2024-03-01
Announcement that the SZS’s Board of Directors resolved to conduct issuance of new shares through cash capital increase
1.Date of the board of directors resolution:2024/03/01 2.Source of capital increase funds:Issuance of new common shares for cash capital increase. 3.Whether to adopt shelf registration (Yes, please state issuance period/No): No 4.Total monetary value of the issuance and number of shares issued (shares issued not including those distributed to employees if consisting in capital increase from earnings or capital surplus): (1)Total Face Value of Issuance: NT$80 million. (2)Total number of shares issued: Common stock 8,000,000 shares 5.If adopting shelf registration, monetary value and number of shares to be issued this time:NA 6.The remaining monetary value and shares after this issuance when adopting shelf registration:NA 7.Par value per share:NT$10 8.Issue price: Related rules will be formulated in accordance with related laws or regulations. 9.Number of shares subscribed for by or allocated to employees: 10~15% of the total number of shares issued, totaling 800~1,200 thousand shares. 10.Number of shares publicly sold: 10% of the total number of shares issued, totaling 800 thousand shares. 11.Ratio of shares subscribed by or allotted as stock dividends to existing shareholders: 75~80% of the total number of shares issued, totaling 6,000~6,400 thousand shares. 12.Handling method for fractional shares and shares unsubscripted for by the deadline: If the new shares distributed to shareholders from this capital increase are less than one full share, shareholders may consolidate them by handling respective procedures at the SZS’s stock transfer agent, Stock Affairs Department, Taishin Securities Co., Ltd.. For those shares which cannot be consolidated within the specified period or still remain insufficient, the Chairman shall be authorized to designate specific persons for purchase of these. 13.Rights and obligations of these newly issued shares: Same as the previously issued common shares. 14.Utilization of the funds from the capital increase: Repayment of bank loans and augmentation of working capital. 15.Any other matters that need to be specified: The determination of the issuance price, number of shares, and terms of the current cash capital increase, as well as the total funding required, funding sources, project details, capital utilization progress, anticipated benefits, and other related matters. In the event of changes in laws and regulations, revisions by regulatory authorities, changes in the objective environment, or the need for adjustments in response to changes in the objective environment, the authorization to make such adjustments or revisions is proposed to be granted to the Chairman, who shall have full authority.
