[Taishuo] Announcement of Board Resolution to Conduct Cash Increase and Issue Common Shares Through Private Placement
Taishuo's Board of Directors has resolved to conduct a cash increase and issue common shares through private placement, with an issuance not exceeding 15 million shares, to be carried out in one to four tranches within one year. This aims to supplement working capital, facilitate technical cooperation or strategic alliances, and meet capital expenditure needs for long-term development.
📋 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 00:58 (64h 58m after Collected)
1. Board Resolution Date: 115/04/15
2. Type of Securities to be Privately Placed: Common Shares
3. Private Placement Target and Relationship with the Company:
(1) The private placement target shall be limited to specific persons who meet the requirements of Article 43-6 of the Securities Transaction Act and relevant directives.
(2) The company has not yet identified specific individuals. The selection of these individuals will prioritize those who can directly or indirectly benefit the company's future operations. Matters related to identifying specific individuals will be submitted to the Board of Directors and Shareholders' Meeting for authorization.
4. Number of Shares or Lots to be Privately Placed: Within the limit of a total of no more than 15,000 thousand shares.
5. Available Private Placement Quota:
Within the limit of a total of no more than 15,000 thousand shares, to be conducted in one to four tranches within one year from the date of the Shareholders' Meeting resolution.
6. Basis and Reasonableness of Private Placement Price Determination:
(1) The determination of the private placement price shall not be lower than 80% of the reference price and not lower than the par value of the stock. The actual private placement price and pricing date will be determined by the Board of Directors, based on market conditions and objective factors at the time, in compliance with legal requirements and within the range authorized by the Shareholders' Meeting.
(2) The reference price for the private placement of common shares shall be the higher of the following two bases:
A. The simple arithmetic average of the closing prices of common shares for one, three, or five business days prior to the pricing date, adjusted for ex-dividend/ex-rights for stock dividends and capital reduction, and then adjusted back for ex-rights after capital reduction.
B. The simple arithmetic average of the closing prices of common shares for 30 business days prior to the pricing date, adjusted for ex-dividend/ex-rights for stock dividends and capital reduction, and then adjusted back for ex-rights after capital reduction.
(3) Reasonableness of Pricing:
The determination of the issuance conditions for privately placed securities, in addition to considering the three-year transfer restriction and strict qualification requirements for subscribers as stipulated by the Securities Transaction Act, complies with the "Notes for Publicly Offered Companies Handling Private Placement of Securities" and similar regulations. Therefore, it is not expected to cause significant damage to shareholder equity, and the pricing principle should be reasonable.
7. Purpose of Private Placement Funds:
Including but not limited to supplementing working capital, engaging in technical cooperation or strategic alliances with domestic and foreign related parties, or meeting capital expenditure needs for the company's long-term development.
8. Reason for Not Adopting Public Offering:
Considering the timeliness, feasibility, issuance costs, capital market uncertainties, and the three-year restriction on free transfer of privately placed shares, this method can strengthen closer long-term cooperative relationships with strategic partners, thus the company plans to conduct a cash increase through private placement of new shares.
9. Dissenting or Reserved Opinions of Independent Directors: None.
10. Actual Pricing Date: Not applicable.
11. Reference Price: Not applicable.
12. Actual Private Placement Price, Conversion or Subscription Price: Not applicable.
13. Rights and Obligations of Privately Placed New Shares:
The restrictions related to the privately placed securities shall comply with Article 43-8 of the Securities Transaction Act and relevant directives from the competent authority. The rights and obligations of the privately placed common shares shall be the same as the original common shares.
14. For those with conversion, exchange, or subscription rights, the exchange base date: Not applicable.
15. For those with conversion, exchange, or subscription rights, potential dilution of equity: Not applicable.
16. For those with conversion or subscription rights, if the estimated listed common shares after full conversion or subscription are less than 60 million shares and less than 25%, please explain the measures to address low equity liquidity: Not applicable.
17. Other Matters to be Notified:
(1) Key contents of this private placement case, including the actual placement amount, actual placement price, selection of subscribers, issuance conditions, planned projects, fund utilization progress, expected benefits, and other unaddressed matters, will be submitted to the Shareholders' Meeting for authorization of the Board of Directors to adjust and handle them according to market conditions. If amendments are required due to revision by the competent authority or changes in objective circumstances, the Board of Directors will also be authorized to handle them in accordance with relevant laws and regulations.
(2) It is proposed that the Shareholders' Meeting authorize the Chairman or their designee to represent the company in negotiating and signing all contracts and documents related to the private placement of common shares, and to handle all matters necessary for the company's private placement of common shares.
2. Type of Securities to be Privately Placed: Common Shares
3. Private Placement Target and Relationship with the Company:
(1) The private placement target shall be limited to specific persons who meet the requirements of Article 43-6 of the Securities Transaction Act and relevant directives.
(2) The company has not yet identified specific individuals. The selection of these individuals will prioritize those who can directly or indirectly benefit the company's future operations. Matters related to identifying specific individuals will be submitted to the Board of Directors and Shareholders' Meeting for authorization.
4. Number of Shares or Lots to be Privately Placed: Within the limit of a total of no more than 15,000 thousand shares.
5. Available Private Placement Quota:
Within the limit of a total of no more than 15,000 thousand shares, to be conducted in one to four tranches within one year from the date of the Shareholders' Meeting resolution.
6. Basis and Reasonableness of Private Placement Price Determination:
(1) The determination of the private placement price shall not be lower than 80% of the reference price and not lower than the par value of the stock. The actual private placement price and pricing date will be determined by the Board of Directors, based on market conditions and objective factors at the time, in compliance with legal requirements and within the range authorized by the Shareholders' Meeting.
(2) The reference price for the private placement of common shares shall be the higher of the following two bases:
A. The simple arithmetic average of the closing prices of common shares for one, three, or five business days prior to the pricing date, adjusted for ex-dividend/ex-rights for stock dividends and capital reduction, and then adjusted back for ex-rights after capital reduction.
B. The simple arithmetic average of the closing prices of common shares for 30 business days prior to the pricing date, adjusted for ex-dividend/ex-rights for stock dividends and capital reduction, and then adjusted back for ex-rights after capital reduction.
(3) Reasonableness of Pricing:
The determination of the issuance conditions for privately placed securities, in addition to considering the three-year transfer restriction and strict qualification requirements for subscribers as stipulated by the Securities Transaction Act, complies with the "Notes for Publicly Offered Companies Handling Private Placement of Securities" and similar regulations. Therefore, it is not expected to cause significant damage to shareholder equity, and the pricing principle should be reasonable.
7. Purpose of Private Placement Funds:
Including but not limited to supplementing working capital, engaging in technical cooperation or strategic alliances with domestic and foreign related parties, or meeting capital expenditure needs for the company's long-term development.
8. Reason for Not Adopting Public Offering:
Considering the timeliness, feasibility, issuance costs, capital market uncertainties, and the three-year restriction on free transfer of privately placed shares, this method can strengthen closer long-term cooperative relationships with strategic partners, thus the company plans to conduct a cash increase through private placement of new shares.
9. Dissenting or Reserved Opinions of Independent Directors: None.
10. Actual Pricing Date: Not applicable.
11. Reference Price: Not applicable.
12. Actual Private Placement Price, Conversion or Subscription Price: Not applicable.
13. Rights and Obligations of Privately Placed New Shares:
The restrictions related to the privately placed securities shall comply with Article 43-8 of the Securities Transaction Act and relevant directives from the competent authority. The rights and obligations of the privately placed common shares shall be the same as the original common shares.
14. For those with conversion, exchange, or subscription rights, the exchange base date: Not applicable.
15. For those with conversion, exchange, or subscription rights, potential dilution of equity: Not applicable.
16. For those with conversion or subscription rights, if the estimated listed common shares after full conversion or subscription are less than 60 million shares and less than 25%, please explain the measures to address low equity liquidity: Not applicable.
17. Other Matters to be Notified:
(1) Key contents of this private placement case, including the actual placement amount, actual placement price, selection of subscribers, issuance conditions, planned projects, fund utilization progress, expected benefits, and other unaddressed matters, will be submitted to the Shareholders' Meeting for authorization of the Board of Directors to adjust and handle them according to market conditions. If amendments are required due to revision by the competent authority or changes in objective circumstances, the Board of Directors will also be authorized to handle them in accordance with relevant laws and regulations.
(2) It is proposed that the Shareholders' Meeting authorize the Chairman or their designee to represent the company in negotiating and signing all contracts and documents related to the private placement of common shares, and to handle all matters necessary for the company's private placement of common shares.