Announcement on Behalf of Subsidiary HNCB's Board regarding Raising Cash Capital NT$9,108 Million Dollars to Issue New Shares with a Private Placement 


1.Date of the board of directors resolution:2017/07/31
2.Types of the private placement:Common stocks
3.Buyers of the private placement and their relationships with the company:
The subscriber HNFHC holds HNCB 100% common stock interests, and is HNCB's
single shareholder.
4.Number of shares or bonds privately placed:414 million shares
5.Total monetary amount of the private placement:NT $9,108 Million Dollars
6.The pricing basis of private placement and its reasonableness:
The private placement price is based on not only HNCB's book value per share
plus potential appreciation but also referring to HNFHC's market
capitalization and net worth.
7.Use of the funds raised in the private placement:Strengthening the capital.
8.Reasons for conducting non-public offerings:
For maintaining single shareholder structure.
9.Objections or qualified opinions from independent Board of Directors:None
10.Date of pricing:The date will be determined pursuant to the resolution
adopted by the Board of Directors meeting which will be convened after
obtaining FSC, Banking Bureau's approval of this private placement of
common stocks.
11.Recommended price:The net worth per share shown on the financial report
audited or reviewed by a CPA for the period closest to the price
determination date.
12.Shares price, conversion or subscription price:
The price will be effected pursuant to the resolution adopted by the Board of
Directors meeting which will be convened after obtaining FSC, Banking
Bureau's approval of this private placement of common stocks.
13.Rights and obligations of the new private placement shares:
Same as the outstanding common shares, except restrictions on transfers of
privately placed shares specified in Securities and Exchange Act.
14.The record date for share conversion, if conversion, exchange, or
subscription rights are attached:Not applicable
15.Possible dilution of equity, if conversion, exchange, or
subscription rights are attached:Not applicable
16.Possible influence of change in shareholding, if conversion
or subscription rights are fully attached:Not applicable
17.Countermeasures of the aforesaid estimate change in shareholding:
Not applicable
18.Any other matters that need to be specified:None

HUANAN Financial Holdings Co. Ltd. published this content on 31 July 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 07 August 2017 09:09:02 UTC.

Original documenthttp://ir-cloud.com/taiwan/2880/irwebsite/index.php?secmod=announcements&mod=announcedetail&id=700

Public permalinkhttp://www.publicnow.com/view/EFA4368AE8E814BF3BCA732190F8C64E94DA09B0