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No.568,Fuxing 3rd Rd.,Guishan Dist.,Taoyuan City (33383),Taiwan,R.O.C.
TEL: +886-3-327-7288
FAX: +886-3-318-5999
E-MAIL: phsales@phihong.com.tw

Phihong Technology's second increase in capital amounts to over

 

Phihong Technology Co., Ltd (the “Phihong Technology” or the “Company”) has 50 years of experience in the design and development of power supplies and is a pioneer in the industry. Phihong Technology has a complete range of specifications of DC and AC chargers and has the manufacturing technology of over 360 kW high-power charging equipment. After being aware of the opportunities in the emerging electric vehicle field, Phihong Technology actively deploys renewable energy, expands infrastructure constructions such as global charging stations. The above demonstrates Phihong Technology’s determination of green transformation, and provides diversified power products and other products such as electric vehicle charger. While the vehicles’ demand of V2G (Vehicle-to-grid) and new energy storage increases along with the prevalence of electric vehicles, the developing strategy of combining electric vehicles, charger, and energy storage systems to alleviate the peak load capacity is the main purpose of introducingstrategic investors in this issuance of common shares by private placement. Taiwan Cement Corporation (the “TCC”)’s global development plan is to strengthen the industry chain for energy storage. In addition, TCC is not the Company’s related party and meets the requirements under Subparagraph 2, Paragraph 1 of Article 43-6 of Securities and Exchange Act which requires the subscriber to be “natural persons or legal persons meeting the qualifications prescribed by the competent authority.” In consideration of the above, Phihong Technology introduces TCC as the subscriber of this private placement, so as to follow its goal of combining electric vehicle charger and energy storage system.

This board of directors meeting dated December 22, 2021 resolves to approve the issuance of common shares by private placement in two batches for a total of 37,520,000 shares. Including the 337,688,416 issued shares, the total number of issued common shares will be 375,208,416 shares. As such, this privately placed common shares will account for approximately 9.9998% of the Company’s common shares. The subscription price per share is NT$ 40.26 and the total subscription amount is NT$ 1,510,555,200.