2024-08-02
Announcement on behalf of subsidiary Shin Zu Shing Precision Electron（SUZHOU）Co.,Ltd. that the Board of Directors has approved capital increase by earnings.
1.Date of the board of directors resolution:2024/08/02 2.Source of capital increase funds: From distributable earnings to increase the share capital. 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): Total monetary value of the issuance: USD 20 million Number of the issuance: NA. 5.If adopting shelf registration, monetary value and number of shares to be issued this time:NA 6.The remaining monetary value and shares after this issuance when adopting shelf registration:NA 7.Par value per share:NA 8.Issue price:NA 9.Number of shares subscribed for by or allocated to employees:NA 10.Number of shares publicly sold:NA 11.Ratio of shares subscribed by or allotted as stock dividends to existing shareholders:100% 12.Handling method for fractional shares and shares unsubscripted for by the deadline:NA 13.Rights and obligations of these newly issued shares:NA 14.Utilization of the funds from the capital increase: Funds required for operational expansion and factory expansion 15.Any other matters that need to be specified:None
