On behalf of WPG subsidiaries announces that Board of Directors approved the issuance of new shares from distributable earnings
2023-06-21
1.Date of the board of directors resolution:2023/06/21
2.Source of capital increase funds:Capital increase by earnings
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)Frontek Technology Corporation:NT$300,000,000 and 30,000,000 shares
(2)Silicon Application Corp.:NT$267,900,000 and 26,790,000 shares
(3)Asian Information Technology Inc.:NT$309,398,000 and 30,939,800 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:N/A
10.Number of shares publicly sold:N/A
11.Ratio of shares subscribed by or allotted as stock dividends to existing
shareholders:
(1)Frontek Technology Corporation:Allot all shares to the sole institutional
shareholder, Asian Information Technology Inc.
(2)Silicon Application Corp.:Allot all shares to the sole institutional
shareholder, WPG Holdings Limited
(3)Asian Information Technology Inc.:Allot all shares to the sole
institutional shareholder, WPG Holdings Limited
12.Handling method for fractional shares and shares unsubscripted for by
the deadline:N/A
13.Rights and obligations of these newly issued shares:
Same as the original common shares
14.Utilization of the funds from the capital increase:
Replenish working capital
15.Any other matters that need to be specified:None