Company: GGR
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001886190-25-000017
Chunk: 196

Company: Gogoro Inc.
Filing Date: 2025-03-31
Form: 20-F
Item: Item 18
Chunk 196
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3 and 2022. The movements of the number of preferred shares issued and fully paid were as follows:

                                               Unit: in Thousands of Shares                    
                                               For the Year Ended December 31,                 
                                               2024                                            
  Number of shares as of January 1             —                                       75,025  
  Repurchase of Series C preferred shares      —                                    ( 75,025)  
  Number of shares as of December 31           —                                               

b. Reserves

                                                                          As of December 31,                                            
                                                                          2024                                    2023                  
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Capital surplus - Issuance of ordinary shares                           $                          649,440      $            599,077  
  Capital surplus - Share-based compensation, net                                                     82,479                    70,835  
  Capital surplus - Changes in percentage of ownership in associates                                   2,541      —                     
  Accumulated deficits                                                                            ( 548,732)                ( 425,978)  
  Exchange Difference on Translation                                      ( 9,217)                                               4,729  
                                                                          $                          176,511      $            248,663  

Retained earnings and dividend policy

1) Subject to any rights and restrictions for the time being attached to any shares, or as otherwise provided for in the Companies Act and the Articles of Association of Gogoro, the board of directors of Gogoro may from time to time declare dividends (including interim dividends) and other distributions on shares of Gogoro in issue and authorize payment of the same out of the funds of Gogoro lawfully available therefor.

2) Subject to any rights and restrictions for the time being attached to any shares, Gogoro by ordinary resolution may declare dividends, but no dividend shall exceed the amount recommended by the board of directors of Gogoro.

3) The board of directors may determine, before recommending or declaring any dividend, to set aside out of the funds legally available for distribution such sums as they think proper as a reserve or reserves which shall be applicable for meeting contingencies, or for equalizing dividends or for any other purpose to which those funds may be properly applied and pending such application may, at the determination of the board of directors of Gogoro, either be deployed in business of Gogoro or be invested in such investments as the board of directors of Gogoro may from time to time think fit.

17. OPERATING