The Board of Directors resolved to stop the issuing of common shares through private placement as passed at the AGM of year 2021
· Issued by Hannstar Display Corp.
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Today's Information
Provided by: Hannstar Display Corp.
SEQ_NO
4
Date of announcement
2022/02/24
Time of announcement
15:29:23
Subject
The Board of Directors resolved to stop the issuing
of common shares through private placement as passed at
the AGM of year 2021
Date of events
2022/02/24
To which item it meets
paragraph 16
Statement
1.Date of the board of directors resolution for the change:2022/02/24
2.Effective registration date of the original plan:NA
3.Resolution date of additional issuance of the original plan:NA
4.Reason for the change:The AGM of July 29, 2021 resolved to issue
300 million common share through private placement for according
to the investing agreement. Based on the limited timing and momentum
of the market, the Company will not execute the project. As of today,
Company has not submit documents to competent authority.
The amount of private placement not fulfilled on the day before the
AGM of year 2022 will be cancelled on the day of the AGM of year 2022.
5.Content of each and every successive previously changed plan for raising
of funds before and after change:NA
6.Projected timetable for execution:NA
7.Projected completion date:NA
8.Projected possible benefits:NA
9.Difference from original projected benefits:NA
10.Effect of the current change on shareholder equity:NA
11.Abstract of the original lead underwriter's appraisal opinion:NA
12.Any other matters that need to be specified:None
