REG-Shin Kong Financial Holding Co. Ltd.: Notice on exercise of put option by bondholders <Origin Href="QuoteRef">2888.TW</Origin>

Shin Kong Financial Holding CoAnnouncement

09/03/2015 07:00

Company code: 2888

No: 1

Subject: SKFH announcement on exercise of put options by bondholders of second issue of 
domestic unsecured convertible corporate bonds from 3 years after issuance  

To which item it meets--article 4 paragraph xx: 49

Date of events: 2015/03/06

Contents:

1. Date of occurrence of the event: 2015/03/06

2. Company name: Shin Kong Financial Holding Co., Ltd.

3. Relationship to the Company (please enter "head office" or "subsidiaries"): Head office

4. Reciprocal shareholding ratios: N/A

5. Name of the reporting media: N/A

6. Content of the report: N/A

7. Cause of occurrence: Bondholders may exercise the put option in accordance with Article 
20 of the company's Procedures for the Issuance and Conversion of the Second Domestic 
Unsecured Convertible Bonds.

8. Countermeasures: 

(1) According to Article 20 of the company's Procedures for the Issuance and Conversion of
the Second Domestic Unsecured Convertible Bonds (hereinafter referred to as "the convertible 
bonds"), holders of the convertible bonds may exercise the put option three years after the 
issuance of the convertible bonds. (issuance date: April 23, 2012).

(2) Bondholders may exercise the put option during the period of March 25, 2015 to 
April 23, 2015. Options may not be exercised after this time. The option exercise will be 
effective from the time of receipt of the put exercise application form and may not be 
revoked. 

(3) Bond put price: Face value plus interest premium (101.51% of face value when held for 
three years). 

(4) Bond put procedures:

The convertible bonds are issued without the actual physical securities print. Bondholders 
should submit the following documents to their original broker between the business day 
before the start date for exercising the put option (March 24, 2015) and the business 
day before the cut-off date of April 23, 2015 (April 22, 2015) to perform the bond put 
procedures.

       1) The "Application Form for Convertible Bond Book-entry Transfer 
          Conversion/Redemption/Put" (Note: In the case of put, the address of the 
          check recipient or holders' remittance bank account should be provided along 
          with the seal stamp for the central depository account.

       2) Securities Passbook

       3) Photocopy of bank passbook cover

(5) The company will, after deducting taxes, the supplemental insurance premium and 
postal/remittance fees, pay the proceeds of sold bonds to bondholders by mailed check or 
remittance within five business days after the standard date of the bond put (April 23, 2015). 

(6) Taxes on bond put:

       1) Domestic natural persons and legal persons: Natural persons are separately taxed 
          at a rate of 10%. Legal persons are subject to a withholding tax of 10%, to be 
          reported jointly with business income tax. 
 
       2) Non-resident foreign natural and legal persons: Interest income tax rate of 15%. 

(7) The Regulations Governing the Deduction and Payment of the Supplementary Insurance 
Premium of the National Health Insurance (NHI) stipulates that NHI insured persons 
(natural persons) with corporate bond interest income of less than NT$5,000 are not subject 
to deduction of the supplemental insurance premium; and if such income amounts to NT$5,000 
or more, a second-generation NHI supplemental premium of 2% shall be withheld at source 
at the time of payment. 

(8) SKFH's agent of stock affairs: 

MasterLink Securities Corporation, Stock Affairs Division 
Address: B1, No.35, Lane 11, Guangfu N. Rd., Songshan District, Taipei
Tel: (02)2768-6668 

9. Any other matters that need to be specified: None







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