Zhen Ding Priced US$400 Million Offering of Overseas Convertible Bonds

Taoyuan, Taiwan, June 23, 2020 -- Zhen Ding Technology Holding Limited (TWSE: 4958) today announced the third unsecured overseas convertible bonds issuance (the “Bonds”; ISIN number: XS2195093674) is priced with the conversion price of NT$157.45 on June 22, 2020. The Bonds is expected to issue on June 30, 2020 and raised a total of US$400 million from the offering.

The zero coupon Bonds will mature on June 30, 2025 at 100.00% of their principal amount. The closing price of our shares on the TWSE on June 22, 2020 was NT$134.00. With such closing price as the reference share price, the conversion premium is calculated as 17.5%. The proceeds of this offering will be used to supplement the Company’s working capital and for the repayment of loans. With a solid financial health, we will continue to invest in R&D of advanced technology and strengthen our leading position in the high-end product market.

About Zhen Ding Technology Holding
Zhen Ding Technology Holding Limited (TWSE: 4958) was established in 2006. The Company’s main investments include Avary Holding (Shenzhen) Co., Limited (SZSE: 002938) and Qi Ding Technology Qinhuangdao Co., Limited. Zhen Ding specializes in printed circuit board (“PCB”) and semiconductor related products, with early stage design-in, R&D, manufacturing and sales. The Company’s products are used in the wide range of applications for computing, consumer, communications, automotive electronics and medical segments.

Zhen Ding Spokesperson
Duen Ling
Spokesperson and Investor Relations Division
Tel: +886 3 383 5678 Ext.3801