Redemption of EMC's fifth issue of domestic unsecured convertible corporate bonds and termination of
1.Date of occurrence of the event:2025/05/16
2.Company name:Elite Material 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:In accordance with Article 18 of the Company's
Procedures for the Issuance and Conversion of the Fourth Issue of Domestic
Unsecured Convertible Bonds
6.Countermeasures:
The issuing company will exercise its bond redemption right from
June 3, 2025 to @July 2, 2025. The redemption price will be 100%
of the bond’s principal amount.
(1) According to Article 17 of the Company's Procedures for the Issuance
and Conversion of the Fifth Issue of Domestic Unsecured Convertible Bonds
(hereinafter referred to as ”the convertible bonds”), From
July 26, 2022, to March 16, 2027, if the outstanding balance of the
convertible bonds falls below 10% of the total original issuance, the
company may, within 30 business days, send via registered
mail a ”notice of bond redemption” with 30-day effective period (the
aforementioned 30-day period starts on the day of dispatch by the company,
and the expiry date thereof shall be deemed as the record date of bond
redemption) to bondholders (based on the names of bondholders registered in
the roster of bondholders at the fifth business day prior to the date upon
which the notice of redemption is sent. For investors who acquire the
convertible bonds after the said business day through trading or other
reasons, a public announcement will be made in lieu of notice).
The company shall apply to the Taipei Exchange for announcement of the same.
When bondholders reply in writing to the Company's agent of stock affairs
requesting for bond redemption in cash (the reply takes effect at the time
of delivery; the postmark date serves as a proof for mailing) prior to the
record date of bond redemption, the company will redeem such convertible
bonds in cash at face value five business days after the record date of
bond redemption.
(2) Last transfer period of Convertible Bond: N/A
(3) Bond redemption period: June 3, 2025 to July 2, 2025.
(4) Record date of bond redemption: July 2, 2025
(5) Termination of Taipei Exchange trading date: July 3, 2025.
(6) Redemption notification by registered mailed date: June 3, 2025.
(7) Bond redemption procedures:
- i) The convertible bonds are issued without the actual physical securities
print. Bondholders should submit the following documents to their original
broker to perform the bond redemption procedures.
1)The ”Application Form for Convertible Bond Conversion/Redemption/Put”
with the seal stamp for the central depository account.
2)The name and bank account of recipient should be provided. For securities
passbooks, go through the bond redemption procedures with correspondent
securities firms. (hereinafter referred to as ”TDCC Company”) submits an
application, and after the application is accepted, the company will be sent
to the company's stock agency. Effective force will be effective upon
delivery, and no withdrawal can be applied for.
- ii) Creditors may starting from one business day before the notification day,
June 3, 2025 (June 2, 2025) to the one business day before expiry date,
July 2, 2025 (July 1, 2025), the bond holders can sell to the broker.
iii) The bonds are redeemed at par in cash according to the denomination
of the bond, and is uniformly paid by remittance or mailing check on July
9, 2025, to the applicants, the remittance (postage) is directly deducted
from the redemption price.
(8) EMC's agent of stock affairs:
Oriental Securities Co., Ltd., Stock Transfer Agent Department
Address: 13F, No. 16, Xinzhan Rd., Banqiao Dist., New Taipei City,
Taiwan (R.O.C.) Tel: (02) 7753-1699
7.Any other matters that need to be specified (the information disclosure
also meets the requirements of Article 7, subparagraph 9 of the Securities
and Exchange Act Enforcement Rules, which brings forth a significant impact
on shareholders rights or the price of the securities on public companies.):
Caution: Investors are advised that if bondholders do not wish the company
to exercise its redemption right, they may apply for conversion into common
shares at the conversion price of NT$236.2 through their designated
securities firm. The conversion procedure must be completed no later
than July 4, 2025.