TECO Electric & Machinery: Announcement that the Board of Directors of the Company has decided to issue new shares by capital increase by incorporation of profits.

Supplied by: TECO ELECTRIC & MACHINERY CO., LTD.

SEQ_NO

4

announcement date

2022/05/30

Announcement time

19:28:05

Matter

 Announcement that the Company's Board of Directors
resolved to issue new shares through the increase of
capital by capitalization of earnings.

Date of events

2022/05/30

What item it responds to

paragraph 11

Statement

1.Date of the board of directors resolution:2022/05/30
2.Source of capital increase funds:Distributable retained earnings
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):
 NT$ 693,297,480， 69,329,748 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:N/A
10.Number of shares publicly sold:N/A
11.Ratio of shares subscribed by or allotted as stock dividends to existing
shareholders:
 For every 1,000 shares, about 135.7 new shares will be issued by earnings.
12.Handling method for fractional shares and shares unsubscripted for by
the deadline:Authorize chairman to contact specific person to subscribe it.
13.Rights and obligations of these newly issued shares:
 Rights and obligations of these newly issued shares are the same as those
 of the original shares, and the new shares issued from capital increase
 adopt non-physical issuance.
14.Utilization of the funds from the capital increase:
 To increase working capital.
15.Any other matters that need to be specified:None