure by entering precision plastic and metal structural components.
2. To enhance business growth synergy, expand product supply and customer base, and seize huge business opportunities in AI and other fields.
3. To optimize flexible layout of production bases and provide comprehensive services to customers at all levels of the supply chain for data centers and other fields.
4. To effectively utilize capital, promote diversified group business and cross-domain R&D technology development, to achieve maximized shareholder returns.
18. Opinions of dissenting directors on this transaction: None.
19. This transaction is a related party transaction: No.
20. Date of approval by supervisor or audit committee: May 8, 2026.
21. Accountant issued an unreasonable opinion on this transaction: No.
22. Accounting firm name: Jiancheng United Certified Public Accountants.
23. Accountant name: Li Ding-An.
24. Accountant's practicing certificate number: Tai Cai Zheng Deng (VI) Zi No. 4113.
25. Does it involve changes in business model: No.
26. Explanation of changes in business model: Not applicable.
27. Transaction status with counterparties in the past year and expected next year: None.
28. Source of funds: Our group's own funds and bank financing.
29. Previously issued significant announcement for the same event.