Mercuries Life Insurance : The Board approves capital raising plan through issuance of common shares

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Provided by: Mercuries Life Insurance Co., Ltd.
SEQ_NO	1	Date of announcement	2022/07/14	Time of announcement	15:21:07
Subject	The Board approves capital raising plan through issuance of common shares
Date of events	2022/07/14	To which item it meets	paragraph 11
Statement	1.Date of the board of directors resolution:2022/07/14 2.Source of capital increase funds: Capital raising through issuance of common shares 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): 1,000,000,000 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 8.Issue price:The actual issue price and total amount will be set upon regulators' approval within the indicative range authorized by the Board, and under the agreement between the lead underwriter and the Chairman with the authorization from the Board based on market conditions. 9.Number of shares subscribed for by or allocated to employees: 10% of newly issued common shares, translating to 100,000,000 shares 10.Number of shares publicly sold: 10% of newly issued common shares, translating to 100,000,000 shares 11.Ratio of shares subscribed by or allotted as stock dividends to existing shareholders: 80% of newly issued common shares, translating to 800,000,000 shares 12.Handling method for fractional shares and shares unsubscripted for by the deadline:The Chairman with the authorization from the Board will allocate uncombined shares, fractional shares, or unsubscribed shares by existing shareholders and employees to specific persons at the issue price. 13.Rights and obligations of these newly issued shares: Rights and obligations of the newly issued shares are equal to existing shares. 14.Utilization of the funds from the capital increase:To support business growth, enhance capital structure, and increase capital adequacy ratio. 15.Any other matters that need to be specified: (1)Upon receiving the approval from the competent authority, the Chairman is authorized by the Board to decide issue price within the authorized indicative range, number of shares issued, issue terms, capital raising amount, record date of the subscription of new shares, record date of capital raising, and other related matters of the capital raising plan. (2)The actual issue price of capital raising shall be adjusted due to market conditions, in accordance with Article 6 of "Self-regulation Measures for Under-writers Providing Guidance to Companies in Raising and Issuing Marketable Securities" of the Taiwan Securities Association. (3)If the actual issue price is adjusted resulting from market conditions, the amount of capital utilization plan shall be decreased due to the shortfall of the capital raising, or increased in business growth due to the boost of it.