Andes Technology: Board of Directors Resolves to Conduct Cash Capital Increase for Common Stock Issuance
Andes Technology's Board of Directors has resolved to issue common shares through a cash capital increase. A maximum of 8.5 million shares will be issued, aiming to raise up to NT$85 million. The funds will be used for R&D expenditures on high-end technologies.
📋 Article Processing Timeline
- 📰 Published: May 11, 2026 at 09:00
- 🔍 Collected: May 12, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 12, 2026 at 18:46 (10h 46m after Collected)
1. Date of Board of Directors resolution: 2026/05/11
2. Source of capital increase funds: Cash capital increase for common stock issuance
3. Whether to adopt a master filing for new share issuance (Yes, please specify the planned issuance period/No): No
4. Total amount and number of shares to be issued (If it is a capital increase from earnings or capital reserves, the number of shares does not include those allocated to employees):
Total number of shares to be issued: Up to 8,500 thousand shares
Total amount to be issued: Total par value up to NT$85,000 thousand
The actual total amount of funds raised will depend on the actual issue price per share.
5. For master filing cases of new share issuance, the amount and number of shares issued this time: Not applicable
6. For master filing cases of 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:
According to Article 6, Paragraph 1 of the "Self-Regulatory Rules for Underwriting Members of the Securities Dealers Association of the Republic of China for Assisting Issuing Companies in Raising and Issuing Securities" (hereinafter referred to as the "Underwriting Self-Regulatory Rules"), the issue price shall not be lower than 70% of the simple arithmetic average of the closing prices of the company's common shares calculated based on one, three, or five business days prior to the ex-rights trading date and the date of filing with the competent authority of the Republic of China, after deducting ex-rights (or capital reduction ex-rights) and ex-dividend. The Chairman is authorized to determine the issue price in consultation with the lead underwriter, taking into account market conditions and in accordance with the Underwriting Self-Regulatory Rules and relevant laws and regulations.
9. Number of shares subscribed by employees or allocated amount:
In accordance with the Company Act, up to 10% of the total new shares issued, totaling 850 thousand shares, will be reserved for subscription by the company's employees.
10. Public offering shares:
Up to 10% of the total new shares issued, totaling 850 thousand shares, will be offered to the public through public subscription.
11. Proportion of subscription by original shareholders or free allocation:
Up to 80% of the total new shares issued, totaling 6,800 thousand shares, will be subscribed by shareholders according to their shareholding ratio recorded in the shareholder register on the record date. If the subscription ratio changes due to capital changes, the Chairman is authorized to handle it at his discretion.
12. Handling of odd lots and unsubscribed shares after the deadline:
Odd lots of less than one share for original shareholders can be combined by shareholders by applying to the company's stock transfer agent within five days from the book closure date. The odd lots that cannot be combined into one share, and the shares that original shareholders and employees waive their subscription rights or subscribe insufficiently, and odd lots that are not combined into one share after the deadline, the Chairman is authorized to negotiate with specific persons for subscription.
13. Rights and obligations of the new shares issued this time: Same as existing common shares
14. Use of funds from this capital increase:
To replenish working capital and meet the funding needs for R&D expenditures on long-term development of high-end technologies.
15. Other matters to be specified:
(1) In response to the rapid changes in the capital market fundraising environment, and to ensure the timeliness of determining issuance conditions and actual issuance operations, the Chairman is authorized to handle all matters related to this cash capital increase and new share issuance, including applying to the competent authority for extension or withdrawal, if there are corrections from the competent authority of the Republic of China, amendments to relevant laws and regulations, changes due to objective circumstances, or other unforeseen circumstances.
(2) After this cash capital increase and new share issuance are approved by the competent authority, the Board of Directors authorizes the Chairman to handle matters such as the record date for subscription, the capital increase record date, and other outstanding matters in accordance with relevant laws and regulations based on actual circumstances.
2. Source of capital increase funds: Cash capital increase for common stock issuance
3. Whether to adopt a master filing for new share issuance (Yes, please specify the planned issuance period/No): No
4. Total amount and number of shares to be issued (If it is a capital increase from earnings or capital reserves, the number of shares does not include those allocated to employees):
Total number of shares to be issued: Up to 8,500 thousand shares
Total amount to be issued: Total par value up to NT$85,000 thousand
The actual total amount of funds raised will depend on the actual issue price per share.
5. For master filing cases of new share issuance, the amount and number of shares issued this time: Not applicable
6. For master filing cases of 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:
According to Article 6, Paragraph 1 of the "Self-Regulatory Rules for Underwriting Members of the Securities Dealers Association of the Republic of China for Assisting Issuing Companies in Raising and Issuing Securities" (hereinafter referred to as the "Underwriting Self-Regulatory Rules"), the issue price shall not be lower than 70% of the simple arithmetic average of the closing prices of the company's common shares calculated based on one, three, or five business days prior to the ex-rights trading date and the date of filing with the competent authority of the Republic of China, after deducting ex-rights (or capital reduction ex-rights) and ex-dividend. The Chairman is authorized to determine the issue price in consultation with the lead underwriter, taking into account market conditions and in accordance with the Underwriting Self-Regulatory Rules and relevant laws and regulations.
9. Number of shares subscribed by employees or allocated amount:
In accordance with the Company Act, up to 10% of the total new shares issued, totaling 850 thousand shares, will be reserved for subscription by the company's employees.
10. Public offering shares:
Up to 10% of the total new shares issued, totaling 850 thousand shares, will be offered to the public through public subscription.
11. Proportion of subscription by original shareholders or free allocation:
Up to 80% of the total new shares issued, totaling 6,800 thousand shares, will be subscribed by shareholders according to their shareholding ratio recorded in the shareholder register on the record date. If the subscription ratio changes due to capital changes, the Chairman is authorized to handle it at his discretion.
12. Handling of odd lots and unsubscribed shares after the deadline:
Odd lots of less than one share for original shareholders can be combined by shareholders by applying to the company's stock transfer agent within five days from the book closure date. The odd lots that cannot be combined into one share, and the shares that original shareholders and employees waive their subscription rights or subscribe insufficiently, and odd lots that are not combined into one share after the deadline, the Chairman is authorized to negotiate with specific persons for subscription.
13. Rights and obligations of the new shares issued this time: Same as existing common shares
14. Use of funds from this capital increase:
To replenish working capital and meet the funding needs for R&D expenditures on long-term development of high-end technologies.
15. Other matters to be specified:
(1) In response to the rapid changes in the capital market fundraising environment, and to ensure the timeliness of determining issuance conditions and actual issuance operations, the Chairman is authorized to handle all matters related to this cash capital increase and new share issuance, including applying to the competent authority for extension or withdrawal, if there are corrections from the competent authority of the Republic of China, amendments to relevant laws and regulations, changes due to objective circumstances, or other unforeseen circumstances.
(2) After this cash capital increase and new share issuance are approved by the competent authority, the Board of Directors authorizes the Chairman to handle matters such as the record date for subscription, the capital increase record date, and other outstanding matters in accordance with relevant laws and regulations based on actual circumstances.