Announcement of the resolution of the board of directors of the company to handle the case of capital reduction to cover accumulated deficits.
· Issued by Arima Communications Corp.
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Provided by: Arima Communications Corp.
SEQ_NO
13
Date of announcement
2022/03/24
Time of announcement
20:37:09
Subject
Announcement of the resolution of the
board of directors of the company to handle the case
of capital reduction to cover accumulated deficits.
Date of events
2022/03/24
To which item it meets
paragraph 11
Statement
1.Date of the board of directors resolution:2022/03/24
2.Reason for capital reduction:In order to strengthen the
financial structure and increase
the net worth per share, it is planned to reduce the capital
to cover accumulated deficits.
3.Amount of capital reduction:NTD1,352,577,168
4.Cancelled shares:common stock 135,257,717 shares
5.Capital reduction percentage:65%
6.Share capital after capital reduction:NTD728,310,783
7.Scheduled date of the shareholders meeting:2022/06/21
8.Estimated no.of listed common shares after issuance of new shares
upon capital reduction:Common Stock 72,831,078 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%:Not applicable
11.The record date for capital reduction:After the resolution
of the ordinary shareholders'
meeting is passed and reported to the chairman to take effect,
it is planned to authorize the board of directors to
make another decision.Capital reduction base date.
12.Any other matters that need to be specified:None
