Release Date: June 27, 115 Statement Date: June 26, 115 Statement Time: 15:50:58 Company Code: 3702 Company Name: WPG Holdings Limited Subject: Announcement regarding the exercise of bond redemption rights by the issuer of WPG's first domestic unsecured exchangeable bonds (abbreviated as WPG E1, code: 370201) and the termination of over-the-counter (OTC) trading on August 10, 115. Applicable Clause: Item 51 Factual Date: June 26, 115 Explanation: Content is handled in accordance with Article 17 of the WPG E1 Issuance and Exchange Regulations. The issuer will exercise its bond redemption right from July 10, 115 to August 8, 115, at a redemption price of 100.0000% of the bond's face value.

1. According to Article 17(1) of the Issuance and Exchange Regulations of WPG’s first domestic unsecured exchangeable bonds (hereinafter referred to as “the exchangeable bonds”): From the day after the third month following issuance (April 15, 115) until 40 days before the end of the issuance period (December 5, 117), if the closing price of Win Semiconductors ordinary shares exceeds 130% (inclusive) of the current exchange price for 30 consecutive trading days, the Company may, within the subsequent 30 trading days, send by registered mail a “Bond Redemption Notice” with a 30-day expiry period to bondholders (based on the bondholder register as of the fifth business day prior to the mailing date). For those who acquire the bonds after this date through trading or other means, notice will be made by public announcement. The redemption price is set at the face value of the exchangeable bond, TWD 100,000, and the Company will redeem all bonds in cash and request the TPEx to make a public announcement. Upon exercising the redemption request, the Company shall disburse the redemption payment in cash at face value within seven business days after the bond redemption benchmark date.

2. Details regarding the redemption of the convertible bonds are as follows: (1) Date of mailing the Bond Redemption Notice: July 10, 115 (2) Notice and acceptance period for bond redemption: July 10, 115 to August 8, 115 (3) Bond redemption benchmark date: August 8, 115 (4) Date of termination of OTC trading: August 10, 115 (5) Redemption payment disbursement date: August 18, 115

3. Redemption Procedures: (1) The exchangeable bond is issued in book-entry form only. Bondholders must bring (1) their securities savings passbook and (2) the seal of their Central Depository account to their original securities dealer to submit the 'Application for Book-Entry Transfer/Exchange/Redemption/Repurchase of Convertible (Exchangeable) Bonds' (Form 127, clearly marked “Redemption”) to complete the redemption process. After receiving the application, the securities dealer will file it with the Taiwan Depository & Clearing Corporation (TDCC). Upon TDCC’s acceptance and forwarding to the Company’s share agent, the redemption becomes effective immediately and cannot be revoked.

(2) Bondholders may proceed with redemption through their securities dealers from the business day prior to the redemption date up to the business day prior to the expiry (i.e., from July 9, 115 to August 7, 115).

(3) If a bondholder does not submit a written response to the Company’s share agent before the bond redemption benchmark date specified in the “Bond Redemption Notice” (effective upon receipt; postmark date for mailed responses), the Company will remit the redemption amount to the bank account registered with the securities dealer on August 18, 115 (within seven business days after the benchmark date), with remittance fees directly deducted from the redemption proceeds. In cases where incorrect or incomplete account information results in a bank return, a check will be mailed to the shareholder’s registered mailing address, and postage costs will be deducted from the redemption amount.

(4) Bondholders who do not wish to have their bonds redeemed and instead wish to exchange the exchangeable bonds for Win Semiconductors ordinary shares must complete the exchange procedure with their securities dealer by August 11, 115.

4. Company Share Agent: KGI Securities Co., Ltd., Share Agency Department Address: B2, No. 97, Section 2, Dunhua S. Rd., Da’an Dist., Taipei City Phone: (02) 2702-3999

Warning: Investors with exchange eligibility must note that if they do not submit a written exchange request by August 11, 115, the Company will redeem all bonds in cash at face value.

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  • Source: PR Times
  • Category: News