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Statement
| 1.Date of the board of directors resolution:NA
2.Record date of capital reduction:2022/08/15
3.Plan for capital reduction and replacement of shares:
In order to increase return on shareholders' equity and adjust the capital
structure, the Company proceed to process capital reduction in cash. It is
resolved by the 2022 Annual General Shareholders' Meeting (the "Meeting")
on June 24 and approved by the letter of approval from Taiwan Stock
Exchange Corporation with reference number 1111803817, Dated August 10,
2022. In accordance with the "Taiwan Stock Exchange Corporation Procedures
for the Exchange of Securities Certificates by TWSE Listed Companies",
the Company shall set the plan for capital reduction and replacement of
shares.
(1)The matters of the plan are as followed:
a.The name of the shares to be transferred:
Common shares of Innolux Corporation.
b.The shares to be transferred include all the listed common shares
amounted 10,559,620,051 shares with par value NTD 10, amounted
NTD 105,596,200,510.
c.Total shares and amount of capital reduction:
1,003,163,905 shares; amounted NTD 10,031,639,050; capital reduction
percentage:9.50%.
d.Cash refund per share:NTD 0.95 per holding share（rounded up to the
nearest integer）in cash.
e.Total shares and amount of the common shares after the capital
reduction:9,556,456,146 shares with par value NTD 10; amounted
NTD 95,564,561,460.
f.The share conversion is based on the shareholders roster as of "the
record date of replacement of share". 905 new shares will be issued
for each thousand shares. After capital reduction, shareholders may
combine shares of common stock less than 1 share with the stock
transfer agency of the Company within 5 days prior to the book closure
date. For fractional shares of common share that are still less than
1 share after combination, cash will be distributed at the closing
price（rounded up to the nearest integer）on the last trading date at
the stock exchange market before the record date of replacement of
shares; Chairman is authorized to appoint a specific party to
subscribe to such fractional shares at the closing price.
g.The new shares will be issued without any entity, and the rights and
obligations of the new shares will be the same as those of the
original shares.
(2)Schedule:
a.The last trading date of old shares:2022/09/28.
b.Period of suspension of old shares:2022/09/29~2022/10/07.
c.Last date before book closure of old shares:2022/10/02.
(Since the book closure ending date is 2022/10/02, which is a regular
holiday, the on-site stock transfer date will be 2022/09/30. Please
come to the Company's stock registration and transfer service agent,
Grand Fortune Securities Co., Ltd.
(6F., No. 6, Sec. 1, Zhongxiao W. Rd., Zhongzheng Dist., Taipei City)
in advance before 16:30 on 2022/09/30. For those who participate in
the centralized transfer of accounts with Taiwan Depository & Clearing
Corporation (TDCC), the Company's stock registration and ransfer
service agent will go through the transfer procedures according to the
information submitted by them.)
d.Book closure period:2022/10/03~2022/10/07.
e.Record date of replacement of shares:2022/10/07.
f.The date of listing and trading of new shares, and the date of
delisting of the old shares:2022/10/11.
g.The date of cash refund:2022/10/14.
From the date of listing and trading of new shares, old shares shall
not be used as a subject of trading and delivery.
(3)Conversion procedure:
a.The stock registration and transfer service agent of the Company will
print and deliver the notice of replacement of share certificates to
the Shareholders.
b.TDCC will transfer all the shares which have been deposited in
centralized custody accounts in scripless form on the first trading
date of the new shares for future trading.
c.Location of the Company's stock registration and transfer service
agent: Grand Fortune Securities Co., Ltd.
Address: 6F., No. 6, Sec. 1, Zhongxiao W. Rd., Zhongzheng Dist.,
Taipei City,10041
Tel: +886 2 2371 1658
(4)The plan was sumbitted to Taiwan Stock Exchange Corporation in
accordance with the Taiwan Stock Exchange Corporation's operation
schedule. In order to comply with the change of the actual operation
schedule of the competent authority, the authorized Chairman may revise
the estimated relevant schedule according to the actual progress
if necessary.
(5)Other unaccomplished matters shall proceed in accordance with the
Company Act and other relevant regulations.
4.Record date of replacement of shares:2022/10/07
5.Book closure starting date:2022/10/03
6.Book closure ending date:2022/10/07
7.Rights and obligations of the new shares after capital reduction:The new
shares will have the same rights and obligations as the original shares.
8.Anticipated listing date for the new shares:2022/10/11
9.Estimated no.of listed common shares after issuance of new shares upon
capital reduction:9,556,456,146 shares.
10.Estimated ratio of listed common shares after issuance of new shares upon
capital reduction to outstanding common shares:100%
11.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%:NA
12.Any other matters that need to be specified:
It is proposed and resolved by the Meeting on June 24 that the Chairman
be authorized to determine the record date for capital reduction and
replacement of shares, and other related matters.
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