Announcement of the company's board of directors
resolution of cash capital increase issue of new shares
Date of events
2022/03/25
To which item it meets
paragraph 11
Statement
1.Date of the board of directors resolution:2022/03/25
2.Source of capital increase funds:Cash capital increase to issue new 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):17,000,000 shares
5.If adopting shelf registration, monetary value and number of shares
to be issued this time:Not applicable
6.The remaining monetary value and shares after this issuance when
adopting shelf registration:Not applicable
7.Par value per share:NT $10
8.Issue price:To authorize the chairperson to determine depending on market
conditions and the rule of "Self-Regulatory Rules of the Taiwan
Securities Association underwriter Member To Assist Issuers in Raising and
Issuing Securities"
9.Number of shares subscribed for by or allocated to employees:
10%(1,700,000 shares)
10.Number of shares publicly sold:10%(1,700,000 shares)
11.Ratio of shares subscribed by or allotted as stock dividends to existing
shareholders:80%(13,600,000 shares)
12.Handling method for fractional shares and shares unsubscripted for by
the deadline:
For the teratomized shares of less than one share, the shareholders shall,
within five days from the date of cessation of transfer, apply to the
company's stock agency for the subscription of a whole share. The original
shareholders and employees who give up subscribing or piecing together the
abnormal shares of less than one share plan to authorize the chairperson
to negotiate with a designated person to subscribe at the issue price.
13.Rights and obligations of these newly issued shares:
The same as the original issued shares
14.Utilization of the funds from the capital increase:To repay bank loans.
15.Any other matters that need to be specified:
(1)After the cash capital increase proposal is submitted for approval by
the competent authority, the chairperson of the board of directors shall
separately set the benchmark date for stock subscription and capital
increase and handle matters related to the capital increase.
(2)Important contents of the cash increase plan, including but not limited
to the determination of the number of shares to be issued, the price and
the terms of the issue of the cash increase plan, as well as the total
amount of funds required for the plan, sources of funds, planned projects,
progress of fund utilization, expected benefits and other relevant matters,
In case of changes in laws and regulations, amendments by competent
authorities,changes in objective circumstances, or in response to the needs
of subjective and objective circumstances, the authorized chairperson shall
have full authority to make amendments or adjustments.
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Giant Manufacturing Co. Ltd. published this content on 25 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 March 2022 08:25:06 UTC.
Giant Manufacturing Co Ltd is a Taiwan-based company principally engaged in the manufacture and distribution of bicycles and related accessories. The Company's bicycle products consist of race bicycles, road bicycles, urban bicycles, mountain bicycles, folding bicycles, touring bicycles, sports bicycles, bicycles for women and children, as well as electric bicycles and others. The Company distributes its products mainly in the Americas, Europe, Asia, Taiwan and other markets.
GIANT MANUFACTURING CO., LTD. 
