Today's Information

Provided by: NEW ADVANCED ELECTRONICS TECHNOLOGIES CO.,LTD
SEQ_NO 5 Date of announcement 2022/03/04 Time of announcement 19:59:39
Subject 
 Announcement for the Board of Directors Resolution
to Approve the cash issuance of new common shares for
book building
Date of events 2022/03/04 To which item it meets paragraph 11
Statement 
1.Date of the board of directors resolution:2022/03/04
2.Source of capital increase funds:
Issue of common stock for cash capital increase
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):
Total monetary value of the issuance: To be announced on pricing date
number of shares issued: no more than 5,000,000 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:To be announced on pricing date
9.Number of shares subscribed for by or allocated to employees:
In accordance with Article 267 of the Company Act, 10%-15% of the shares of
issuance to be issued for the capital increase shall be subscribed by
employees of the company.
10.Number of shares publicly sold:
85%-90% of total amount of shares issued shall be requested by the
shareholders' regular meeting to agree to make full allocations for public
underwriting by the way of book building in accordance with Article 28-1 of
the Securities and Exchange Act.
11.Ratio of shares subscribed by or allotted as stock
dividends to existing shareholders:
Pursuant to Article 28-1 of Securities and Exchange Act, Shares unsubscribed
by existing shareholders.
12.Handling method for fractional shares and shares
unsubscripted for by the deadline:
If employees of the company give up the rights of subscription or are
undersubscribed, the shareholders' regular meeting shall authorize the
chairman of the board to allocate remaining shares to specific people to
subscribe.
13.Rights and obligations of these newly issued shares:
Same as the original issued ordinary shares.
14.Utilization of the funds from the capital increase:
Enhancing working capital and repaying bank borrowings.
15.Any other matters that need to be specified:
(1) The important contents of this cash capital increase plan including
underwriting method, issue price, actual number of shares to be issued,
issuance conditions, raised amount, planned items, scheduled progress and
expected benefits, etc. shall be proposed to authorize the board of
directors to deal with if those contents are revised by the competent
authority or responded to objective environment changes.
(2) After this cash capital increase proposal is approved by the
shareholders' regular meeting, it shall be proposed to request the meeting
to authorize the board of directors to set the payment period, base date
for capital increase and all other related matters after approval by
competent authority.
(3) For matters not mentioned above, it is proposed to request the
shareholders' meeting to authorize the board of directors to deal with them
in accordance with the law.

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New Advanced Electronics Technologies Co. Ltd. published this content on 04 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 March 2022 12:05:05 UTC.