Taichung Commercial Bank: TCB Board of Directors decides to increase the registered capital by recapitalization of profits in 2021.
1.Date of the board of directors resolution:2022/02/24 2.Source of capital increase funds:earning of fiscal year in 2021. 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):NT$2,269,260,280 and 226,926,028 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. 8.Issue price:N/A. 9.Number of shares subscribed for by or allocated to employees:None. 10.Number of shares publicly sold:N/A. 11.Ratio of shares subscribed by or allotted as stock dividends to existing shareholders:50 shares distributed gratis per 1,000 share. 12.Handling method for fractional shares and shares unsubscripted for by the deadline:For any fractional shares which are less than one full share, shareholders could apply for combining the fractional shares into integer within 5 days after the distribution of stock record date. For fractional shares which are not combined within a designate time period or after combined by the shareholders but still unable to compose a whole number of share, the holders will be distributed of cash in a dollar amount calculated at par value. Such remainder fractional shares will be subscribed by designated individuals arranged by the chairman authorized by the Board. 13.Rights and obligations of these newly issued shares:Same as the issued and existing shares. 14.Utilization of the funds from the capital increase:For retaining working capital, strengthening financial position, and rising capital adequacy ratio. 15.Any other matters that need to be specified: (1)If the outstanding shares changed due to recapitalization through offering new common shares, conversion of convertible financial bonds, exercise of employee stock options, and the transactions, conversion, cancelation of treasury stock result in the distributing ratio of stock dividends changed, the final ratio will be determined fully by the Board authorized by Shareholders' Meeting. (2)The ex-rights date will be determined fully by the Board authorized by Shareholders' Meeting after the case is approved by the authorities. (3)If the case needs to be changed by the authorities, it will be determined fully by the Board authorized by Shareholders' Meeting.