fitipower's board of directors approved a proposal of reduce capital and refund cash to shareholders | fitipower integrated technology inc.-九游会登陆

1.date of the board of directors resolution:2023/04/19

2.reason for capital reduction:

  in order to adjust the capital structure, it is proposed to

  reduce capital and refund cash to shareholders.

3.amount of capital reduction:nt$652,908,590

4.cancelled shares:65,290,859 shares

5.capital reduction percentage:35%

6.share capital after capital reduction:nt$1,212,544,530

7.scheduled date of the shareholders meeting:2023/05/31

8.estimated no.of listed common shares after issuance of new shares

upon capital reduction:121,254,453 shares

9.estimated ratio of listed common shares after issuance of new shares upon

capital reduction to outstanding common shares:100%

10.please explain any countermeasures for lower circulation in

shareholding if the aforesaid estimated no.of listed common shares upon

capital reduction does not reach 60 million and the percentage does not

reach 25%:na

11.the record date for capital reduction:

  after receiving approval from the shareholders meeting and reporting

  to the competent authority for effectuation, the chairman will set

  the record date of capital reduction and that of replacement of

  shares.

12.any other matters that need to be specified:

  (1) based on the aforementioned total no. of shares issued,

      350 shares will be reduced for every 1,000 shares

      (i.e., every 1,000 shares will be replaced with 650 shares).

  (2) the new shares their rights and obligations are the same as

      those of the original shares.

      after receiving approval from the shareholders meeting and

      reporting to the competent authority for effectuation, the

      chairman will set the record date of capital reduction and

      that of replacement of shares.

      before the company’s record date of capital reduction with

      cash payment, it is proposed for the shareholders meeting to

      authorize the chairman to handle any changes to the company’s

      share capital, affecting the no. of outstanding shares, and thus

      the capital reduction ratio and the amount in cash returned per

      share; or any change and necessary adjustment caused by

      amendments in regulations or requests from competent authorities,

      or in response to any other objective factors.