IBF Financial : The Board of Directors of the Company resolved for a capital increase in cash by issuing common shares.

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Provided by: IBF Financial Holdings Co., Ltd.
SEQ_NO	1	Date of announcement	2022/07/27	Time of announcement	18:38:55
Subject	The Board of Directors of the Company resolved for a capital increase in cash by issuing common shares.
Date of events	2022/07/27	To which item it meets	paragraph 11
Statement	1.Date of the board of directors resolution:2022/07/27 2.Source of capital increase funds:Cash capital increase. 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 depends on the issue price, and tentative number of common shares to be issued is 350,000,000 shares as max. 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: The Chairman was authorized to set the actual issue price per share by reference to the market conditions before issuing, in accordance with the stipulations in Article 6 of the "Self-regulatory Rules for Underwriter Members of the Taiwan Securities Association to Sponsor and Counsel Offering and Issue of Securities by Issuers". 9.Number of shares subscribed for by or allocated to employees: 10% of the total newly issued common shares. 10.Number of shares publicly sold: 10% of the total newly issued common shares. 11.Ratio of shares subscribed by or allotted as stock dividends to existing shareholders:80% of the total newly issued common shares will be subscribed by existing shareholders based on their respective shareholding as registered on shareholders' roster on the record date. 12.Handling method for fractional shares and shares unsubscripted for by the deadline: If the number of shares held by any original shareholder is insufficient to subscribe for one new share in proportion to his/her/its shareholdings, he/she/it may arrange for joint subscription or for merger of subscription(s) by a person. For the subscription less than one share and the subscription of shares waived by original shareholders and employees, the Chairman of the Company was authorized to allocate such shares for subscription by specific persons. 13.Rights and obligations of these newly issued shares: Same as those of the ordinary shares previously issued. 14.Utilization of the funds from the capital increase: Increasing working capital, strengthening capital structure, and fulfilling future investment requirement 15.Any other matters that need to be specified: (1) The important content of the plan for capital increase in cash by issuing ordinary shares such as relevant issuance procedures and issuance operations, including but not limited to the issue price, number of shares to be issued, terms and conditions as well as means of issuance, particulars under the plan, amount of funds to be raised, progress of fund use and expected benefits, engagement of external legal and financial counsel(s), execution and delivery of all relevant documents related to the capital increase in cash by issuance of ordinary shares, application for listing and any other relevant matters, etc., were authorized with full power and discretion to be handled by the Chairman or the agent designated by the Chairman. The same applies if there will be any requirement for adjustment or amendment due to any change of laws and regulations in the future, or request by the competent authority, operational assessment, responding to market conditions or need, objective environmental change or any other factors, the same mentioned above shall apply. (2) If the actual issue price per share for the capital increase in cash by issuance of ordinary shares is adjusted because of the market changes and such adjustment results in insufficiency of funds to be raised, the Company will respond to such shortage by the self-owned fund of the Company or other means for financing; if the fund raised increases, it will be used to fulfill the working capital.