Cathay Consolidated : Announcement for the Company’s Board of Directors’ issue the first domestic Secured Convertible bond (CB).

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Provided by: Cathay Consolidated Inc.
SEQ_NO	6	Date of announcement	2022/02/24	Time of announcement	15:34:25
Subject	Announcement for the Company's Board of Directors' issue the first domestic Secured Convertible bond (CB).
Date of events	2022/02/24	To which item it meets	paragraph 11
Statement	1.Date of the board of directors resolution:2022/02/24 2.Name [issue no.__ of (secured, unsecured) corporate bonds of ___________ (company)]:Issue the first domestic Secured Convertible bonds (CB) of Cathay Consolidated, Inc. 3.Whether to adopt shelf registration (Yes/No):Yes. 4.Total amount issued:NT$200,000,000. 5.Face value per bond:NT$100,000. 6.Issue price:This issuance of domestic secured convertible corporate bonds will be publicly underwritten by bidding auctions or inquiries, and in accordance with Article 8 of the Securities and Exchange Act, no physical bonds will be printed, and listing on the Taiwan Stock Exchange. 7.Issuance period:3 years. 8.Coupon rate:0%. 9.Types, names, monetary values and stipulations of collaterals: bank guarantee. 10.Use of the funds raised by the offering and utilization plan: enrich the working capital 11.Underwriting method: This issuance of domestic secured convertible corporate bonds will be publicly underwritten by bidding auctions or inquiries, and in accordance with Article 8 of the Securities and Exchange Act, no physical bonds will be printed, and listing on the Taiwan Stock Exchange. 12.Trustees of the corporate bonds: Authorize the chairman of the company to sign. 13.Underwriter or agent: Authorize the chairman of the company to sign. 14.Guarantor(s) for the issuance: Authorize the chairman of the company to sign. 15.Agent for payment of the principal and interest:None. 16.Certifying institution:Intangible bond issuance. 17.Where convertible into shares, the rules for conversion: The relevant laws. 18.Sell-back conditions:The relevant laws. 19.Buyback conditions:The relevant laws. 20.Reference date for any additional share exchange, stock swap, or subscription:The relevant laws. 21.Possible dilution of equity in case of any additional share exchange, stock swap, or subscription:The relevant laws. 22.Any other matters that need to be specified: (1)The source of CB, planned projects, estimated progress of capital utilization, estimated potential benefits, and tentative issuance and conversion methods for this issuance of domestic guaranteed convertible corporate bonds are detailed in Annex 8. The actual issuance and conversion methods will be submitted to the competent authority. After approval, it is proposed to authorize the chairman of the company to negotiate with the underwriters according to the prevailing market @conditions. (2)This issuance of domestic secured convertible corporate bonds will be publicly underwritten by bidding auctions or inquiries, and in accordance with Article 8 of the Securities and Exchange Act, no physical bonds will be printed, and listing on the Taiwan Stock Exchange. (3)For the issuance of domestic secured convertible corporate bonds, it is intended to authorize the chairman of the company to sign all contractual documents on the issuance of the first domestic secured convertible corporate bonds on behalf of the company, and to handle relevant issuance matters. (4)Due to the rapid changes in the financing environment of the capital market in order to grasp the timeliness of the issuance conditions and the actual issuance operations, the important contents of the guaranteed convertible corporate bonds this time include the issuance denomination, the amount raised, the issuance and conversion conditions and the issuance price. Determined, as well as the total amount of funds required for this plan, source of funds, planned projects, estimated progress of fund utilization, estimated potential benefits and other related matters, authorize the chairman of the company to handle it with full authority.