Announcement:The board of directors of the
company has resolved to issue ordinary shares through
cash capital increase
Date of events
2022/04/26
To which item it meets
paragraph 11
Statement
1.Date of the board of directors resolution:2022/04/26
2.Source of capital increase funds:Increase cash capital by issuing
common stocks
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):
Up to NT$350,000,000；Up to 35,000,000 shares
5.If adopting shelf registration, monetary value and number of shares
to be issued this time:N/A
6.The remaining monetary value and shares after this issuance when
adopting shelf registration:N/A
7.Par value per share:NT$10 per share
8.Issue price:To be decided.
9.Number of shares subscribed for by or allocated to employees:
According to Article 267 of the Company Act,up to 3,500,000 shares
or 10% of the new shares to be issued for capital increase shall
be subscribed by the employees of the company.
10.Number of shares publicly sold:
According to Article 28-1 of the Company Act,up to 3,500,000 shares or
up to 10% of the new shares are reserved for subscription by the public.
11.Ratio of shares subscribed by or allotted as stock dividends to existing
shareholders:Up to 28,000,000 shares or up to 80% of the new shares to be
issued shallbe subscribed by the original shareholders whose shareholding
ratio is recorded in the shareholder register on the subscription base date.
12.Handling method for fractional shares and shares unsubscripted for by
the deadline:the Board of Director shall authorize the chairman to allocate
specific persons based on the issued share price.
13.Rights and obligations of these newly issued shares:The rights and
obligations of the new shares issued by the cash capital increase are
the same as those of the original issued ordinary shares.
14.Utilization of the funds from the capital increase: To repay loans
and surpport the working capital.
15.Any other matters that need to be specified:To complete the fund raising,
the Chairman or the Chairman's designee is authorized, on behalf of the
Company to adjust, decide and implement, contingent on prevailing market
conditions, the content of the cash capital increase plan (including but not
limiting to the actual issuance price, issuance terms, plan items, target
amount, timetable and estimated benefits, etc.). The Chairman or the
Chairman's designee is also authorized to handle relevant matters in
accordance with laws and regulations if the capital raising plan needs
revision by reason of instructions from competent authorities, operation
evaluation or objective circumstances.
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TSEC Corporation published this content on 26 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 April 2022 09:59:10 UTC.
TSEC ORPORATION is a Taiwan-based company mainly engaged in the manufacture and distribution of solar cells. The Companyâs main products consist of silicon wafer solar cells, monocrystalline silicon, polycrystalline silicon, and others. The Company distributes its products in domestic markets and overseas markets, including Europe, Asia and other areas.
TSEC CORPORATION 
