Shanghai Commercial & Savings Bank : Announced to apply for issuing NT$2.5 billion Non-Cumulative Perpetual Subordinated Financial Debentures

About this update from Shanghai Commercial & Savings Bank, Ltd.

Close Today's Information Provided by: THE SHANGHAI COMMERCIAL & SAVINGS BANK, LTD. SEQ_NO 1 Date of announcement 2022/08/13 Time of announcement 15:04:57 Subject Announced to apply for issuing NT$2.5 billion Non-Cumulative Perpetual Subordinated Financial Debentures Date of events 2022/08/13 To which item it meets paragraph 11 Statement 1.Date of the board of directors resolution:2022/08/13 2.Name [issue no.__ of (secured, unsecured) corporate bonds of ___________ (company)]:The Shanghai Commercial & Savings Bank Ltd. plan to apply for issuing NT$2.5 billion Non-Cumulative Perpetual subordinated Financial Debentures. 3.Whether to adopt shelf registration (Yes/No):No 4.Total amount issued:NT$2.5 billion 5.Face value per bond:Undecided 6.Issue price:Issue at 100% of the face value. 7.Issuance period:No maturity date 8.Coupon rate:Depending on the level of the market interest rate and the Bank's funding conditions. 9.Types, names, monetary values and stipulations of collaterals:None 10.Use of the funds raised by the offering and utilization plan:In order to meet the mid or long-term funds need, to raise the capital adequacy ratios. 11.Underwriting method:Undecided 12.Trustees of the corporate bonds:Undecided 13.Underwriter or agent:Undecided 14.Guarantor(s) for the issuance:None 15.Agent for payment of the principal and interest:The Shanghai Commercial & Savings Bank Ltd. 16.Certifying institution:None 17.Where convertible into shares, the rules for conversion:None 18.Sell-back conditions:Undecided 19.Buyback conditions:Undecided 20.Reference date for any additional share exchange, stock swap, or subscription:None 21.Possible dilution of equity in case of any additional share exchange, stock swap, or subscription:None 22.Any other matters that need to be specified:None

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