United Renewable Energy : The Board resolved to issue common shares,to issue new shares as a result of cash capital increase for sponsoring issuance of GDR.
The Board resolved to issue common shares,to issue
new shares as a result of cash capital increase for
sponsoring issuance of GDR.
Date of events
2022/03/11
To which item it meets
paragraph 11
Statement
1.Date of the board of directors resolution:2022/03/11
2.Source of capital increase funds:
Issuance of new common shares for cash in public offering,
to issuance of new common shares for cash to sponsor the
GDR Offering.
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 Company proposes to conduct the fund-raising proposal
within the limit of 0.20 billion (200,000,000) new 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:To be determined.
9.Number of shares subscribed for by or allocated to employees:
10%-15% of the new common shares shall be allocated for the
employees'subscription.
10.Number of shares publicly sold:To be determined.
11.Ratio of shares subscribed by or allotted as stock dividends to existing
shareholders:To be determined.
12.Handling method for fractional shares and shares unsubscripted for by
the deadline:
be determined by the Chairman, depending on the market needs,
to be allocated as underlying shares of the global depositary
shares or to be subscribed by the designated person(s).
13.Rights and obligations of these newly issued shares:
The new common shares will have the same rights and obligations as the
Company's existing issued and outstanding common shares.
14.Utilization of the funds from the capital increase:
To enrich working capital, to repay bank loans, to intensify the Company's
financial structure, to purchase material overseas, and to satisfy
the Company's capital requirements for the long-term development.
15.Any other matters that need to be specified:none
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United Renewable Energy Co. Ltd. published this content on 11 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 March 2022 09:55:03 UTC.
United Renewable Energy Co., Ltd., formerly Neo Solar Power Corporation is a Taiwan-based company principally engaged in the manufacture and distribution of solar cells and modules. The Company's main products include mono-crystalline silicon solar cells and multi-crystalline silicon solar cells. Its products are applied in the manufacture of solar thermal heaters, solar battery modules, computers, watches and power generation, among others. The Company distributes its products within domestic market and to overseas markets, including Japan, German, the United States, the United Kingdom and others.
United Renewable Energy : The Board resolved to issue common shares,to issue new shares as a result of cash capital increase for sponsoring issuance of GDR.
UNITED RENEWABLE ENERGY CO., LTD. 
