Point Announces Board Resolution to Conduct Private Placement of Domestic Unsecured Convertible Corporate Bonds
Point's board of directors has resolved to conduct a private placement of domestic unsecured convertible corporate bonds with a total issuance amount of up to NT$600 million. The bonds will have a 5-year term and a 0% interest rate. The funds will be used for acquiring a new factory, easing working capital pressure, and improving the financial structure, targeting strategic investors.
📋 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. Name of Corporate Bond: Second Private Placement Domestic Unsecured Convertible Corporate Bond.
3. Total Issuance Amount: Upper limit of total issuance face value is NT$600 million.
4. Face Value Per Bond: NT$100,000.
5. Issue Price:
(1) The conversion price of this private placement convertible bond shall be determined based on a reference price of not less than 80% of the closing price of common shares on the 1st, 3rd, or 5th trading day prior to the pricing date, adjusted for ex-rights and ex-dividend of stock dividends and capital reduction, or the simple arithmetic average of the closing price of common shares on the 30 trading days prior to the pricing date, adjusted similarly, whichever is higher.
(2) The issue price of this private placement convertible bond shall be determined based on a theoretical price of not less than 80% of the theoretical price and not less than the face value. The theoretical price will be determined by a pricing model that covers and simultaneously considers various rights included in the issuance conditions.
(3) The actual pricing date, actual conversion price, and actual issue price of this private placement convertible bond are proposed to be submitted to the shareholders' meeting. Within the scope of not less than the resolution percentage of the shareholders' meeting, the board of directors will be authorized to set them in accordance with relevant laws and regulations, and based on subsequent negotiations with specific parties and market conditions.
(4) The determination of the conversion price and issue price of this private placement convertible bond shall be in accordance with the laws and regulations announced by the competent authority, taking into account the three-year transfer restriction on privately placed securities under the Securities Transaction Act, the company's operating performance, future outlook, common stock market price, theoretical value, and market practices. The basis for setting the price of the aforementioned private placement convertible bond conforms to the 'Notes on Private Placement of Securities by Publicly Issued Companies' and does not cause significant damage to shareholder rights, thus its determination is considered reasonable.
6. Issuance Period: 5 years.
7. Interest Rate: 0%.
8. Type, Name, Amount, and Agreed Matters of Collateral: Not applicable.
9. Use and Plan for Application of Proceeds: Purchase of new factory, alleviate the company's working capital pressure, and improve the financial structure.
10. Trustee of the Bond: Not applicable.
11. Guarantor: Not applicable.
12. Agent for Principal and Interest Repayment: This Company.
13. Put Option Terms: To be determined.
14. Call Option Terms: To be determined.
15. If convertible, exchangeable, or with subscription rights, the exchange base date: To be determined.
16. If convertible, exchangeable, or with subscription rights, the potential dilution of equity: To be determined.
17. If convertible or with subscription rights, the possible impact on the proportion of listed common shares after the delivery of private placement convertible bonds and assuming full conversion or subscription of common shares (Number of listed common shares A, A/issued common shares): To be determined.
18. If the estimated number of listed common shares in the previous paragraph is less than 60 million shares and less than 25%, please explain the measures to address low liquidity of equity: Not applicable.
19. Other matters to be noted:
(1) The intended subscribers for this private placement convertible bond shall be specific persons who meet the requirements of Article 43-6 of the Securities Transaction Act and the 'Notes on Private Placement of Securities by Publicly Issued Companies' issued by the Financial Supervisory Commission on September 12, 112 (2023), and who can bring benefits to the company's long-term development, competitiveness, and existing shareholder rights.
(2) This private placement convertible bond project has obtained an expert opinion letter from the Industrial Technology Research Institute, and an expert opinion letter on the basis and reasonableness of pricing, as well as the approval letter from the Taiwan Stock Exchange dated March 18, 115 (2026) (Tai Zheng Shang Yi Zi No. 1150003463).
(3) Purpose, necessity, and expected benefits of selecting strategic investors: To meet the needs of the company's operational development, it is planned to seek direct or indirect assistance from strategic investors in finance, business, production, technology, procurement, management, and strategic development, in order to strengthen the company's competitiveness, improve operational efficiency, and achieve long-term development, which should have a positive impact on shareholder rights.
(4) The rights and obligations of common shares after conversion of this private placement convertible bond shall be the same as those of the originally issued common shares.
Keywords: Major Information
2. Name of Corporate Bond: Second Private Placement Domestic Unsecured Convertible Corporate Bond.
3. Total Issuance Amount: Upper limit of total issuance face value is NT$600 million.
4. Face Value Per Bond: NT$100,000.
5. Issue Price:
(1) The conversion price of this private placement convertible bond shall be determined based on a reference price of not less than 80% of the closing price of common shares on the 1st, 3rd, or 5th trading day prior to the pricing date, adjusted for ex-rights and ex-dividend of stock dividends and capital reduction, or the simple arithmetic average of the closing price of common shares on the 30 trading days prior to the pricing date, adjusted similarly, whichever is higher.
(2) The issue price of this private placement convertible bond shall be determined based on a theoretical price of not less than 80% of the theoretical price and not less than the face value. The theoretical price will be determined by a pricing model that covers and simultaneously considers various rights included in the issuance conditions.
(3) The actual pricing date, actual conversion price, and actual issue price of this private placement convertible bond are proposed to be submitted to the shareholders' meeting. Within the scope of not less than the resolution percentage of the shareholders' meeting, the board of directors will be authorized to set them in accordance with relevant laws and regulations, and based on subsequent negotiations with specific parties and market conditions.
(4) The determination of the conversion price and issue price of this private placement convertible bond shall be in accordance with the laws and regulations announced by the competent authority, taking into account the three-year transfer restriction on privately placed securities under the Securities Transaction Act, the company's operating performance, future outlook, common stock market price, theoretical value, and market practices. The basis for setting the price of the aforementioned private placement convertible bond conforms to the 'Notes on Private Placement of Securities by Publicly Issued Companies' and does not cause significant damage to shareholder rights, thus its determination is considered reasonable.
6. Issuance Period: 5 years.
7. Interest Rate: 0%.
8. Type, Name, Amount, and Agreed Matters of Collateral: Not applicable.
9. Use and Plan for Application of Proceeds: Purchase of new factory, alleviate the company's working capital pressure, and improve the financial structure.
10. Trustee of the Bond: Not applicable.
11. Guarantor: Not applicable.
12. Agent for Principal and Interest Repayment: This Company.
13. Put Option Terms: To be determined.
14. Call Option Terms: To be determined.
15. If convertible, exchangeable, or with subscription rights, the exchange base date: To be determined.
16. If convertible, exchangeable, or with subscription rights, the potential dilution of equity: To be determined.
17. If convertible or with subscription rights, the possible impact on the proportion of listed common shares after the delivery of private placement convertible bonds and assuming full conversion or subscription of common shares (Number of listed common shares A, A/issued common shares): To be determined.
18. If the estimated number of listed common shares in the previous paragraph is less than 60 million shares and less than 25%, please explain the measures to address low liquidity of equity: Not applicable.
19. Other matters to be noted:
(1) The intended subscribers for this private placement convertible bond shall be specific persons who meet the requirements of Article 43-6 of the Securities Transaction Act and the 'Notes on Private Placement of Securities by Publicly Issued Companies' issued by the Financial Supervisory Commission on September 12, 112 (2023), and who can bring benefits to the company's long-term development, competitiveness, and existing shareholder rights.
(2) This private placement convertible bond project has obtained an expert opinion letter from the Industrial Technology Research Institute, and an expert opinion letter on the basis and reasonableness of pricing, as well as the approval letter from the Taiwan Stock Exchange dated March 18, 115 (2026) (Tai Zheng Shang Yi Zi No. 1150003463).
(3) Purpose, necessity, and expected benefits of selecting strategic investors: To meet the needs of the company's operational development, it is planned to seek direct or indirect assistance from strategic investors in finance, business, production, technology, procurement, management, and strategic development, in order to strengthen the company's competitiveness, improve operational efficiency, and achieve long-term development, which should have a positive impact on shareholder rights.
(4) The rights and obligations of common shares after conversion of this private placement convertible bond shall be the same as those of the originally issued common shares.
Keywords: Major Information