Announcement on behalf of subsidiary Addcn Technology (Samoa) Co., Ltd has resolved to conduct issuance of new shares through cash capital increase
· Issued by Addcn Technology Co., Ltd.
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Today's Information
Provided by: ADDCN TECHNOLOGY CO., LTD
SEQ_NO
5
Date of announcement
2022/08/12
Time of announcement
19:41:29
Subject
Announcement on behalf of subsidiary Addcn
Technology (Samoa) Co., Ltd has resolved to conduct
issuance of new shares through cash capital increase
Date of events
2022/08/12
To which item it meets
paragraph 11
Statement
1.Date of the board of directors resolution:2022/08/12
2.Source of capital increase funds:
Cash capital increase
3.Whether to adopt shelf registration
(Yes, please state issuance period/No):No
4.Total monetary value of the issuance and number of shares issued (shares
issued not including those distributed to employees if consisting in
capital increase from earnings or capital surplus): NA
5.If adopting shelf registration, monetary value and number of shares
to be issued this time: NA
6.The remaining monetary value and shares after this issuance when
adopting shelf registration: NA
7.Par value per share:USD$1 per share
8.Issue price: NA
9.Number of shares subscribed for by or allocated to employees: NA
10.Number of shares publicly sold: NA
11.Ratio of shares subscribed by or allotted as stock
dividends to existing shareholders: 100%
12.Handling method for fractional shares and shares
unsubscripted for by the deadline:NA
13.Rights and obligations of these newly issued shares:
Same as the original issued shares
14.Utilization of the funds from the capital increase:
Subscribe the new shares allotted by the subsidiar
15.Any other matters that need to be specified:
Total monetary value of the issuance:US$2,000,000
