News Detail

Date/Time
19 May 2020 17:14:00
Headline
Connected Transaction (Add content)
Symbol
HFT
Source
HFT
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3.    Board of Directors Meeting in which the director who has a conflict of 
interests and/or being connected persons having no right to vote at the meeting
have considered and resolved as follows:
1. Approval to pay 2% of the "Duro" brand sales revenue to the brand owner.  
These fee will cover the commission of the sales and trade mark licensing fee.
And replace the current TECHNICAL COOPERTION AGREEMENT (TCA) with a new
technical fee agreement of 1% of sales that gain technical service from the
provider. Effective Date from 1 June 2020. and The Board resolved to authorize
Mr. Chuang, Chih-Yao to sign the contract and in any related actions.
2. The new Technical Service Fee will lead to cancelation of the existing 
TECHNICAL COOPERTION AGREEMENT which agreement between HWA Fong Rubber
(Thailand) Public Company Limited and HWA Fong Rubber Industry Company Limited.
(Compensation under the contract of 200,000. - USD per year). Effective Date
from 1 June 2020. and The Board resolved to authorize Mr. Chuang, Chih-Yao to
sign the contract and in any related actions.
    
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