【Kuang Sheng】Announcement from Kuang Sheng Co., Ltd. Regarding the Exercise of Bond Redemption Right for its Third Domestic Unsecured Convertible Corporate Bonds (Abbr.: Kuang Sheng 3, Code: 64423) and the Termination of OTC Trading on June 24, 2026, and Related Matters.
Kuang Sheng Co., Ltd. announced the exercise of its bond redemption right for the Third Domestic Unsecured Convertible Corporate Bonds (Kuang Sheng 3, code: 64423) and the termination of over-the-counter trading on June 24, 2026. The company will redeem the bonds at 100% of their face value as its common stock price met the specified conditions for early redemption.
📋 Article Processing Timeline
- 📰 Published: April 24, 2026 at 09:00
- 🔍 Collected: April 25, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: April 25, 2026 at 09:07 (1h 7m after Collected)
Content: Handled in accordance with Article 18 of the Kuang Sheng 3 Issuance and Conversion Regulations.
The issuing company will exercise its bond redemption right from May 25, 2026, to June 23, 2026. The redemption price is 100.0000% of the bond's face value.
I. In accordance with Article 18, Paragraph 1 of the Company's "Regulations for the Issuance and Conversion of Third Domestic Unsecured Convertible Corporate Bonds," if the closing price of the Company's common stock continuously exceeds 30% (inclusive) of the conversion price for 30 consecutive business days, the Company may, within 30 business days thereafter, send a "Bond Repurchase Notice" (the aforementioned period shall be calculated from the date the Company sends the notice, and the expiration date of that period shall be the bond repurchase base date; furthermore, the aforementioned period shall not include any suspension of conversion period as per Article 9) via registered mail to bondholders (based on the bondholder roster five business days prior to the date of sending the "Bond Repurchase Notice"; for bondholders who acquire these convertible corporate bonds thereafter due to trading or other reasons, the notice shall be made by public announcement). The redemption price is set at the bond's face value, and all bonds will be repurchased in cash. The Company will also request an announcement from the GreTai Securities Market (櫃買中心).
II. In accordance with Article 18, Paragraph 3 of the Company's "Regulations for the Issuance and Conversion of Third Domestic Unsecured Convertible Corporate Bonds," if bondholders do not reply in writing to the Company's stock transfer agent (effective upon delivery; for postal mail, based on the postmark) before the bond repurchase base date stated in the "Bond Repurchase Notice," the Company will redeem all convertible corporate bonds held by them in cash at the bond's face value within seven business days after the bond repurchase base date.
III. Related matters concerning the exercise of the redemption right and the termination of over-the-counter trading for the Company's Third Domestic Unsecured Convertible Corporate Bonds are as follows:
(1) Date of sending the Bond Repurchase Notice by registered mail: May 25, 2026.
(2) Period for notifying and accepting applications for convertible corporate bond redemption: May 25, 2026, to June 23, 2026.
(3) Bond Repurchase Base Date for convertible corporate bonds: June 23, 2026.
(4) Date of termination of over-the-counter trading for convertible corporate bonds: June 24, 2026.
(5) Bond repurchase payment amount and payment date: Repurchased in cash at the bond's face value, with unified payment to each applicant via bank transfer or mailed check on July 2, 2026. Bank transfer fees (postage) will be directly deducted from the repurchase amount.
IV. Bond Repurchase Procedures and Required Documents
(1) Application form for convertible corporate bond book-entry transfer/redemption/put option (application forms can be obtained from securities firms; specify: redemption, and fill in the holder's bank account number for transfer and affix the seal of the centralized depository account).
(2) Securities passbook: Bondholders should process the bond repurchase procedures with their securities firm. The securities firm will submit the application to Taiwan Depository & Clearing Corporation (hereinafter referred to as "TDCC"). After accepting the application, TDCC will forward it to the Company's stock transfer agent, which will be effective upon delivery and cannot be withdrawn.
(3) Creditors may process the redemption procedures with their securities firm from the business day preceding the bond repurchase notice start date of May 25, 2026 (May 22, 2026) until the business day preceding the expiration date of June 23, 2026 (June 22, 2026).
V. Company's Stock Transfer Agent: Taishin Securities Co., Ltd., Stock Transfer Department (Address: B1, No. 96, Section 1, Jianguo North Road, Taipei City; Phone: 02-25048125).
Warning: Investors are advised that if those who are eligible for conversion do not request conversion in writing by June 25, 2026, the Company will redeem all of their bonds in cash at face value.
The issuing company will exercise its bond redemption right from May 25, 2026, to June 23, 2026. The redemption price is 100.0000% of the bond's face value.
I. In accordance with Article 18, Paragraph 1 of the Company's "Regulations for the Issuance and Conversion of Third Domestic Unsecured Convertible Corporate Bonds," if the closing price of the Company's common stock continuously exceeds 30% (inclusive) of the conversion price for 30 consecutive business days, the Company may, within 30 business days thereafter, send a "Bond Repurchase Notice" (the aforementioned period shall be calculated from the date the Company sends the notice, and the expiration date of that period shall be the bond repurchase base date; furthermore, the aforementioned period shall not include any suspension of conversion period as per Article 9) via registered mail to bondholders (based on the bondholder roster five business days prior to the date of sending the "Bond Repurchase Notice"; for bondholders who acquire these convertible corporate bonds thereafter due to trading or other reasons, the notice shall be made by public announcement). The redemption price is set at the bond's face value, and all bonds will be repurchased in cash. The Company will also request an announcement from the GreTai Securities Market (櫃買中心).
II. In accordance with Article 18, Paragraph 3 of the Company's "Regulations for the Issuance and Conversion of Third Domestic Unsecured Convertible Corporate Bonds," if bondholders do not reply in writing to the Company's stock transfer agent (effective upon delivery; for postal mail, based on the postmark) before the bond repurchase base date stated in the "Bond Repurchase Notice," the Company will redeem all convertible corporate bonds held by them in cash at the bond's face value within seven business days after the bond repurchase base date.
III. Related matters concerning the exercise of the redemption right and the termination of over-the-counter trading for the Company's Third Domestic Unsecured Convertible Corporate Bonds are as follows:
(1) Date of sending the Bond Repurchase Notice by registered mail: May 25, 2026.
(2) Period for notifying and accepting applications for convertible corporate bond redemption: May 25, 2026, to June 23, 2026.
(3) Bond Repurchase Base Date for convertible corporate bonds: June 23, 2026.
(4) Date of termination of over-the-counter trading for convertible corporate bonds: June 24, 2026.
(5) Bond repurchase payment amount and payment date: Repurchased in cash at the bond's face value, with unified payment to each applicant via bank transfer or mailed check on July 2, 2026. Bank transfer fees (postage) will be directly deducted from the repurchase amount.
IV. Bond Repurchase Procedures and Required Documents
(1) Application form for convertible corporate bond book-entry transfer/redemption/put option (application forms can be obtained from securities firms; specify: redemption, and fill in the holder's bank account number for transfer and affix the seal of the centralized depository account).
(2) Securities passbook: Bondholders should process the bond repurchase procedures with their securities firm. The securities firm will submit the application to Taiwan Depository & Clearing Corporation (hereinafter referred to as "TDCC"). After accepting the application, TDCC will forward it to the Company's stock transfer agent, which will be effective upon delivery and cannot be withdrawn.
(3) Creditors may process the redemption procedures with their securities firm from the business day preceding the bond repurchase notice start date of May 25, 2026 (May 22, 2026) until the business day preceding the expiration date of June 23, 2026 (June 22, 2026).
V. Company's Stock Transfer Agent: Taishin Securities Co., Ltd., Stock Transfer Department (Address: B1, No. 96, Section 1, Jianguo North Road, Taipei City; Phone: 02-25048125).
Warning: Investors are advised that if those who are eligible for conversion do not request conversion in writing by June 25, 2026, the Company will redeem all of their bonds in cash at face value.