Announcement on Behalf of the Subsidiary-
FOXWELL ENERGY CORPORATION LTD.,BOD resolved on
earnings distribution to capital increase.
Date of events
2022/03/07
To which item it meets
paragraph 11
Statement
1.Date of the board of directors resolution:2022/03/07
2.Source of capital increase funds:Surplus 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):
NTD100,000,000
10,000,000 common shares
5.If adopting shelf registration, monetary value and number of shares
to be issued this time:None
6.The remaining monetary value and shares after this issuance when
adopting shelf registration:None
7.Par value per share:NTD10
8.Issue price:None
9.Number of shares subscribed for by or allocated to employees:None
10.Number of shares publicly sold:None
11.Ratio of shares subscribed by or allotted as stock dividends to existing
shareholders:33.33 shares allotted for every thousand shares.
12.Handling method for fractional shares and shares unsubscripted for by
the deadline:None
13.Rights and obligations of these newly issued shares:
The rights and obligations of this cash increase in issuing
new shares are the same as the original issued ordinary shares.
14.Utilization of the funds from the capital increase:
increase working capital
15.Any other matters that need to be specified:None
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Shinfox Energy Co. Ltd. published this content on 07 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 March 2022 10:48:05 UTC.
Shinfox Energy Co Ltd is a Taiwan-based company mainly engaged in the provision of energy-related engineering services. The Company provides construction of renewable energy power plants, mechanical and electrical engineering, energy-saving services and equipment installation and other related turnkey projects. Engineering services include feasibility study and planning, engineering design, equipment supply, equipment production, engineering construction, construction supervision, and commissioning. Technical services include the evaluation and planning of the use of energy-saving lamps, frequency conversion technology, network monitoring, and contract power consumption, and the provision of energy-saving and emission-reduction technical services for shopping malls and department stores. The electricity sales service is to supply the produced electricity to various electricity needs, including industrial electricity and residential electricity.