Kuang Sheng Announces Board Resolution to Conduct Cash Capital Increase by Issuing Common Shares for Overseas Depositary Receipt Participation
Kuang Sheng's board of directors has resolved to conduct a cash capital increase by issuing common shares to participate in the issuance of overseas depositary receipts. The company plans to issue no more than 5 million shares to raise funds for long-term strategic development and operational growth.
📋 Article Processing Timeline
- 📰 Published: April 15, 2026 at 09:00
- 🔍 Collected: April 16, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: April 19, 2026 at 01:05 (65h 4m after Collected)
1. Date of Board Resolution: 115/04/15
2. Source of Capital Increase Funds: Cash capital increase by issuing common shares to participate in the issuance of overseas depositary receipts (hereinafter referred to as 'this project').
3. Whether a general filing for new share issuance is adopted (Yes, please specify the planned issuance period / No): No
4. Total amount and number of shares to be issued in the entire project (if it is a retained earnings or capital reserve capital increase, the number of shares issued does not include those distributed to employees):
(1) Total issuance amount: To be determined by the number of shares issued and the actual issue price per share.
(2) Number of shares to be issued: No more than 5,000,000 common shares.
5. For projects adopting general filing for new share issuance, the amount and number of shares issued this time: Not applicable.
6. For projects adopting general filing for new share issuance, the remaining amount and number of shares after this issuance: Not applicable.
7. Par value per share: NT$10.
8. Issue price: To be determined.
9. Number of shares or amount allocated for employee subscription: 10% to 15% of the total number of shares to be issued.
10. Number of shares for public sale: To be determined.
11. Proportion of subscription or gratuitous distribution to existing shareholders: In accordance with Article 267 of the Company Act and Article 7 of the Company's Articles of Incorporation, 10% to 15% of the total number of shares to be issued will be reserved for subscription by company employees. The remaining 85% to 90% will be submitted to the shareholders' meeting for approval, with existing shareholders waiving their pre-emptive rights, and will be fully allocated for public offering through overseas depositary receipts.
12. Handling of fractional shares and shares not subscribed within the deadline: The portion of shares that employees waive subscription for or do not fully subscribe to may be authorized by the Chairman to be subscribed by specific persons at the issue price, or may be included in the existing securities participating in the overseas depositary receipt issuance as market demand dictates.
13. Rights and obligations of new shares issued this time: The same as the already issued common shares.
14. Purpose of capital increase funds: To meet funding needs for future long-term strategic development and operational growth (including but not limited to supplementing working capital, supporting foreign currency raw material purchases, repaying loans, or funding long-term strategic development), and to make fundraising channels more international and diversified.
15. Other matters to be noted: The important contents of this project, including but not limited to the underwriting method, tentative issue price, actual issue price, actual number of shares issued, issue conditions, capital increase base date, project items, amount raised, planned use of funds, expected benefits, and all other matters related to this project. If there are any changes or amendments due to changes in laws and regulations, instructions from the competent authority, or based on operational evaluation and objective market conditions, the Chairman or their designated representative will be fully authorized to handle them. To complete the fundraising plan, it is proposed to request the shareholders' meeting to authorize the Chairman or their designated representative to sign all relevant contracts and documents related to this project on behalf of the company, and to handle all necessary matters. Matters not covered above will be fully handled by the board of directors or the Chairman in accordance with relevant laws and regulations.
Keywords: Major Information
2. Source of Capital Increase Funds: Cash capital increase by issuing common shares to participate in the issuance of overseas depositary receipts (hereinafter referred to as 'this project').
3. Whether a general filing for new share issuance is adopted (Yes, please specify the planned issuance period / No): No
4. Total amount and number of shares to be issued in the entire project (if it is a retained earnings or capital reserve capital increase, the number of shares issued does not include those distributed to employees):
(1) Total issuance amount: To be determined by the number of shares issued and the actual issue price per share.
(2) Number of shares to be issued: No more than 5,000,000 common shares.
5. For projects adopting general filing for new share issuance, the amount and number of shares issued this time: Not applicable.
6. For projects adopting general filing for new share issuance, the remaining amount and number of shares after this issuance: Not applicable.
7. Par value per share: NT$10.
8. Issue price: To be determined.
9. Number of shares or amount allocated for employee subscription: 10% to 15% of the total number of shares to be issued.
10. Number of shares for public sale: To be determined.
11. Proportion of subscription or gratuitous distribution to existing shareholders: In accordance with Article 267 of the Company Act and Article 7 of the Company's Articles of Incorporation, 10% to 15% of the total number of shares to be issued will be reserved for subscription by company employees. The remaining 85% to 90% will be submitted to the shareholders' meeting for approval, with existing shareholders waiving their pre-emptive rights, and will be fully allocated for public offering through overseas depositary receipts.
12. Handling of fractional shares and shares not subscribed within the deadline: The portion of shares that employees waive subscription for or do not fully subscribe to may be authorized by the Chairman to be subscribed by specific persons at the issue price, or may be included in the existing securities participating in the overseas depositary receipt issuance as market demand dictates.
13. Rights and obligations of new shares issued this time: The same as the already issued common shares.
14. Purpose of capital increase funds: To meet funding needs for future long-term strategic development and operational growth (including but not limited to supplementing working capital, supporting foreign currency raw material purchases, repaying loans, or funding long-term strategic development), and to make fundraising channels more international and diversified.
15. Other matters to be noted: The important contents of this project, including but not limited to the underwriting method, tentative issue price, actual issue price, actual number of shares issued, issue conditions, capital increase base date, project items, amount raised, planned use of funds, expected benefits, and all other matters related to this project. If there are any changes or amendments due to changes in laws and regulations, instructions from the competent authority, or based on operational evaluation and objective market conditions, the Chairman or their designated representative will be fully authorized to handle them. To complete the fundraising plan, it is proposed to request the shareholders' meeting to authorize the Chairman or their designated representative to sign all relevant contracts and documents related to this project on behalf of the company, and to handle all necessary matters. Matters not covered above will be fully handled by the board of directors or the Chairman in accordance with relevant laws and regulations.
Keywords: Major Information