Announces Board resolution on capital
increase through issuance of new shares.
Date of events
2022/06/30
To which item it meets
paragraph 11
Statement
1.Date of the board of directors resolution:2022/06/30
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):
The total amount will be decided on basis of the issue price,issuance of
no more than 40,000 thousand 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:The total amount will be decided on basis of the issue price.
9.Number of shares subscribed for by or allocated to employees:
10% of the total number of newly issued shares will be reserved for
employees' subscription.
10.Number of shares publicly sold:10% of the total number of newly issued
shares are reserved for subscription by the public.
11.Ratio of shares subscribed by or allotted as stock dividends to existing
shareholders:80% of the total number of newly issued shares, subscribed
according to the shareholder's shareholding ratio on the basis of
subscription.
12.Handling method for fractional shares and shares unsubscripted for by
the deadline:The Chair of Board is authorized to handle the negotiation and
settlement of the relevant matters.
13.Rights and obligations of these newly issued shares:
Same as the original issued shares.
14.Utilization of the funds from the capital increase:Subsidiary DONG LIEN
MARITIME S.A.PANAMA, reinvested 100% owned sub-subsidiaries to repay bank
loans.
15.Any other matters that need to be specified:
The Chair of Board is authorized to handle matters not concluded in this
proposal, if any, should it become necessary due to change of objective
environment and etc.
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Shih Wei Navigation Co. Ltd. published this content on 30 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 June 2022 10:01:06 UTC.
SHIH WEI NAVIGATION CO., LTD. is a Taiwan-based company principally engaged in the provision of shipping related services. The Companyâs primary businesses include cargo shipping, shipping transportation, shipping agency, ship management and chartering businesses, as well as the purchasing and sales of ships. The Company mainly operates through two business segments. The Shipping segment is mainly engaged in the shipping and shipping agency businesses. The Tourism segment is mainly engaged in the development of sightseeing leisure hotels. The Company primarily transports cargoes of metal ores, coal, grains, steel, machine components, timbers, boards and other bulk commodities.
SHIH WEI NAVIGATION CO., LTD. 
