The Board of Directors of the company resolves to
conduct capital reduction
Date of events
2022/03/23
To which item it meets
paragraph 11
Statement
1.Date of the board of directors resolution:2022/03/23
2.Reason for capital reduction:In order to adjust the capital structure
and increase the return on equity,it is proposed to reduce capital
and refund cash to shareholders
3.Amount of capital reduction:NT$214,021,600
4.Cancelled shares:21,402,160 shares
5.Capital reduction percentage:10%
6.Share capital after capital reduction:NT$1,926,194,420
7.Scheduled date of the shareholders meeting:2022/06/23
8.Estimated no.of listed common shares after issuance of new shares
upon capital reduction:192,619,442 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%:N/A
11.The record date for capital reduction:After the approval of this capital
reduction from the shareholders' meeting and the authorities, the Board
of Directors will set schedule and timeline for the record date of the
capital reduction and that of exchange of shares
12.Any other matters that need to be specified:
(1)Based on the total number of shares issued, approximately 100 shares
(is about 900 shares will be re-issued for each stock) will be reduced
per 1,000 share.
(2)The new shares with cash replenishment were issued without entities,
their rights and obligations were the same as those of the original
shares. After the approval of this capital reduction from the
shareholders' meeting and the authorities,the Board of Directors
will set schedule and timeline for the record date of the capital
reduction and that of exchange of shares. Before the record date,
any changes to the capital reduction ration and the amount returned
per share caused by adjustment in regulations or in response to any
other factors, will be brought up at the shareholders' meeting in
order to authorize the Chairman of the Board to deal with the issue
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Everspring Industry Co. Ltd. published this content on 23 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 March 2022 09:13:01 UTC.
Everspring Industry Co Ltd is a Taiwan-based company principally engaged in the manufacture, development and sale of smart home products. The Company's products include smart security and anti-theft automation systems, smart lighting products, smart sensors, alarms, and controller products. The Company mainly sells its products domestically and overseas.
EVERSPRING INDUSTRY CO., LTD. 
