Century Iron and Steel Industrial: Announcement of the company’s board resolutions regarding the offering of seasoned shares to its subsidiary Century Huaxin Wind Energy Co., Ltd.

Supplied by: Century Iron And Steel Industrial Co.,Lt

SEQ_NO

1

announcement date

2022/01/21

Announcement time

17:29:31

Topic

 Announcement of the Company��s Board of
Directors Resolutions on the Seasoned Equity Offering
to its Subsidiary Century Huaxin Wind Energy Co., Ltd.

Date of events

2022/01/20

What item it responds to

paragraph 20

Declaration

1.Name and nature of the underlying assets (if preferred shares, the terms
and conditions of issuance shall also be indicated, e.g., dividend yield,
etc.):Acquiring Ordinary Shares of the Subsidy Century Huaxin Wind Energy
 Co., Ltd.
2.Date of occurrence of the event: 2022/01/20~2022/01/20
3.Amount, unit price, and total monetary amount of the transaction:
 Amount of Transaction: Approx. 30,000 Thousand Shares (as Limit)
 Unit Price: Approx. NTD 30 per Share
 Total Monetary Amount of the Transaction: Approx. NTD 900,000,000 (as Limit)
 with Unit Price: Approx. NTD 30 per Share
4.Trading counterparty and its relationship with the Company (if the trading
counterparty is a natural person and furthermore is not a related party of
the Company, the name of the trading counterparty is not required to be
disclosed):
 Trading Counterparty�GCentury Huaxin Wind Energy Co., Ltd.
 Its Relationship with the Company: Subsidiary whose 44.76% of Total Shares
 are held by the Company
5.Where the trading counterparty is a related party, announcement shall also
be made of the reason for choosing the related party as trading counterparty
and the identity of the previous owner, its relationship with the Company
and the trading counterparty, and the previous date and monetary amount of
transfer:
 Subsidiary of the Company��s Transaction on Seasoned Equity Offering
6.Where an owner of the underlying assets within the past five years has
been a related party of the Company, the announcement shall also include the
date and price of acquisition and disposal by the related party, and its
relationship with the Company at the time of the transaction:Not Applicable
7.Matters related to the current disposal of creditors' rights (including
types of collaterals of the disposed creditor��s rights; if creditor's
rights over a related party, announcement shall be made of the name of the
related party and the book amount of the creditor's rights, currently being
disposed of, over such related party): Not Applicable
8.Profit or loss from the disposal (not applicable in cases of acquisition
of securities) (those with deferral should provide a table explaining
recognition): Not Applicable
9.Terms of delivery or payment (including payment period and monetary
amount), restrictive covenants in the contract, and other important terms
and conditions:
 Terms of Delivery of Payment: Cash (Implemented as per SEO Conditions)
 Restrictive Covenants in the Contract: None
 Other Important Terms and Conditions: None
10.The manner of deciding on this transaction (such as invitation to tender,
price comparison, or price negotiation), the reference basis for the
decision on price, and the decision-making unit:
 The Manner of Deciding on this Transaction: Seasoned Equity Offering
 Reference Basis for the Decision on Price: Seasoned Equity Offering
 Decision-Making Unit: Board of Directors of the Company
11.Net worth per share of the Company's underlying securities acquired or
disposed of: NTD 16.06
12.Cumulative no.of shares held (including the current transaction), their
monetary amount, shareholding percentage, and status of any restriction of
rights (e.g., pledges), as of the present moment:
 Amount: Approx. 83,715 Thousand Shares (as Limit)
 Monetary Amount: Approx. NTD 1,928,000,000 (as Limit)
 Shareholding Percentage: Approx. 55.81%
 Restriction of Rights: None
13.Current ratio of securities investment (including the current trade, as
listed in article 3 of Regulations Governing the Acquisition and Disposal of
Assets by Public Companies) to the total assets and equity attributable to
owners of the parent as shown in the most recent financial statement and
working capital as shown in the most recent financial statement as of the
present:
 To the Total Assets as Shown in the Most Recent Financial Statement: 16.61%
 To the Equity Attributable to Owners of the Parent as Shown in the
 Most Recent Financial Statement: 26.27%
 Working Capital as Shown in the Most Recent Financial Statement as of the
 Present�G2,543,984 Thousand NTD
14.Broker and broker's fee:Not Applicable.
15.Concrete purpose or use of the acquisition or disposal: Covering the
 Funds as Required in Plant Building and Machines Purchases for Subsidy.
16.Any dissenting opinions of directors to the present transaction:None
17.Whether the counterparty of the current transaction is
a related party: Yes
18.Date of the board of directors resolution: 2022/01/20
19.Date of ratification by supervisors or approval by
the Audit Committee: 2022/01/20
20.Whether the CPA issued an unreasonable opinion regarding the current
transaction: No
21.Name of the CPA firm:Not Applicable
22.Name of the CPA:Not Applicable
23.Practice certificate number of the CPA:Not Applicable
24.Whether the transaction involved in change of business model: No
25.Details on change of business model: Not Applicable
26.Details on transactions with the counterparty for the past year and the
expected coming year: Not Applicable
27.Source of funds:Equity Capital
28.Any other matters that need to be specified:
 The limit to monetary amount of SEO subscriptions is NTD 900,000,000, as per
 subscription by original shareholders plus proportion of participating
 specific persons.