ECloudvalley Digital Technology : Matters of the schedule of the payments regarding issuance of common stock for cash prior to the initial listing and the tentative offering price

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Provided by: eCloudvalley Digital Technology Co., Ltd.
SEQ_NO	1	Date of announcement	2022/08/18	Time of announcement	15:49:55
Subject	Matters of the schedule of the payments regarding issuance of common stock for cash prior to the initial listing and the tentative offering price
Date of events	2022/08/18	To which item it meets	paragraph 44
Statement	1.Date of occurrence of the event:2022/08/18 2.Company name:eCloudvalley Digital Technology Co., Ltd. 3.Relationship to the Company (please enter "head office" or "subsidiaries"):head office 4.Reciprocal shareholding ratios:N/A 5.Cause of occurrence:Announcement on matters related to issuance of common stock for cash prior to the initial listing 6.Countermeasures:None 7.Any other matters that need to be specified: A.To conduct the public offering prior to the initial listing, the Company increases capital of NT$80,000,000 by cash and issues 8,000,000 ordinary shares with a par value of NT$10 per share, which was declared effective by the Taiwan Stock Exchange Co., Ltd. on July 28, 2022, with the letter No. 1111803456. B.With the exception that 15% (1,200,000 shares) of the total amount of new shares to be issued is reserved for employees to subscribe in accordance with Article 267 of the "Company Act", the remaining 85% (6,800,000 shares) will be publicly offered in accordance with the provisions of Article 28-1 of the "Securities and Exchange Act" and the resolution of the general shareholders meeting on July 7, 2022; the provisions of paragraph 3 of Article 267 of the "Company Act" which allows the original shareholders the rights to priority subscription to new issues shall not be applicable. Shares unsubscripted by employees will be authorized to chairman to conduct the placement to specified persons. The unsubscripted shares of public offering shall be handled in accordance with the provisions of "Taiwan Securities Association Rules Governing Underwriting and Resale of Securities by Securities Firms". C.The initial offering and underwriting will be conducted partly by competitive auction and partly by public subscription. The upper limit of the offering price shall be 70 percent of the simple arithmetic mean of the average trade prices, after factoring out ex-rights trading in connection with issuance of stock dividends (or ex-rights trading in connection with capital reduction) and ex-dividend trading, of the 30 business days on which trades have been executed before the filing of the competitive auction agreement with the Taiwan Securities Association. The upper limit is set at NT$ 107.69 per share (the reserve price of the competitive auction), and the shares will be awarded on the basis of bid price in descending order. Each successful bidder shall subscribe the securities at the bidder's own award price. The offering price of public subscription will be computed as the weighted average of the bid price of all successful bids, and will be capped at 1.04 multiple of the minimum offering price. Therefore, the offering price per share is tentatively set at a premium of NT$ 112 dollars. D.The funds to be raised will be used to increase working capital. E.The schedule of the payments regarding the issuance of common stock for cash (1)Period of Competitive auction: August 23, 2022 to August 25, 2022 (2)Period of Public subscription: August 31, 2022 to September 2, 2022 (3)Period of Employee subscription payments: September 2, 2022 to September 6, 2022 (4)Date of deduction of the bid deposits and fees: September 1, 2022 (5)Date of deduction of the Public subscription payments and fees: September 5, 2022 (6)Period of Specific persons subscription payments: September 7, 2022 to September 8, 2022 (7)The record date for capital increase: September 8, 2022 F.The rights and obligations of these newly issued shares are same as existing ordinary shares