Announcement of the Board of Directors of M31 resolved to process the cancellation of restricted employee shares for capital reduction
· Issued by Fuzetec Technology Co., Ltd.
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Today's Information
Provided by: M31 Technology Corporation
SEQ_NO
3
Date of announcement
2022/08/02
Time of announcement
19:28:53
Subject
Announcement of the Board of Directors of M31
resolved to process the cancellation of restricted
employee shares for capital reduction
Date of events
2022/08/02
To which item it meets
paragraph 11
Statement
1.Date of the board of directors resolution:2022/08/02
2.Reason for capital reduction:M31 resolved to redeem and cancel the employee
restricted shares for capital reduction since employees granted the
restricted employee shares failed to meet vesting conditions.
3.Amount of capital reduction:NTD30,000
4.Cancelled shares:3,000 shares
5.Capital reduction ratio:0.009%
6.Share capital after capital reduction:NTD317,100,000
7.Scheduled date of the shareholders' meeting:NA
8.Estimated no.of TPEx-listed common shares after issuance
of new shares upon capital reduction:31,710,000 shares
9.Estimated ratio of TPEx-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 TPEx-listed
common shares upon capital reduction does not reach 5 million
and the ratio does not reach 25%:N/A
11.Record date of capital reduction:2022/08/09
12.Any other matters that need to be specified:None.
