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6.0.3 Rights Issue / Tender Offer Operations (RS/TU/TC/OO Categories) ​

6.0.3 Rights/Take-Over Operations (RS/TU/TC/OO Categories) ​

a. On the "Corporate Actions" page, click "New" to add a corporate action.

b. Select Manual Create: choose the Announcement Type (refer to 5.1 Announcement Types: RS (Right Subscription), OO (Open Offer), TU (Take-Over (Unconditional)), TC (Take-Over (Conditional))) / Underlying (stock code) / enter Announcement Number (must be unique) / select Ex-Date or Record Date, then click "Confirm".

Quick Create: only applicable when a CCNAN05 file has been imported.

The following uses RS (Right Subscription) as an example.

c. After adding, the item will appear on the main panel. Click "Details" in the action column to complete the information.

d. In the "Announcement Information" section, click "Edit"; fields marked with an asterisk (*) are mandatory. After completing the entries, click "Confirm".

  • Distribution: generally NOMINEE
  • Select Start Time: the start time chosen by the client in the app
  • Select End Time: the end time chosen by the client in the app
  • Select End Time (CCASS): the CCASS end time
  • Payment Date: the system accounting date (viewable on the "Clearing Management > End-of-Day Tasks" page; the accounting date shown below is February 2)

Note*: The app currently does not support clients selecting corporate actions of the RS, OO, TU, or TC types.

e. In the "Plan Information" section, click "Edit" to modify the rights distribution details.

f. On the "Edit Plan" page, fields marked with an asterisk (*) are mandatory. The default plan is "Yes." After completing entries, click "Confirm".

  • Plan Type: "RS-Subscription" denotes a rights distribution;
  • Execution Currency: the currency of distribution
  • Distribution Instrument: the stock code of the distributed security
  • Reinvestment Price: the price of the distributed rights

g. Mandatory fields for announcement types RS, OO, TU, and TC are listed below:

Note* RS - Rights Subscription (exercise of rights); OO - Open Offer (exercise of open offer); TU - Take-Over (Unconditional) (full takeover); TC - Take-Over (Conditional) (partial takeover)

The operation flow is consistent across types.

(i). Plan Type:

RS - Rights Subscription (exercise of rights)

  • Execution Currency: the currency of distribution
  • Distribution Instrument: the stock code of the distributed security
  • Reinvestment Price: the price of the distributed rights

(ii). Plan Type:

OO - Open Offer (exercise of open offer)

  • Execution Currency: the currency of distribution
  • Distribution Instrument: the stock code of the distributed security
  • Reinvestment Price: the price of the distributed shares

(iii). Plan Type:

TU - Take-Over (Unconditional) (full takeover)

  • Execution Currency: the currency of distribution
  • Reinvestment Price: the offer price for the shares

(iv). Plan Type:

TC - Take-Over (Conditional) (partial takeover)

  • Execution Currency: the currency of distribution
  • Reinvestment Price: the offer price for the shares

h. In the "Fee Rules" section, view the charged fees. To modify fees as a one-time change, click "Edit". After completing modifications, click "Confirm".

i. After verifying the Announcement Information, Plan Information, and Fee Rules, click "Register" and then "Confirm" to submit the registration.

Note* The app has not yet integrated the client-side option to select rights distribution features.

j. After successful registration, the "Details Summary" section will display exercisable shares and the number of clients.

k. In the "Client Details" section, view the eligible distribution clients. Click "Add": to add individual clients to the distribution list; Click "Void": to remove a client; Click "Details": to modify an individual client's fee information or the transfer portion of their entitlement information.

l. If any information has been modified, click "Re-register" to refresh the data. After confirming the data is correct, click "Collect Exercise Instructions" to proceed to the next step.

Time periods must progress sequentially: select Start Time < End Time < End Time (CCASS)

Tick whether to notify clients, then click "Confirm"; the status will update to "Collecting Instructions".

Note* The app has not yet integrated the client-side option to select rights distribution features.

m. While in the "Collecting Instructions" status, you may edit the number of shares to be exercised for clients. In the "Client Details" section, click "Details".

n. Click "Exercise" to modify the actual number of shares the client will exercise.

Please ensure the client has sufficient funds in the account reserved for subscription.

o. If you need to change a client's registered exercise quantity, first click "Revoke" under "Other Information (rights, offers, etc.)", and then click "Exercise" to modify the quantity.

p. After confirming the client's exercise quantities, you may click "Complete Instruction Collection Early".

q. Then click "Report Exercise Instructions".

Select whether to send an in-app push notification to clients.

r. Click "Backfill" to confirm exercise quantities; you may choose Original Value Backfill or Sub-Account Backfill and enter quantities, then click "Confirm".

Note*: The Backfill operation refers to the action of importing the final CCASS processing results back into the system after selected client instructions have been uploaded to CCASS for processing.

s. After verifying all information is correct, click "Submit for Execution".

t. Review personnel may click "Download Report SDR040-03" and select the PDF file; view the corporate action details under "Report Management > Export List". If the data is correct, click "Perform Review".

u. After verifying the information, click "Approve". If selected, the app will send a push notification.

v. The status will update to "Execution Successful".

x. To review distribution records, check the transaction history at "Assets Account > Account Details > Stocks".