O Bank : Announcement of Board of Directors' resolution of subsidiary IBT Leasing Co., Ltd. reducing capital by returning assets to O-Bank Co., Ltd.

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Provided by: O-Bank Co., Ltd.
SEQ_NO	4	Date of announcement	2022/07/21	Time of announcement	17:12:58
Subject	Announcement of Board of Directors' resolution of subsidiary IBT Leasing Co., Ltd. reducing capital by returning assets to O-Bank Co., Ltd.
Date of events	2022/07/21	To which item it meets	paragraph 20
Statement	1.Name and nature of the underlying assets (if preferred shares, the terms and conditions of issuance shall also be indicated, e.g., dividend yield, etc.):Common stocks of IBT VII Venture Capital Co., Ltd. ("IBT VII Venture Capital") 2.Date of occurrence of the event:2022/07/21 3.Amount, unit price, and total monetary amount of the transaction: Amount: 65,000,000 shares Unit Price: NT$10.93 per share Total monetary amount: NT$710,613,540 4.Trading counterparty and its relationship with the Company (if the trading counterparty is a natural person and furthermore is not a related party of the Company, the name of the trading counterparty is not required to be disclosed): Trading counterparty:IBT Leasing Co., Ltd. ("IBT Leasing") Relationship:O-Bank Co., Ltd.("O-Bank") is the parent company of IBT Leasing. 5.Where the trading counterparty is a related party, announcement shall also be made of the reason for choosing the related party as trading counterparty and the identity of the previous owner, its relationship with the Company and the trading counterparty, and the previous date and monetary amount of transfer: (1)Reason: capital reduction by returning assets to shareholders (2)Identity of the previous owner, its relationship with the Company and the trading counterparty, and the previous date and monetary amount of transfer: IBT Leasing purchased 65,000,000 shares of common stocks IBT VII Venture Capital for NT$643,000,000 from O-Bank on October 26, 2016. 6.Where an owner of the underlying assets within the past five years has been a related party of the Company, the announcement shall also include the date and price of acquisition and disposal by the related party, and its relationship with the Company at the time of the transaction:NA 7.Matters related to the current disposal of creditors' rights (including types of collaterals of the disposed creditor's rights; if creditor's rights over a related party, announcement shall be made of the name of the related party and the book amount of the creditor's rights, currently being disposed of, over such related party):NA 8.Profit or loss from the disposal (not applicable in cases of acquisition of securities) (those with deferral should provide a table explaining recognition):NA 9.Terms of delivery or payment (including payment period and monetary amount), restrictive covenants in the contract, and other important terms and conditions:O-Bank shall acquire the approval from the competent authority. 10.The manner of deciding on this transaction (such as invitation to tender, price comparison, or price negotiation), the reference basis for the decision on price, and the decision-making unit: (1)The manner of deciding on this transaction：Based on the book value of IBT VII Venture Capital, which is in consistent with the audit report issued by the CPA according to the financial report of IBT VII Venture Capital as of June 30, 2022. (2)The decision-making unit：Board of Directors 11.Net worth per share of the Company's underlying securities acquired or disposed of:NT$10.93 12.Cumulative no.of shares held (including the current transaction), their monetary amount, shareholding percentage, and status of any restriction of rights (e.g., pledges), as of the present moment: (1)Cumulative no. of shares held: 65,000,000 shares (2)Monetary amount: NT$710,613,540 (3)Shareholding percentage: 100% (4)Restriction of rights: None 13.Current ratio of securities investment (including the current trade, as listed in article 3 of Regulations Governing the Acquisition and Disposal of Assets by Public Companies) to the total assets and equity attributable to owners of the parent as shown in the most recent financial statement and working capital as shown in the most recent financial statement as of the present: (1)Current ratio of securities investment to the total assets in the most recent financial statement：0.23% (2)Current ratio of securities investment to the equity attributable to owners of the parent as shown in the most recent consolidated financial statement：1.97% (3)Working capital as shown in the most recent financial statement as of the present: Not applicable. 14.Broker and broker's fee:NA 15.Concrete purpose or use of the acquisition or disposal: IBT Leasing is to reduce capital by returning 65,000,000 shares of common stocks of IBT VII Venture Capital to the parent company, O-Bank. 16.Any dissenting opinions of directors to the present transaction:None 17.Whether the counterparty of the current transaction is a related party:Yes 18.Date of the board of directors resolution:2022/07/21 19.Date of ratification by supervisors or approval by the Audit Committee:2022/07/21 20.Whether the CPA issued an unreasonable opinion regarding the current transaction:No 21.Name of the CPA firm:Reanda M Y Wu & Co., CPAs 22.Name of the CPA:Ming-Yi Wu 23.Practice certificate number of the CPA: Financial Supervisory Commission Certificate No. 1000036796 24.Whether the transaction involved in change of business model:None 25.Details on change of business model:NA 26.Details on transactions with the counterparty for the past year and the expected coming year:NA 27.Source of funds:NA 28.Any other matters that need to be specified: O-Bank shall acquire the approval from the competent authority.