Shanghai Commercial & Savings Bank : The board of directors approved capital increase through issuance of common shares

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Provided by: THE SHANGHAI COMMERCIAL & SAVINGS BANK, LTD.
SEQ_NO	1	Date of announcement	2022/08/13	Time of announcement	15:02:08
Subject	The board of directors approved capital increase through issuance of common shares
Date of events	2022/08/13	To which item it meets	paragraph 11
Statement	1.Date of the board of directors resolution:2022/08/13 2.Source of capital increase funds:Through issuance of common shares. 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):380,000,000 common 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:NT$10 8.Issue price:Upon FSC's approval, the actual issue price will be set in accordance with article 6 of "Self-regulation Measures for Underwriters Pvoviding Guidance to Copanies in Raising and Issuing Marketable Securities by Taiwan Securities Association". 9.Number of shares subscribed for by or allocated to employees:57,000,000 shares,15% of the newly issued common shares, subscribed by employees. 10.Number of shares publicly sold:38,000,000 shares,10% of the newly issued common shares, publicly sold. 11.Ratio of shares subscribed by or allotted as stock dividends to existing shareholders:285,000,000 shares, 75% of the newly issued common shares, will be reserved for existing shareholders with the respective ratio as stated on shareholders' roster on the record date of the subscription. 12.Handling method for fractional shares and shares unsubscripted for by the deadline:Authorized the chairman to allocate fractional shares and unsubscribed shares by existing shareholders and employees to specific counterparties. 13.Rights and obligations of these newly issued shares:Rights and obligations of the newly issued shares are equal to existing shares. 14.Utilization of the funds from the capital increase:Enhance capital adequancy and increase operation fund. 15.Any other matters that need to be specified: (1)Under certain circumstances, the Chairman or his proxy is entitled to handle the amendment to the content of application form to FSC,including issue terms, tentative price, use of proceeds and planned schedule, and expected benefits. (2)Upon FSC's approval, other terms such as actual issue price, record date, and payment period will be decided by the board of directors.