First Financial: FFHC Board of Directors decides to increase share capital by recapitalization of profits


Provided by: First Financial Holding Co. Ltd.



announcement date


Announcement time



 The Board of FFHC resolves to increase capital
stock by earnings recapitalization

Date of events


What item it responds to

paragraph 11


1.Date of the board of directors resolution:2022/04/21
2.Source of capital increase funds:profit for fiscal 2021.
3.Whether to adopt shelf registration (Yes, please state issuance period/No):
4.Total monetary value of the issuance and number of shares issued (shares
 issued not including those distributed to employees if consisting in
 capital increase from earnings or capital surplus):
   NTD $2,592,831,810 AND 259,283,181 shares
5.If adopting shelf registration, monetary value and number of shares
to be issued this time:Not applicable
6.The remaining monetary value and shares after this issuance when
adopting shelf registration:Not applicable
7.Par value per share:NTD $10
8.Issue price:Not applicable
9.Number of shares subscribed for by or allocated to employees:None
10.Number of shares publicly sold:Not applicable
11.Ratio of shares subscribed by or allotted as stock dividends to existing
shareholders:20 share distributed gratis per 1,000 share
12.Handling method for fractional shares and shares unsubscripted for by
the deadline:
   If the stock dividends include any fractional shares which are
   less than one full share, the shareholders of two or more may
   arrange for pooling together of their fractional shares to form
   one full share and register the same under the name of one of the
   shareholders within 5 days after the ex-rights date. For the
   fractional shares which cannot be pooled within the specified period,
   such remainder will be subscribed by designated individuals arranged
   by the Chairman as authorized by the Shareholders' Meeting.
13.Rights and obligations of these newly issued shares:The same as the issued
   and existing shares.
14.Utilization of the funds from the capital increase:
   For retaining working capital and strengthening financial position.
15.Any other matters that need to be specified:
   (1)The ex-rights date will be determined fully by the Board as
      authorized by the Shareholders' Meeting after the capital stock
      increase is approved by the authorities.
   (2)If the plan of increasing capital stock is changed by the
      authorities, it is determined fully to chang by the Board as
      authorized by the Shareholders' Meeting.
   (3)The distributing ratio of stock dividends will be adjusted as a
      result of changes of outstanding common sotck due to treasury
      stock transactions, share conversion, and the situations to
      increase or decrease common sotck. The final ratio will be
      determined fully by the Board as authorized by the Shareholders'


First Financial Holding Co. Ltd. published this content on April 21, 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unmodified, on April 21, 2022 08:44:02 UTC.

Public now 2022


2022 sales 67,413M
2022 net income 22,164M
757 million
757 million
Net debt 2022

PER 2022 ratio 16.2x
2022 return 4.05%
Capitalization 359B
12,265 million
12,265 million
capi. / Sales 2022 5.33x
capi. / Sales 2023 4.96x
# of employees 9,939
Floating 79.5%


Duration :

Period :

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Last closing price TWD27.70
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Sallie R. Loera