Announcement on the Board of Directors' resolution to conduct the fourth and fifth issuance of domestic unsecured convertible corporate bonds

Company code: 6285
No: 2
Subject: Announcement on the Board of Directors' resolution to conduct the fourth and fifth issuance of domestic unsecured convertible corporate bonds
To which item it meets--article 4 paragraph xx: 11
Date of events: 2026/08/05
Contents:

• Date of the board of directors resolution: 2026/08/05
• Name [issue no.__ of (secured, unsecured) corporate bonds of ___________ (company)]:
  • (1) WNC Corporation, fourth issuance of domestic unsecured convertible corporate bonds.
  • (2) WNC Corporation, fifth issuance of domestic unsecured convertible corporate bonds.
• Whether to adopt shelf registration (Yes/No): No
• Total amount issued:
  • (1) The total amount of issued bonds for the fourth issuance of domestic unsecured convertible corporate bonds is capped at NT$6 billion.
  • (2) The total amount of issued bonds for the fifth issuance of domestic unsecured convertible corporate bonds is capped at NT$2 billion.
• Face value per bond:
  • (1) Fourth issuance: NT$100,000
  • (2) Fifth issuance: NT$100,000
• Issue price:
  • (1) Fourth issuance: 100.5% to 101% of par value (tentative).
  • (2) Fifth issuance: No less than 105% of par value (tentative); the actual issuance price will be determined based on the results of competitive bidding.
• Issuance period:
  • (1) Fourth issuance: Three years
  • (2) Fifth issuance: Three years
• Coupon rate:
  • (1) Fourth issuance: 0%
  • (2) Fifth issuance: 0%
• Types, names, monetary values and stipulations of collaterals: N/A
• Use of the funds raised by the offering and utilization plan: Replenish working capital and repay bank loans.
• Underwriting method:
  • (1) Fourth issuance: Underwriting will be performed publicly through book building.
  • (2) Fifth issuance: Underwriting will be performed publicly through competitive bidding.
• Trustees of the corporate bonds: The trustees have given the Chairperson full authority to handle the issuance of the bonds.
• Underwriter or agent: KGI Securities Co., Ltd.
• Guarantor(s) for the issuance: N/A
• Agent for payment of the principal and interest: WNC Corporation's Shareholder Service Office
• Certifying institution: N/A
• Where convertible into shares, the rules for conversion: The Chairperson is authorized to determine the rules for conversion in accordance with financial market conditions as well as relevant laws and regulations. The aforementioned rules will be announced in a separate announcement upon becoming effective after being approved by the relevant competent authorities.
• Sell-back conditions: The Chairperson is authorized to determine the sell-back conditions in accordance with financial market conditions as well as relevant laws and regulations. The aforementioned conditions will be announced in a separate announcement upon becoming effective after being approved by the relevant competent authorities.
• Buyback conditions: The Chairperson is authorized to determine the buyback conditions in accordance with financial market conditions as well as relevant laws and regulations. The aforementioned conditions will be announced in a separate announcement upon becoming effective after being approved by the relevant competent authorities.
• Reference date for any additional share exchange, stock swap, or subscription: The Chairperson is authorized to determine the reference date in accordance with financial market conditions as well as relevant laws and regulations. The aforementioned date will be announced in a separate announcement upon becoming effective after being approved by the relevant competent authorities.
• Possible dilution of equity in case of any additional share exchange, stock swap, or subscription: The Chairperson is authorized to determine the details regarding dilution of equity in accordance with financial market conditions as well as relevant laws and regulations. The aforementioned details will be announced in a separate announcement upon becoming effective after being approved by the relevant competent authorities.
• Reasonableness and necessity of capital raising following a cash capital reduction (applicable to companies that have conducted a cash capital reduction in the current year or the preceding year): N/A
• Any other matters that need to be specified: The Chairperson is fully authorized to make amendments or adjustments to details regarding the fourth and fifth issuance of domestic unsecured convertible corporate bonds, including the issuance conditions, issuance schedule, and issuance and conversion methods as well as the capital utilization items, sources of funding, expected progress of capital utilization, projected benefits of the issuance, and other relevant items, in response to amendments made by the competent authorities, changes to relevant laws and regulations, or factors in financial markets or the industry environment.