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Announcement of capital increase by issuing new shares on behalf of High Tech Computer Asia Pacific Pte. Ltd.
1.Date of the board of directors resolution:2011/10/14
2.Source of capital increase funds:Capital increase from HTC Corp.
3.Number of shares issued:300,000,000 shares
4.Par value per share:US$1
5.Total monetary amount of the issue:US$300,000,000
7.Number of shares subscribed by or allotted to employees:N/A
8.Number of shares publicly sold:N/A
9.Ratio of shares subscribed by or allotted as stock dividends to existing shareholders:100% subscribed by existing shareholder, HTC Corp.
10.Method of handling fractional shares and shares unsubscribed by the deadline:N/A
11.Rights and obligations of the newly issued shares:New shares proposed for issuance are common shares. The rights and obligations of the new shares proposed for issuance shall be identical to previously issued common shares.
12.Utilization of the funds from the capital increase: For the acquisition of 51% shareholding of Beats Electronics, LLC. The acquisition has been announced by HTC Corp. before.
13.Any other matters that need to be specified:None