Redemption of EMC's Sixth issue of domestic unsecured convertible corporate bonds and termination of
1.Date of occurrence of the event:2025/09/08
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 17 of the Company's
Procedures for the Issuance and Conversion of the Sixth Issue of Domestic
Unsecured Convertible Bonds
6.Countermeasures:
The issuing company will exercise its bond redemption right from
September 22, 2025 to October 21, 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
After the convertible bonds have been issued for three months, starting from
December 26, 2024, and ending 40 days before the bond maturity date
(August 16, 2029), if the closing price of the company's common stock on
the Taiwan Stock Exchange exceeds the conversion price by 30% (inclusive)
for 30 consecutive business days, the company may, within the next 30
business days, send a ”Bond Redemption Notice” by registered mail, which
will be effective after 30 days. This notice will be sent to the bondholders
listed in the bondholder registry as of the fifth business day before the
notice is mailed.
For those who acquire the bonds later due to trading or other reasons, the
notice will be made public. The redemption price is set at the face value of
the convertible bonds, and the company will redeem all outstanding bonds in
cash.
The company will request the Taipei Exchange to announce this redemption.
The aforementioned period shall commence from the date on which the Company sends the notice, and the expiry date of such period shall be deemed the redemption record date; such period shall not fall within any
suspension-of-conversion period as stipulated in Article 9.”
The company must execute the redemption request within five business days
after the redemption date by paying the face value of the bonds in cash.
(2) Last transfer period of Convertible Bond: N/A
(3) Bond redemption period: September 22, 2025 to October 21, 2025.
(4) Record date of bond redemption: October 21, 2025.
(5) Termination of Taipei Exchange trading date: October 22, 2025.
(6) Redemption notification by registered mailed date: September 22, 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,
September 22, 2025 (September 19, 2025) to the one business day before expiry date, October 21, 2025 (October 20, 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 October
28,2025, to the applicants, the remittance (postage) is directly deducted
from the redemption price.
(8) If bondholders do not wish the company to exercise its redemption right
and request the conversion of the bonds into common shares,
they must complete the conversion process through
the securities broker no later than October 23, 2025
(9) 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$598.6 through their designated
securities firm. The conversion procedure must be completed no later
than October 23, 2025.