The Board of Directors resolved to issue of new
shares through capitalization of earnings and employee
compensation.
Date of events
2022/03/09
To which item it meets
paragraph 11
Statement
1.Date of the board of directors resolution:2022/03/09
2.Source of capital increase funds:2021 capitalization of earnings and
employee compensation.
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):
Shareholders' stock dividends are in the amount of NT$221,938,630,
totaling 22,193,863 shares.
5.If adopting shelf registration, monetary value and number of shares
to be issued this time:N/A
6.The remaining monetary value and shares after this issuance when
adopting shelf registration:N/A
7.Par value per share:NT$ 10
8.Issue price:N/A
9.Number of shares subscribed for by or allocated to employees:
Employee compensation of NT$20,000,000 will be distributed in shares. Based
on the closing price of NT$72.2 on the day before the resolution was adopted
by the Board of Directors, 277,008 new shares will be issued. The remaining
employee compensation of NT$22, which is less than one share, will be paid
in cash.
10.Number of shares publicly sold:N/A
11.Ratio of shares subscribed by or allotted as stock dividends to existing
shareholders:For every thousand shares issued through the capitalization of
retained earnings, 110 shares will be allotted without consideration.
12.Handling method for fractional shares and shares unsubscripted for by
the deadline:For fractional shares allotted due to the capitalization of
retained earnings, shareholders may apply to the Company's stock affairs
agency to make their fractional shares whole within five days from the book
closure date for ex-rights. After the application, if there are still
fractional shares, they shall, based on the par value, be converted into
cash to the ones place, which shall then be paid to the shareholders. If
there are still any fractional shares, the Chairman is authorized to
negotiate with specific persons to purchase them at the par value.
13.Rights and obligations of these newly issued shares:
It is the same as that of the outstanding shares.
14.Utilization of the funds from the capital increase:
Sound financial and capital structure.
15.Any other matters that need to be specified:None
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Lian Hwa Foods Corporation published this content on 09 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 March 2022 11:11:06 UTC.
Lian Hwa Foods Corporation is a Taiwan-based company principally engaged in the manufacture, processing and distribution of food products. The Companyâs main products include seaweed, squid, noodle, rice grains, legumes, nuts, melon seeds, jam, beverages, candies and biscuits, as well as bento, rice balls, sushi and noodles. The Company provides its products under brands names of Cadina, VIVA, MOTOMOTOYAMA, KOLOKO, PATATA, LUCKY STARS, CHEF HOKA, KGCHECK and others. The Company distributes its products both within domestic market and to overseas markets.
LIAN HWA FOODS CORPORATION 
