Fulltech Fiber Glass Corp announces retained earnings transferred to new shares.

 Fulltech Fiber Glass Corp announces retained
earnings transferred to new shares.

1.Date of the board of directors resolution:2022/05/10
2.Source of capital increase funds:retained earnings
3.Whether to adopt shelf registration
  (Yes, please state issuance period/No):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):
Total monetary amount of the issue:128,540,560dollars
Number of shares issued:12,854,056shares
5.If adopting shelf registration, monetary value and number of shares
to be issued this time:NA
6.The remaining monetary value and shares after this issuance when
adopting shelf registration:NA
7.Par value per share:10 dollars
8.Issue price:NA
9.Number of shares subscribed for by or allocated to employees:NA
10.Number of shares publicly sold:NA
11.Ratio of shares subscribed by or allotted as stock
dividends to existing shareholders:
each thousand shares will appropriate stock dividends 30 shares.
12.Handling method for fractional shares and shares
unsubscripted for by the deadline:
Odd lots of different shareholders can be combined and submitted
to company in five days after the stock dividend closing date.
Otherwise, the Company will pay in cash (calculate based on the
par value and rounding to dollar) and combined shares will be
bought by specific persons who appointed by chairman authorized
by the 2022 regular meeting of shareholders.
13.Rights and obligations of these newly issued shares:
as the same as issued common shares
14.Utilization of the funds from the capital increase:
to strengthen the financial structure
15.Any other matters that need to be specified:
(1)After having the approval from the 2022 regular meeting of shareholders
and the competent authority, the board of directors is authorized to set the
capital increased record date.
(2)If the number of the outstanding shares of the Company is subsequently
changed due to purchasing of treasury stock, shares transferred or canceled,
CB conversion or other circumstances resulting in the increase or decrease
of the number of the outstanding shares in circulation changes, resulting in
the stock dividend payout ratio been changed, the chairman is authorized by
the 2022 regular meeting of shareholders to dealing with all affairs.
(3)The chairman is authorized by the 2022 regular meeting of shareholders to
dealing with all affairs if regulations changes or the competent authority
requirements.