EnTie Commercial Bank: Announcement of a Material Resolution by the Company’s Board of Directors







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Provided by: EnTie Commercial Bank

SEQ_NO

2

announcement date

2022/08/18

Announcement time

18:17:45

Matter

 Announcement of an Important Resolution by the
Board of Directors of the Company

Date of events

2022/08/18

What item it responds to

paragraph 11

Statement

1.Date of occurrence of the event:2022/08/18
2.Date of the original announcement and reporting:2021/10/14
3.Summary of the content originally announced and reported:Announcement of
the resolution adopted by the Board of Directors of the Company to sign the
Share Swap Agreement with IBF Financial Holdings Co., Ltd (IBF).
4.Reason for change and its main content:
(1)With respect to the Share Swap Agreement between the Company and IBF,
the transaction consideration will be adjusted if either party distributes
stock dividends and/or cash dividends.
(2)Both parties distributed stock dividends and/or cash dividends when
sharing their profits for 2021. The transaction consideration adjustment
was calculated according to the formula stipulated in Article 4.2.1. of the
Share Swap Agreement, and the original NT$17.212231 per share transaction
consideration (including the cash consideration of NT$9.466730 per share
and share consideration of NT$7.745501 per share) has been adjusted to
NT$16.482229 per share (including cash consideration of NT$8.736730 per
share and share consideration of NT$7.745499 per share).
5.Impact on the Company's finance and business after the change:None
6.Any other matters that need to be specified:
(1)This Share Swap was postponed by an order from the Financial Supervisory
Commission dated January 27, 2022. The transaction consideration adjusted
in this announcement has been handled solely in accordance with the Share
Swap Agreement signed by the Company and IBF.
(2)The extraordinary shareholders' meeting on December 2, 2021 authorized
the Company's Board of Directors to handle matters relating to the
adjustments of transaction consideration according to the Share Swap
Agreement without convening another shareholders' meeting for approval.

Disclaimer

EnTie Commercial Bank Ltd. published this content on August 18, 2022 and is solely responsible for the information contained therein. Distributed by Audienceunedited and unmodified, on Aug 18, 2022 10:23:03 AM UTC.

Public now 2022

All news about ENTIE COMMERCIAL BANK CO., LTD.

Sales 2021 5,564 million

Net income 2021 2,324 million

Net cash 2021 12,004 million

PER 2021 ratio 13.8x
2021 performance 4.46%
Capitalization 28,777 million
959 million
EV / Sales 2020 4.24x
EV / Sales 2021 3.60x
# of employees 1,508
Floating 28.9%

Chart ENTIE COMMERCIAL BANK CO., LTD.


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