【Rongcheng Electric】Announces Board of Directors' Approval of Capital Plan Change for the 2nd Domestic Unsecured Convertible Corporate Bonds

AI Summary (NQ-processed)

Rongcheng Electric's Board of Directors resolved on April 9, 2026, to change the capital plan for its 2nd domestic unsecured convertible corporate bonds. The construction of the operational headquarters, originally scheduled for completion in Q3 2023, was delayed due to design changes, COVID-19, and rising raw material costs. The total project cost increased from NT$552,318 thousand to NT$741,318 thousand, with completion now expected in Q1 2025. Annual rent savings are projected to decrease from NT$24,714 thousand to NT$12,965 thousand, but the overall benefits remain positive.