Shinfox Energy : The Board resolved to issue new common shares for cash for cash in public offering.

 The Board resolved to issue new common shares for
cash for cash in public offering.

1.Date of the board of directors resolution:2022/03/07
2.Source of capital increase funds:Issuance of new common shares for cash
in public offering
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):
NTD500,000,000
50,000,000 common shares
5.If adopting shelf registration, monetary value and number of shares
to be issued this time:None
6.The remaining monetary value and shares after this issuance when
adopting shelf registration:None
7.Par value per share:NTD10
8.Issue price:The tentative price is NT$84
9.Number of shares subscribed for by or allocated to employees:
According to Article 267 of the Company Law, 10% of the 5,000,000 shares
issued by the company's employees will be subscribed by the company's
employees.
10.Number of shares publicly sold:
In accordance with Article 28-1, Item 2 of the Securities and Exchange Act,
10% of the total amount of ordinary shares issued or 5,000,000 shares shall
be allocated for public underwriting.
11.Ratio of shares subscribed by or allotted as stock dividends to existing
shareholders:
273 shares for every thousand shares,
it shall be subscribed first by the original shareholders of the company in
accordance with the proportion of shares held in the shareholder register
on the date of subscription.
12.Handling method for fractional shares and shares unsubscripted for by
the deadline:
The original shareholders subscribed for less than one odd share
may be processed by the shareholder within five days from the base date of
subscription to the company's stock affairs agency and pooled together,
and the original shareholders, employees, and public disclosure of the odd
shares with less than one share To underwrite the part that has been
abandoned or under-subscribed and has not been declared overdue, the board
of directors authorizes the chairman of the board to contact a specific
person to subscribe for it at the issue price.
13.Rights and obligations of these newly issued shares:
The rights and obligations of this cash increase in issuing
new shares are the same as the original issued ordinary shares.
14.Utilization of the funds from the capital increase:
replenish working capital
15.Any other matters that need to be specified:
(I)After the cash increase is submitted to the competent authority to
declare and take effect, the board of directors authorizes the chairman
of the board to set the base date for subscription, the base date for
capital increase, the payment period for the share payment, and the
handling of matters related to the capital increase.
(II)The cash capital increase plan is related to the
determination of the issuance price and issuance conditions, as well as the
total amount of funds required for the plan, the source of funds, the
project,the progress of the use of funds, the expected benefits and other
related matters, in case of changes in laws, When amendments or adjustments
are required by the competent authority, or in response
to the needs of subjective and objective circumstances,
it is also proposed to authorize the chairman of
the board to carry out the amendments or adjustments.