Franbo Lines Corporation

07/08/2024 | Press release | Distributed by Public on 07/08/2024 00:24

Announcement of Franbo Lines Corporation's conversion price and premium rate of issuance of 7th domestic unsecured convertible bonds

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Provided by: Franbo Lines Corp.
SEQ_NO 2 Date of announcement 2024/07/08 Time of announcement 14:21:33
Subject
 Announcement of Franbo Lines Corporation's conversion
price and premium rate of issuance of 7th domestic
unsecured convertible bonds
Date of events 2024/07/08 To which item it meets paragraph 53
Statement
1.Date of occurrence of the event:2024/07/08
2.Company name:Franbo Lines Corp.
3.Relationship to the Company (please enter "head office" or
  "subsidiaries"):head office
4.Reciprocal shareholding ratios:NA
5.Cause of occurrence:The conversion price is set according to
"Procedures for Issuance of 7th Domestic Unsecured Convertible Bonds".
6.Countermeasures:None
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.):
(1)Franbo Lines Corporation's issuance of 7th domestic unsecured
convertible bonds is declared to FSC and effective according to FSC
letter No. 1130347644 on July 2, 2024.
(2)The base price using average closing price of common stock of the one
business days before July 8, 2024, which is the date the conversion price
is decided, is $22.25, and the conversion premium rate is 102%.
(3)The conversion price is set at NT$22.7 per share using the above method.