[CTCI] The Board of Directors resolved on matters related to the pricing of the first private placement of common shares in 2025 and announced the subscribers.
CTCI's Board of Directors set April 14, 2026, as the pricing date for its first private placement of common shares in 2025. The private placement price was set at NT$35.48 per share, 100% of the reference price. Delta Electronics, Taiwan Union Chemical Corp., Asia Polymer Corporation, and Ta-Ya Electric Wire & Cable Co. will subscribe to a total of 45,099,000 shares. The funds will be used to replenish working capital and meet the group's long-term development needs.
📋 Article Processing Timeline
- 📰 Published: April 14, 2026 at 09:00
- 🔍 Collected: April 15, 2026 at 11:00 (26h 0m after Published)
- 🤖 AI Analyzed: April 15, 2026 at 12:12 (1h 12m after Collected)
1. Date of Board of Directors' resolution: 2026/04/14
2. Type of privately placed securities: Common shares
3. Subscribers and their relationship with the company:
1. The subscribers for this private placement of common shares comply with Article 43-6 of the Securities and Exchange Act and are strategic investors.
2. Confirmed subscribers:
Subscriber Number of shares subscribed
------------------------------------ ------------------
Delta Electronics, Inc. 28,184,000
Taiwan Union Chemical Corp. 4,230,000
Asia Polymer Corporation 4,230,000
Ta-Ya Electric Wire & Cable Co., Ltd. 8,455,000
3. Relationship between subscribers and the company
Relationship between subscribers and their top ten shareholders and the company:
Delta Electronics, Inc. and its top ten shareholders: Not an insider of the company and not a related party
Taiwan Union Chemical Corp. and its top ten shareholders: Not an insider of the company and not a related party
Asia Polymer Corporation and its top ten shareholders: Not an insider of the company and not a related party
Ta-Ya Electric Wire & Cable Co., Ltd. and its top ten shareholders: Not an insider of the company and not a related party
4. Number of privately placed shares or units: 45,099,000 shares.
5. Permissible private placement amount: The company's extraordinary general meeting of shareholders on May 28, 2025, resolved to conduct a private placement of common shares through cash capital increase, with a total private placement amount not exceeding 90,000 thousand shares, and authorized the Board of Directors to carry it out in three installments within one year. The estimated issuance amount for this time is 45,099 thousand shares. The remaining unissued amount will no longer be processed as the deadline is approaching.
6. Basis and reasonableness of private placement price determination:
The pricing date for this private placement is April 14, 2026. According to the calculation standard for the private placement reference price resolved by the company's extraordinary general meeting of shareholders on May 28, 2025, the higher of the following two bases is taken as the reference price:
(1) The simple arithmetic average of the closing prices of common shares calculated on one, three, or five business days before the pricing date, after deducting ex-rights and ex-dividend distributions and adding back ex-capital reduction, are NT$35.15, NT$35.37, and NT$35.48, respectively.
(2) The simple arithmetic average of the closing prices of common shares calculated on the 30 business days before the pricing date, after deducting ex-rights and ex-dividend distributions and adding back ex-capital reduction, is NT$34.10.
The higher of the two, NT$35.48, is taken as the reference price for this private placement, and the private placement price is set at NT$35.48 per share, which is 100% of the reference price, in line with the authorization scope of the shareholders' meeting resolution.
7. Purpose of the funds from this private placement: To replenish working capital to meet the group's long-term development needs.
8. Reasons for not adopting public offering: Considering the introduction of strategic partners for the company's long-term development, equity investment by these subscribers can stabilize and deepen the business relationship between both parties. Furthermore, the transfer of privately placed securities is restricted within three years, which can further ensure the long-term cooperative relationship between these strategic investors and the company.
9. Objections or reservations from independent directors: None
10. Actual pricing date: April 14, 2026
11. Reference price: NT$35.48 per share
12. Actual private placement price, conversion or subscription price: NT$35.48 per share
13. Rights and obligations of the new shares from this private placement: After issuance, in principle, they may not be transferred within three years, except as stipulated in Article 43-8 of the Securities and Exchange Act. After three years from issuance, the company plans to apply to the competent authority for public issuance and listing of these privately placed common shares in accordance with relevant regulations such as the Securities and Exchange Act.
14. For those with conversion, exchange, or subscription rights, the share conversion record date: Not applicable
15. For those with conversion, exchange, or subscription rights, the possible dilution of equity: Not applicable
16. For those with conversion or subscription rights, the possible impact on the proportion of listed common shares after the delivery of private placement corporate bonds and assuming full conversion or subscription of common shares (number of listed common shares A, A/total issued common shares): Not applicable
17. For the preceding item, if the estimated listed common shares are less than 60 million shares and less than 25%, please explain the countermeasures for low equity liquidity: Not applicable
18. Other matters that should be specified:
(1) Payment period for shares: From April 15, 2026, to April 29, 2026
(2) Record date for capital increase and new share issuance: April 29, 2026
(3) If the payment period for shares and the record date for capital increase and new share issuance need to be revised due to legal regulations, requirements from competent authorities, market conditions, objective environmental changes, or other factual needs, the chairman is authorized to adjust the payment period for shares and the record date for capital increase and new share issuance within the statutory 15-day payment deadline.
2. Type of privately placed securities: Common shares
3. Subscribers and their relationship with the company:
1. The subscribers for this private placement of common shares comply with Article 43-6 of the Securities and Exchange Act and are strategic investors.
2. Confirmed subscribers:
Subscriber Number of shares subscribed
------------------------------------ ------------------
Delta Electronics, Inc. 28,184,000
Taiwan Union Chemical Corp. 4,230,000
Asia Polymer Corporation 4,230,000
Ta-Ya Electric Wire & Cable Co., Ltd. 8,455,000
3. Relationship between subscribers and the company
Relationship between subscribers and their top ten shareholders and the company:
Delta Electronics, Inc. and its top ten shareholders: Not an insider of the company and not a related party
Taiwan Union Chemical Corp. and its top ten shareholders: Not an insider of the company and not a related party
Asia Polymer Corporation and its top ten shareholders: Not an insider of the company and not a related party
Ta-Ya Electric Wire & Cable Co., Ltd. and its top ten shareholders: Not an insider of the company and not a related party
4. Number of privately placed shares or units: 45,099,000 shares.
5. Permissible private placement amount: The company's extraordinary general meeting of shareholders on May 28, 2025, resolved to conduct a private placement of common shares through cash capital increase, with a total private placement amount not exceeding 90,000 thousand shares, and authorized the Board of Directors to carry it out in three installments within one year. The estimated issuance amount for this time is 45,099 thousand shares. The remaining unissued amount will no longer be processed as the deadline is approaching.
6. Basis and reasonableness of private placement price determination:
The pricing date for this private placement is April 14, 2026. According to the calculation standard for the private placement reference price resolved by the company's extraordinary general meeting of shareholders on May 28, 2025, the higher of the following two bases is taken as the reference price:
(1) The simple arithmetic average of the closing prices of common shares calculated on one, three, or five business days before the pricing date, after deducting ex-rights and ex-dividend distributions and adding back ex-capital reduction, are NT$35.15, NT$35.37, and NT$35.48, respectively.
(2) The simple arithmetic average of the closing prices of common shares calculated on the 30 business days before the pricing date, after deducting ex-rights and ex-dividend distributions and adding back ex-capital reduction, is NT$34.10.
The higher of the two, NT$35.48, is taken as the reference price for this private placement, and the private placement price is set at NT$35.48 per share, which is 100% of the reference price, in line with the authorization scope of the shareholders' meeting resolution.
7. Purpose of the funds from this private placement: To replenish working capital to meet the group's long-term development needs.
8. Reasons for not adopting public offering: Considering the introduction of strategic partners for the company's long-term development, equity investment by these subscribers can stabilize and deepen the business relationship between both parties. Furthermore, the transfer of privately placed securities is restricted within three years, which can further ensure the long-term cooperative relationship between these strategic investors and the company.
9. Objections or reservations from independent directors: None
10. Actual pricing date: April 14, 2026
11. Reference price: NT$35.48 per share
12. Actual private placement price, conversion or subscription price: NT$35.48 per share
13. Rights and obligations of the new shares from this private placement: After issuance, in principle, they may not be transferred within three years, except as stipulated in Article 43-8 of the Securities and Exchange Act. After three years from issuance, the company plans to apply to the competent authority for public issuance and listing of these privately placed common shares in accordance with relevant regulations such as the Securities and Exchange Act.
14. For those with conversion, exchange, or subscription rights, the share conversion record date: Not applicable
15. For those with conversion, exchange, or subscription rights, the possible dilution of equity: Not applicable
16. For those with conversion or subscription rights, the possible impact on the proportion of listed common shares after the delivery of private placement corporate bonds and assuming full conversion or subscription of common shares (number of listed common shares A, A/total issued common shares): Not applicable
17. For the preceding item, if the estimated listed common shares are less than 60 million shares and less than 25%, please explain the countermeasures for low equity liquidity: Not applicable
18. Other matters that should be specified:
(1) Payment period for shares: From April 15, 2026, to April 29, 2026
(2) Record date for capital increase and new share issuance: April 29, 2026
(3) If the payment period for shares and the record date for capital increase and new share issuance need to be revised due to legal regulations, requirements from competent authorities, market conditions, objective environmental changes, or other factual needs, the chairman is authorized to adjust the payment period for shares and the record date for capital increase and new share issuance within the statutory 15-day payment deadline.