Today's Information

Provided by: SHIH WEI NAVIGATION CO., LTD
SEQ_NO 6 Date of announcement 2022/03/29 Time of announcement 18:17:20
Subject 
 Announced the modification of the utilization
plan for 2021 capital injection by cash offering on
behalf of its subsidiary DONG LIEN
Date of events 2022/03/29 To which item it meets paragraph 16
Statement 
1.Date of the board of directors resolution for the change:2022/03/29
2.Effective registration date of the original plan:2021/09/13
3.Resolution date of additional issuance of the original plan:N/A
4.Reason for the change:In response to the recent drastic changes in the
capital market, the funds raised have been reduced compared with the
original plan. Therefore, in order to retain flexibility in the use of
funds, reduce the company's capital cost and improve shareholders' equity,
the plan for the use of funds has been changed.
5.Content of each and every successive previously changed plan for raising
of funds before and after change:
Before the change: Dong Lien Maritime S.A. Panama issued a total amount
  of approximately NT$1.496 billion in share capital, approximately
  US$53,755 thousand (exchange rate 27.83).
  Dong Lien Maritime S.A. Panama reinvested 100% owned sub-subsidiariesis
  Wise Pescadores S.A. Panama US$8,552 thousand and
  Danceflora Pescadores S.A. Panama US$5,713 thousand to repay bank loans.
After the change: Dong Lien Maritime S.A. Panama issued a total amount
  of approximately NT$1.2 billion in share capital, approximately
  US$43,480 thousand.
  Dong Lien Maritime S.A. Panama reinvested 100% owned sub-subsidiariesis
  Wise Pescadores S.A. Panama US$3,990 thousand and
  Danceflora Pescadores S.A. Panama US$0,a total reduction of US$4,562
  thousand in Wise and US$5,713 thousand in Danceflora, totaling
  US$10,275 thousand to repay bank loans.
6.Projected timetable for execution:2022 Q1
7.Projected completion date:2022 Q1
8.Projected possible benefits:
After this plan change, it will be used to repay the bank loan of the
reinvested company. It is estimated that the reducrion of interest
expenses
9.Difference from original projected benefits:
After this plan change, It is estimated that the reducrion of interest
expenses.
10.Effect of the current change on shareholder equity:
This change to the fundraising plan will reduce interest expenses,but also
strengthen the company's financial structure, which will be positively
beneficial to shareholders' equity.
11.Abstract of the original lead underwriter's appraisal opinion:N/A
12.Any other matters that need to be specified:None

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Shih Wei Navigation Co. Ltd. published this content on 29 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 March 2022 10:27:55 UTC.