:Announcement of important subsidiary YUNG FU, BoD resolution to increase capital by cash

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Provided by: OFCO Industrial Corporation
SEQ_NO	1	Date of announcement	2022/04/11	Time of announcement	19:30:56
Subject	:Announcement of important subsidiary YUNG FU, BoD resolution to increase capital by cash
Date of events	2022/04/11	To which item it meets	paragraph 11
Statement	1.Date of the board of directors resolution:2022/04/11 2.Source of capital increase funds:Capital increase by cash 3.Whether to adopt shelf registration (Yes, please state issuance period/No):N/A 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): NT$100,000,000 or 10,000,000shares. 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 per share 8.Issue price: NT$35 per share. 9.Number of shares subscribed for by or allocated to employees: According to Article 267 of the Company Act, 1,500,000 shares or 15% of the new shares to be issued for capital increase shall be subscribed by the employees of the company. 10.Number of shares publicly sold:N/A 11.Ratio of shares subscribed by or allotted as stock dividends to existing shareholders:8,500,000 shares or 85% of the new shares to be issued shall be subscribed by the original shareholders whose shareholding ratio is recorded in the shareholder register on the subscription base date. 12.Handling method for fractional shares and shares unsubscripted for by the deadline:If the original shareholder subscribes for less than one share("fractional shares"), the shareholder shall go to the company's share affairs office to subscribe for a whole share within five days from the book closure date. If the original shareholders and employees gave up their subscriptions or made up less than one shares, it is proposed to ask person to subscribe at the issue price. 13.Rights and obligations of these newly issued shares: The rights and obligations of the new shares issued by the cash capital increase are the same as those of the original issued ordinary shares. 14.Utilization of the funds from the capital increase: Sufficient working capital. 15.Any other matters that need to be specified:N/A