CyberPower Board of Directors resolved to the
termination of private placement offering approved by
2021 shareholders' meeting
Date of events
2022/03/23
To which item it meets
paragraph 16
Statement
1.Date of the board of directors resolution for the change:2022/03/23
2.Effective registration date of the original plan:2021/08/30
3.Resolution date of additional issuance of the original plan:NA
4.Reason for the change:
(1)The Company's 2021 shareholders meeting authorized the Board of
Directors to introduce strategic investors depending on market conditions
or the Company's operating needs, choosing one or a combination of the
methods of private placement to issue new common shares for cash capital
increase or domestic unsecured convertible bonds.
(2)According to Article 43 6 of the Security and Exchange Act, the private
placement should be conducted within one year after being approved by the
shareholders meeting.However,considering the impending expiration of the
processing period and the current economic situation, it is proposed to
submit to the Board of Directors for approval that the private placement
which would not be continued at the end of the period, and to submit the
report for the 2022 shareholders meeting.
5.Content of each and every successive previously changed plan for raising
of funds before and after change:NA
6.Projected timetable for execution:NA
7.Projected completion date:NA
8.Projected possible benefits:NA
9.Difference from original projected benefits:NA
10.Effect of the current change on shareholder equity:NA
11.Abstract of the original lead underwriter's appraisal opinion:NA
12.Any other matters that need to be specified:None
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CyberPower Systems Inc. published this content on 23 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 March 2022 14:26:02 UTC.
CyberPower Systems, Inc. is a Taiwan-based company principally engaged in the design, manufacture and distribution of uninterruptible power supply (UPS) systems, portable power converters, power protection and management equipment and computer peripherals and related accessories. The Company's products also include solar chargers, electronic alternators, emergency power systems and networked remote power management equipment. The Company distributes its products within domestic market and to overseas markets, including the rest of Asia, the Americas, Europe and Africa.
CYBER POWER SYSTEMS, INC. 