Kinpo Electronics: Board Resolution to Conduct Private Placement of New Shares
Kinpo Electronics resolved at its board meeting to conduct a private placement of new common shares targeting strategic investors. The company plans to issue up to 4 million shares to pursue opportunities for technical cooperation, market business partnerships, and strategic alliances, while also strengthening working capital.
📋 Article Processing Timeline
- 📰 Published: April 16, 2026 at 09:00
- 🔍 Collected: April 17, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: April 19, 2026 at 06:32 (46h 32m after Collected)
1. Board resolution date: 115/04/16
2. Type of private placement securities: Common Stock
3. Target of private placement and relationship with the company:
(1) The target of this private placement of common stock shall be selected individuals who meet the requirements of Article 43-6 of the Securities Transaction Act and the order (91) Tai-Tsai-Zheng-Yi-Zi-No. 0910003455 issued by the Financial Supervisory Commission on June 13, 91, and shall be limited to strategic investors.
(2) Proposed subscriber: Strategic Investor
a. Method and purpose of selecting subscribers: For the long-term operational and business development needs of the company, priority will be given to those who can directly or indirectly benefit the company's future operations, assist in expanding the company's business market, strengthen customer relationships, enhance business development integration efficiency, or improve technology, and who identify with the company's business philosophy as strategic investors.
b. Necessity: The purpose of selecting the subscriber in this instance is to introduce strategic investors and enhance long-term cooperative relationships with strategic partners. Through strategic investors, the company's long-term competitiveness and operational efficiency can be improved, thus it is necessary.
c. Expected benefits: Leveraging the advantages of strategic investors in terms of experience, technology, knowledge, brand reputation, and market channels, through strategic cooperation, joint business development, or market integration, it is expected to help the company reduce operating costs, expand its business scope, and improve its future operating performance.
(3) No subscriber has been finalized at present.
4. Number of shares or lots to be privately placed: Not exceeding 4,000,000 shares
5. Private placement quota:
The total quota for this private placement of common stock shall not exceed 4,000,000 shares, and it will be carried out once or in multiple tranches (up to three times) within one year from the date of the shareholder meeting resolution.
6. Basis and reasonableness of determining the private placement price:
(1) The price per share for this private placement of common stock shall be determined at no less than 80% of the higher of the following two calculated prices based on the pricing date:
A. The simple average of the common stock closing prices for one, three, or five trading days prior to the pricing date, adjusted for ex-rights and ex-dividend after stock distribution and ex-reduction and ex-rights after capital reduction.
B. The simple average of the common stock closing prices for thirty trading days prior to the pricing date, adjusted for ex-rights and ex-dividend after stock distribution and ex-reduction and ex-rights after capital reduction.
(2) The actual pricing date and actual private placement price will be authorized to the Board of Directors to determine based on the aforementioned pricing basis, considering the future finalized specific subscriber situation and market conditions, within the range of the percentage approved by the shareholder meeting.
(3) The pricing method for this private placement is in accordance with the "Notes on Private Placement of Securities by Publicly Offered Companies" and takes into account the company's future outlook, as well as strict restrictions on the timing, target, and quantity of transfer of privately placed securities. Moreover, listing on the stock exchange is not permitted within three years, and liquidity is poor. Therefore, the determination of the private placement price is considered reasonable and will not have a significant impact on shareholder rights.
7. Use of funds from this private placement:
(1) To be conducted in one tranche:
To seek opportunities for technical cooperation, market business cooperation, or strategic alliances with domestic and foreign technology giants and industry funds, while simultaneously replenishing working capital and meeting the company's long-term operational development needs.
(2) To be conducted in two tranches:
To seek opportunities for technical cooperation, market business cooperation, or strategic alliances with domestic and foreign technology giants and industry funds, while simultaneously replenishing working capital and meeting the company's long-term operational development needs.
(3) To be conducted in three tranches:
To seek opportunities for technical cooperation, market business cooperation, or strategic alliances with domestic and foreign technology giants and industry funds, while simultaneously replenishing working capital and meeting the company's long-term operational development needs.
8. Reason for not adopting public offering:
Considering the capital market conditions, issuance costs, timeliness and feasibility of fundraising through private placement, and the restriction that privately placed shares cannot be freely transferred within three years, it is possible to ensure and strengthen closer long-term cooperative relationships with strategic partners. Therefore, this private placement of cash increase for issuing new shares is proposed instead of a public offering.
9. Dissenting or reserved opinions from 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 newly issued shares from this private placement:
The common shares issued through this private placement will generally have the same rights and obligations as the company's existing common shares. However, in accordance with Article 43-8 of the Securities Transaction Act, except for the transfer subjects and conditions stipulated in the said article, privately placed common shares generally cannot be freely transferred within three years from the delivery date. After three years from the delivery date, the company plans to obtain a letter of consent from the Taiwan Stock Exchange confirming compliance with listing standards, and then apply to the competent authority for public issuance of these privately placed common shares and application for listing and trading.
14. If convertible, exchangeable, or subscribable, the conversion or subscription base date: Not applicable
15. If convertible, exchangeable, or subscribable, the potential dilution of equity: Not applicable
16. If convertible or subscribable, the impact on the equity ratio of listed common stock after full conversion or subscription (listed common stock quantity A, A/issued common stock): Not applicable
17. If the projected number of listed common shares in the preceding paragraph is less than 60 million shares and less than 25%, please explain the measures to address the low liquidity of equity: Not applicable
18. Other matters to be noted:
(1) The main content of this private placement of common stock plan, including the actual number of shares to be privately placed, the actual private placement price, the selection of subscribers, the base date, issuance conditions, project items, fund usage and progress, expected benefits, and other related matters, shall be submitted to the shareholder meeting for authorization to the Board of Directors to adjust, determine, and handle based on market conditions. In the future, if there are changes due to legal amendments, requirements from regulatory authorities, operational assessments, or objective environmental needs, the Board of Directors is fully authorized to handle them.
(2) In addition to the scope of authorization mentioned above, it is proposed to authorize the Chairman of the Board to represent the company in signing, negotiating, and amending all contracts and documents related to the issuance of privately placed common stock, and to handle all matters required for the issuance of privately placed common stock on behalf of the company.
2. Type of private placement securities: Common Stock
3. Target of private placement and relationship with the company:
(1) The target of this private placement of common stock shall be selected individuals who meet the requirements of Article 43-6 of the Securities Transaction Act and the order (91) Tai-Tsai-Zheng-Yi-Zi-No. 0910003455 issued by the Financial Supervisory Commission on June 13, 91, and shall be limited to strategic investors.
(2) Proposed subscriber: Strategic Investor
a. Method and purpose of selecting subscribers: For the long-term operational and business development needs of the company, priority will be given to those who can directly or indirectly benefit the company's future operations, assist in expanding the company's business market, strengthen customer relationships, enhance business development integration efficiency, or improve technology, and who identify with the company's business philosophy as strategic investors.
b. Necessity: The purpose of selecting the subscriber in this instance is to introduce strategic investors and enhance long-term cooperative relationships with strategic partners. Through strategic investors, the company's long-term competitiveness and operational efficiency can be improved, thus it is necessary.
c. Expected benefits: Leveraging the advantages of strategic investors in terms of experience, technology, knowledge, brand reputation, and market channels, through strategic cooperation, joint business development, or market integration, it is expected to help the company reduce operating costs, expand its business scope, and improve its future operating performance.
(3) No subscriber has been finalized at present.
4. Number of shares or lots to be privately placed: Not exceeding 4,000,000 shares
5. Private placement quota:
The total quota for this private placement of common stock shall not exceed 4,000,000 shares, and it will be carried out once or in multiple tranches (up to three times) within one year from the date of the shareholder meeting resolution.
6. Basis and reasonableness of determining the private placement price:
(1) The price per share for this private placement of common stock shall be determined at no less than 80% of the higher of the following two calculated prices based on the pricing date:
A. The simple average of the common stock closing prices for one, three, or five trading days prior to the pricing date, adjusted for ex-rights and ex-dividend after stock distribution and ex-reduction and ex-rights after capital reduction.
B. The simple average of the common stock closing prices for thirty trading days prior to the pricing date, adjusted for ex-rights and ex-dividend after stock distribution and ex-reduction and ex-rights after capital reduction.
(2) The actual pricing date and actual private placement price will be authorized to the Board of Directors to determine based on the aforementioned pricing basis, considering the future finalized specific subscriber situation and market conditions, within the range of the percentage approved by the shareholder meeting.
(3) The pricing method for this private placement is in accordance with the "Notes on Private Placement of Securities by Publicly Offered Companies" and takes into account the company's future outlook, as well as strict restrictions on the timing, target, and quantity of transfer of privately placed securities. Moreover, listing on the stock exchange is not permitted within three years, and liquidity is poor. Therefore, the determination of the private placement price is considered reasonable and will not have a significant impact on shareholder rights.
7. Use of funds from this private placement:
(1) To be conducted in one tranche:
To seek opportunities for technical cooperation, market business cooperation, or strategic alliances with domestic and foreign technology giants and industry funds, while simultaneously replenishing working capital and meeting the company's long-term operational development needs.
(2) To be conducted in two tranches:
To seek opportunities for technical cooperation, market business cooperation, or strategic alliances with domestic and foreign technology giants and industry funds, while simultaneously replenishing working capital and meeting the company's long-term operational development needs.
(3) To be conducted in three tranches:
To seek opportunities for technical cooperation, market business cooperation, or strategic alliances with domestic and foreign technology giants and industry funds, while simultaneously replenishing working capital and meeting the company's long-term operational development needs.
8. Reason for not adopting public offering:
Considering the capital market conditions, issuance costs, timeliness and feasibility of fundraising through private placement, and the restriction that privately placed shares cannot be freely transferred within three years, it is possible to ensure and strengthen closer long-term cooperative relationships with strategic partners. Therefore, this private placement of cash increase for issuing new shares is proposed instead of a public offering.
9. Dissenting or reserved opinions from 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 newly issued shares from this private placement:
The common shares issued through this private placement will generally have the same rights and obligations as the company's existing common shares. However, in accordance with Article 43-8 of the Securities Transaction Act, except for the transfer subjects and conditions stipulated in the said article, privately placed common shares generally cannot be freely transferred within three years from the delivery date. After three years from the delivery date, the company plans to obtain a letter of consent from the Taiwan Stock Exchange confirming compliance with listing standards, and then apply to the competent authority for public issuance of these privately placed common shares and application for listing and trading.
14. If convertible, exchangeable, or subscribable, the conversion or subscription base date: Not applicable
15. If convertible, exchangeable, or subscribable, the potential dilution of equity: Not applicable
16. If convertible or subscribable, the impact on the equity ratio of listed common stock after full conversion or subscription (listed common stock quantity A, A/issued common stock): Not applicable
17. If the projected number of listed common shares in the preceding paragraph is less than 60 million shares and less than 25%, please explain the measures to address the low liquidity of equity: Not applicable
18. Other matters to be noted:
(1) The main content of this private placement of common stock plan, including the actual number of shares to be privately placed, the actual private placement price, the selection of subscribers, the base date, issuance conditions, project items, fund usage and progress, expected benefits, and other related matters, shall be submitted to the shareholder meeting for authorization to the Board of Directors to adjust, determine, and handle based on market conditions. In the future, if there are changes due to legal amendments, requirements from regulatory authorities, operational assessments, or objective environmental needs, the Board of Directors is fully authorized to handle them.
(2) In addition to the scope of authorization mentioned above, it is proposed to authorize the Chairman of the Board to represent the company in signing, negotiating, and amending all contracts and documents related to the issuance of privately placed common stock, and to handle all matters required for the issuance of privately placed common stock on behalf of the company.