Catcher Technology : The Board Of Directors resolution to issue new common shares for cash to sponsor GDR offering and/or issue new common shares for cash in public offering

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Provided by: CATCHER TECHNOLOGY CO., LTD.
SEQ_NO	3	Date of announcement	2022/04/06	Time of announcement	21:19:54
Subject	The Board Of Directors resolution to issue new common shares for cash to sponsor GDR offering and/or issue new common shares for cash in public offering
Date of events	2022/04/06	To which item it meets	paragraph 11
Statement	1.Date of the board of directors resolution:2022/04/06 2.Source of capital increase funds:To participate in GDR issuance or public offering by issuing new common shares. 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):The issue amount will be determined in accordance with the actual issue price and size;the number of shares to be issued shall not exceed 50,000,000 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:NTD 10 8.Issue price:N/A 9.Number of shares subscribed for by or allocated to employees: 10-15% of the total number of new shares will be reserved for the Company's employees for subscription according to Article 267 of the ROC Company Law. The Chairman is authorized to offer the shares which are not subscribed by the employees to specific persons or to include them in the underlying securities for the offering. 10.Number of shares publicly sold:To be determined 11.Ratio of shares subscribed by or allotted as stock dividends to existing shareholders: (1)Issuance of new common shares for cash to sponsor the GDR Offering: Except for 10% -15% of the new common shares shall be allocated for the employees' subscription in accordance with the applicable law, rights to subscribe to the remaining shares shall be waived by the shareholders and such remaining shares should be offered to the public under Article 28-1 of the Securities and Exchange Law as the underlying shares of the global depositary shares to be sold in the DR Offering. (2)It is proposed to authorize the Board to choose either of the following methods to sell the new shares in the public offering through the underwriter(s): a.Except for 10% to 15% of the new shares must be offered to employees in accordance with Article 267, Paragraph I of the Company Law, it is proposed that the pre-emptive rights to subscribe to the remaining shares to be waived by the shareholders in accordance with Article 28-1 of the Securities and Exchange Law and such remaining shares will be offered to the public via book building. b.Except for 10% to 15% of the new shares must be offered to employees in accordance with Article 267, Paragraph I of the Company Law, it is proposed that 10% of the new shares to be sold to the public through the underwriter(s) and the remaining shares will be subscribed to by the existing shareholders of the Company in accordance with their shareholding. 12.Handling method for fractional shares and shares unsubscripted for by the deadline: The unsubscribed portion of the reserved shares for employees is authorized to Chairman to assign specific parties to subscribe or to be participated as the original shares for the GDRs. 13.Rights and obligations of these newly issued shares: Same as those of the common shares issued by the Company. 14.Utilization of the funds from the capital increase: Expand facilities and factories, or purchase equipment and materials, or enrich working capital, or repay bank loans, or re-invest, etc. 15.Any other matters that need to be specified: The Board proposed this proposal for resolution at 2022 Annual Shareholders' Meeting.