Shanghai Commercial & Savings Bank: Board of Directors Approves Capital Increase by Issuance of Common Shares

Statement

1.Date of the board of directors resolution:2022/08/13
2.Source of capital increase funds:Through issuance of common shares.
3.Whether to adopt shelf registration (Yes, please state issuance period/No):
No.
4.Total monetary value of the issuance and number of shares issued (shares
 issued not including those distributed to employees if consisting in
 capital increase from earnings or capital surplus):380,000,000 common shares.
5.If adopting shelf registration, monetary value and number of shares
to be issued this time:N/A
6.The remaining monetary value and shares after this issuance when
adopting shelf registration:N/A
7.Par value per share:NT$10
8.Issue price:Upon FSC's approval, the actual issue price will be set in
accordance with article 6 of "Self-regulation Measures for Underwriters
Pvoviding Guidance to Copanies in Raising and Issuing Marketable Securities
by Taiwan Securities Association".
9.Number of shares subscribed for by or allocated to employees:57,000,000
shares,15% of the newly issued common shares, subscribed by employees.
10.Number of shares publicly sold:38,000,000 shares,10% of the newly issued
common shares, publicly sold.
11.Ratio of shares subscribed by or allotted as stock dividends to existing
shareholders:285,000,000 shares, 75% of the newly issued common shares, will
be reserved for existing shareholders with the respective ratio as stated
on shareholders' roster on the record date of the subscription.
12.Handling method for fractional shares and shares unsubscripted for by
the deadline:Authorized the chairman to allocate fractional shares and
unsubscribed shares by existing shareholders and employees to specific
counterparties.
13.Rights and obligations of these newly issued shares:Rights and obligations
of the newly issued shares are equal to existing shares.
14.Utilization of the funds from the capital increase:Enhance capital
adequancy and increase operation fund.
15.Any other matters that need to be specified:
(1)Under certain circumstances, the Chairman or his proxy is entitled to
handle the amendment to the content of application form to FSC,including
issue terms, tentative price, use of proceeds and planned schedule, and
expected benefits.
(2)Upon FSC's approval, other terms such as actual issue price, record date,
and payment period will be decided by the board of directors.