Subject:Announcement that the Company's Board
of Directors resolved to issue new shares through
capital increase from earnings
Date of events
2022/02/23
To which item it meets
paragraph 11
Statement
1.Date of the board of directors resolution:2022/02/23
2.Source of capital increase funds:Distributable earnings
of 2021.
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):
NT$500,000,000 and 500,000,000 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:Par value per share:NT$10
8.Issue price:N/A
9.Number of shares subscribed for by or allocated to employees:N/A
10.Number of shares publicly sold:N/A
11.Ratio of shares subscribed by or allotted as stock dividends to existing
shareholders:250 shares gratuitously allotted
for every thousand shares.
12.Handling method for fractional shares and shares unsubscripted for by
the deadline:If the new shares distributed to shareholders
from this capital increase are less than one full
share, shareholders may consolidate them by handling
respective procedures at the Company's stock transfer
agent, Stock Affairs Department, Taishin Securities Co., Limited
For those shares which cannot be consolidated
within the specified period or still remain
insufficient, cash will be distributed instead
(rounded to the dollar), and the Chairman shall
be authorized to designate specific persons for
purchase of these by cash at par value.
13.Rights and obligations of these newly issued shares:
Rights and obligations of these newly issued shares
are the same as those of the original shares.
14.Utilization of the funds from the capital increase:
To increase working capital.
15.Any other matters that need to be specified:
1.After this capital increase issuance proposal is
approved by the ordinary shareholders' meeting,
the board of directors is authorized to set a
separate capital increase base date.
2.If the above-mentioned matters related to the
capital increase are amended by the competent
authority or changed due to the needs of the
objective environment, the shareholders' meeting
shall authorize the board of directors to handle
them with full authority.
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Shiny Chemical Industrial Co. Ltd. published this content on 23 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 February 2022 09:18:05 UTC.
Shiny Chemical Industrial Co., Ltd. is a Taiwan-based company primarily engaged in the manufacture and sales of chemical solvent series products and the trading of raw chemical materials. The Company's solvent series products include electronic grade solvents, industrial grade solvents and formaldehyde series products. The electronic grade solvents include normal butyl acetate, propylene glycol monomethyl ether and acetone. The industrial grade solvents include normal butyl acetate, shinytate, normal propyl acetate, Ibo-Butyl acetate and others. The formaldehyde series products include formalin, urea glue, melamine glue and others. The Company distributes its products in domestic market and to overseas markets, including Korea, Vietnam, Hong Kong and other areas.
SHINY CHEMICAL INDUSTRIAL CO., LTD. 
