Chung Hwa Chemical Industrial Works: Board of Directors Approved Issuance of First Domestic Unsecured Convertible Bonds

Statement

1.Date of the board of directors resolution:2022/04/12
2.Name [issue no.__ of (secured, unsecured) corporate bonds of
___________ (company)]:1st issue of domestic unsecured convertible corporate
 bonds of Chung Hwa Chemical Industrial Works, Ltd.
3.Whether to adopt shelf registration (Yes/No):No
4.Total amount issued:The total amount of the Bonds to be issued is capped
 at NT$ 600,000,000.
5.Face value per bond:NT$ 100,000
6.Issue price:100.5%~101% of the face value
7.Issuance period:3 years
8.Coupon rate:0%
9.Types, names, monetary values and stipulations of collaterals:N/A
10.Use of the funds raised by the offering and utilization plan:
 Increasing working capital and repay bank loans.
11.Underwriting method:Inquiry and circle purchase for public sales.
12.Trustees of the corporate bonds:Taipei Fubon Commercial Bank Co., Ltd.
13.Underwriter or agent:Fubon Securities Co. Ltd.
14.Guarantor(s) for the issuance:N/A
15.Agent for payment of the principal and interest:
 SinoPac Securities Co. Ltd.
16.Certifying institution:N/A
17.Where convertible into shares, the rules for conversion:Related rules will
 be formulated in accordance with related laws or regulations, and announced
 upon receiving approval from the competent authority.
18.Sell-back conditions:Related rules will be formulated in accordance with
 related laws or regulations, and announced upon receiving approval from
 the competent authority.
19.Buyback conditions:Related rules will be formulated in accordance with
 related laws or regulations, and announced upon receiving approval from
 the competent authority.
20.Reference date for any additional share exchange, stock swap, or
subscription:Related rules will be formulated in accordance with related laws
 or regulations, and announced upon receiving approval from the competent
 authority.
21.Possible dilution of equity in case of any additional share exchange,
stock swap, or subscription:Related rules will be formulated in accordance
 with related laws or regulations, and announced upon receiving approval
 from the competent authority.
22.Any other matters that need to be specified:
 For main contents of the issuance of this unsecured convertible bonds
 (e.g. source of the fund, issue condition, fund using plan,
 expected progress, anticipated effect) and other relevant issuance
 matters, the company shall fully authorize the Chairman to determine,
 if related law has changed, any amendments are necessary from the
 competent authority or not set forth herein or other factors are
 adjusted due to objective reasons, including applying to the competent
 authority for extension or cancellation.

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