Announcement the approval by relevant authority for capital reduction in cash on behalf of Nettech Technology (Suzhou) Co., Ltd.
· Issued by Cameo Communications, Inc.
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Today's Information
Provided by: CAMEO COMMUNICATIONS,INC.
SEQ_NO
1
Date of announcement
2022/02/14
Time of announcement
16:21:46
Subject
Announcement the approval by relevant authority
for capital reduction in cash on behalf of Nettech
Technology (Suzhou) Co., Ltd.
Date of events
2022/02/14
To which item it meets
paragraph 36
Statement
1.Date of the competent authority's approval of capital reduction:2022/02/11
2.Date of completion of capitalization change registration:2022/02/11
3.Effect on the financial statements (including any discrepancy between the
amount of paid-in capital and the no.of shares outstanding, and the effect
on net worth per share):
(1)Before approval of capital reduction:USD 27,714,433
(2)Amount of the capital reduction is USD 25,000,000
(3)After approval of capital reduction: USD 2,714,433
4.Plan for expected share replacement operations:NA
5.Estimated no.of listed common shares after capital reduction and new issue:
NA
6.Estimated no.of listed common shares as a percentage of issued common
shares after capital reduction and new issue (No.of common shares after
capital reduction/No.of issued common shares):NA
7.Countermeasures for poor circulation of equity if the aforesaid estimated
no.of listed common shares does not reach 60 million shares and the
percentage does not reach 25% after capital reduction:NA
8.Any other matters that need to be specified:
Approval letter was obtained on 2022/02/14.
