ShinHsiung Natural Gas : On behalf of the subsidiary Siungwei Investment Company,the board of directors announced capital increase of Shinhsiung Construction Company

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Provided by: SHINHSIUNG NATURAL GAS INC.
SEQ_NO	6	Date of announcement	2022/03/15	Time of announcement	17:35:31
Subject	On behalf of the subsidiary Siungwei Investment Company,the board of directors announced capital increase of Shinhsiung Construction Company
Date of events	2022/03/15	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.): Ordinary shares of Shinhsiung Construction Co., Ltd. 2.Date of occurrence of the event:2022/03/15~2022/03/15 3.Volume, unit price, and total monetary amount of the transaction: Number of transactions：30,000 thousand shares per unit price：NT$10 Total monetary value of transaction：NT$300,000 thousand 4.Trading counterparty and its relationship to 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:Shinhsiung Construction Co., Ltd. Relationship with the company： A 100% subsidiary of Siungwei Investment Co., Ltd. 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 value of transfer:N/A 6.Where an owner of the underlying assets within the past five years has been an 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 to the Company at the time of the transaction:N/A 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:N/A 8.Profit or loss from the disposal (not applicable in cases of acquisition of securities) (where originally deferred, the status of recognition shall be listed and explained):N/A 9.Terms of delivery or payment (including payment period and monetary value), restrictive covenants in the contract, and other important terms and conditions:None. 10.The manner in which the current transaction was decided, the reference basis for the decision on price, and the decision-making unit: The decision method of this transaction: The board of directors of Siungwei Investment Co., Ltd. may decide to increase it in one or several times. Price decision: NT$10 per share, increase the capital of Shinhsiung Construction Industry Co., Ltd. by NT$300,000 thousand 11.Net worth per share of the Company's underlying securities acquired or disposed of:N/A 12.Cumulative no.of shares held (including the current transaction), their monetary value, shareholding percentage, and status of any restriction of rights (e.g., pledges), as of the present moment: Cumulative no.of shares held (including the current transaction)： 69,000 thousand shares Cumulative holding (including the current transaction): 690,000 thousand shareholding percentage：100% holding status of any restriction of rights：no restriction 13.Ratio of securities investment (including the current transaction) to the total assets and shareholder's equity of the parent company on the latest financial statements, and the operating capital on the latest financial statements, as of the present moment: Ratio to total assets:10.7% ratio to shareholder's equity:22.03% Operating Capital:NT$-389,406 thousand 14.Broker and broker's fee:None. 15.Concrete purpose or use of the acquisition or disposal: Sound capital structure 16.Whether the directors expressed any objection to the current transaction:No 17.Whether the counterparty of the current transaction is a related party:Yes. 18.Date of the Board of Directors' resolution:2022/03/15 19.Date of ratification by supervisors or approval by the Audit Committee:NA 20.Whether the CPA issued an opinion on the unreasonableness regarding the current transaction:None. 21.Name of the CPA firm:None. 22.Name of the CPA:None. 23.License no.of the CPA:None. 24.Any other matters that need to be specified:None.