Announcement on behalf of major subsidiary Wiwynn International Corporation that the Board of Directors resolved to issue common shares for cash capital increase
· Issued by Wiwynn Corporation
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Provided by: Wiwynn Corporation
SEQ_NO
8
Date of announcement
2022/02/25
Time of announcement
17:45:03
Subject
Announcement on behalf of major subsidiary Wiwynn
International Corporation that the Board of Directors
resolved to issue common shares for cash capital increase
Date of events
2022/02/25
To which item it meets
paragraph 11
Statement
1.Date of the board of directors resolution:2022/02/25
2.Source of capital increase funds:Cash
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):N/A
5.If adopting shelf registration, monetary value and number of shares
to be issued this time:
USD$400,000 thousand,and 400,000 thousand common shares
6.The remaining monetary value and shares after this issuance when
adopting shelf registration:N/A
7.Par value per share:USD$0.01
8.Issue price:USD$1
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:100% subscribed by parent company Wiwynn Corporation
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:
Increasing working capital
15.Any other matters that need to be specified:None
