The Board of Directors resolved to buy back the
Company's common stocks.
Date of events
2022/07/07
To which item it meets
paragraph 35
Statement
1.Date of the board of directors resolution:2022/07/07
2.Purpose of the share repurchase:To maintain the company's credit
and shareholders' equity.
3.Type of shares to be repurchased:Common stocks
4.Ceiling on total monetary amount of the share repurchase (NTD):
NT$30,572,212,403
5.Scheduled period for the repurchase:2022/07/08~2022/09/06
6.No.of shares to be repurchased (shares):10,000,000
7.Repurchase price range (NTD):NT$33.00 to NT$38.00 per share
8.Method for the repurchase:To buy back shares from Taiwan Stock Exchange
9.Shares to be repurchased as a percentage of total issued shares of the
Company (%):0.89%
10.Cumulative no.of the Company's own shares held at the time of reporting
(shares):0
11.Status of repurchases within three years prior to the time of reporting:
20th:10,000,000 shares (Already canceled)
21th:3,000,000 shares(Already transferred)
22th:10,000,000 shares (Already canceled)
12.Status of repurchases that have been reported but not yet completed:
9th and 10th: To achieve the objective of securing shareholders
interests, the announced shares repurchase plan has not been
fully executed.
13.Minutes of the board of directors meeting that resolved for the share
repurchase:
The board of directors resolved to repurchase 10,000,000
shares to maintain the company's credit and
shareholders' right on July.7,2022.
14.The Rules for Transfer of Shares set forth in Article 10 of the
Regulations Governing Share Repurchase by Exchange-Listed and OTC-Listed
Companies:NA
15.The Rules for Conversion of Shares or the Rules for Subscription of
Shares set forth in Article 11 of the Regulations Governing Share Repurchase
by Exchange-Listed and OTC-Listed Companies:NA
16.Declaration that the financial status of the Company has been considered
by the board of directors, and that its capital maintenance will not be
affected:
The stated amount of common shares to be purchased accounts
for 0.89% of the company's total shares. Hereby, the Board of
Directors states that the buyback of these common shares will not
have material impact on maintaining the company's invested capital after
taking into account the company's financial status.
17.Appraisal or opinion by a CPA or securities underwriter about the
reasonableness of the share repurchase price:
The buyback of common shares at the stated amount and in the
stated price range will not have material impact on the company's
financial structure,solvency, profitability and capital adequacy ratio.
18.Other matters stipulated by the SFB:None
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King's Town Bank published this content on 07 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 July 2022 11:13:09 UTC.
King's Town Bank Co Ltd is a Taiwan-based bank principally engaged in financial businesses. The Bank operates through six businesses. Deposit business includes checking deposits, demand deposits, time deposits and consolidated deposits, among others. Loans business includes money lending, bills discounting and the acceptance of commercial drafts, among others. Foreign exchange business includes foreign exchange deposit business, remittance business and foreign currency loans business, among others. Wealth management business includes the provision of financial management services. Trust business includes securities trusts, pre-collection trusts and real estate trusts, among others. Investment business includes the allocation of foreign currency funds, the investment in securities and the issuance of financial bonds, among others.
KING'S TOWN BANK CO., LTD. 
