ZongTai Real Estate Development : Board of Directors approved issuance of new shares through cash capital increase.

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Provided by: Zongtai Real Estate Development Co., Ltd
SEQ_NO	4	Date of announcement	2022/03/15	Time of announcement	18:57:16
Subject	Board of Directors approved issuance of new shares through cash capital increase.
Date of events	2022/03/15	To which item it meets	paragraph 11
Statement	1.Date of the board of directors resolution:2022/03/15 2.Source of capital increase funds:Capital increase by cash 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): Monetary value:NT$310,000,000 Number of shares:31,000,000 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:NT$10 8.Issue price: After effective registration with the competent authority, the issue price shall be decided by the Chairman after consulting with underwriter market conditions at time of issue and filed with the securities firm. 9.Number of shares subscribed for by or allocated to employees: 10% of the total issued shares, translating to 3,100,000 shares in total. 10.Number of shares publicly sold:10% of the total issued shares, translating to 3,100,000 shares in total. 11.Ratio of shares subscribed by or allotted as stock dividends to existing shareholders:80% of the total issued common shares, translating to 24,800,000 shares, will be subscribed for by existing shareholders based on the respective shareholding ratio as stated on shareholders' roster on the record date of share subscription. 12.Handling method for fractional shares and shares unsubscripted for by the deadline:The existing shareholders may apply to the stock transfer agent of the Company within 5 days from the date for book closure to combine fractional shares into full shares. When existing shareholders or employees forfeit their subscription rights, their subscription is insufficient, or for fractional shares that fall short of full shares, the Chairman shall be informed, and will contact specific persons for purchase at the issue price. 13.Rights and obligations of these newly issued shares: Rights and obligations of the issued shares are the same as to those of existing shares. 14.Utilization of the funds from the capital increase:To repay bank loans. 15.Any other matters that need to be specified: (1)After an effective registration with the Competent Authority; subscription capital record date,cash capital increase record date and any capital increase other matters related to the are authorized to be executed by the Chairman. (2)The Chairman is authorized to adjust, set, and administer the major contents of the cash capital increase plan, which includes issue shares, issue price, issue conditions, plan of total capital amount, source of capital, plan items, estimated progress and estimated probable effect generated as well as other matters relevant to the issuance of Common shared, according to market conditions. (3)The Chairman will be authorized to set the issue price on the pricing date in accordance with the stipulations of "Self-regulation Measures for Underwriters Providing Guidance to Companies in Raising and Issuing Negotiable Securities". Due to the issue price will fluctuation by marketing. If the raised funds enough, will repay the bank loans. Otherwise, will use private capital.