Board of Directors approved the cancellation of restricted shares to employees stock awards and repurchased shares

 JEAN Board of Directors approved the cancellation
of restricted shares to employees stock awards and
repurchased shares

1.Date of the board of directors resolution:2022/03/08
2.Reason for capital reduction:
 (1)Since some employees had failed to meet the vesting conditions for the
    new restricted employee shares, the company shall redeem and cancel
    the issued new restricted employee shares in accordance with the terms
    of the issuance rules.
 (2)The company shall perform amendment registration for the second
    buyback shares cancellation in compliance with Article 28-2, paragraph
    4 of the Securities and Exchange Act.
3.Amount of capital reduction:
 (1)NTD    179,970
 (2)NTD 32,700,000
4.Cancelled shares:
 (1)Common stocks    17,997 shares
 (2)Common stocks 3,270,000 shares
5.Capital reduction percentage:1.34%
6.Share capital after capital reduction:
 NTD2,413,475,630 (Including preferred stock)
7.Scheduled date of the shareholders meeting:NA
8.Estimated no.of listed common shares after issuance of new shares
upon capital reduction:NA
9.Estimated ratio of listed common shares after issuance of new shares upon
capital reduction to outstanding common shares:NA
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%:NA
11.The record date for capital reduction:2022/03/11
12.Any other matters that need to be specified:None