The Board of Directors resolved to approve the capital increase from earnings of the subsidiary- Le Long Vietnam Co., Ltd.
· Issued by Kung Long Batteries Industrial Co., Ltd.
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Today's Information
Provided by: KUNG LONG BATTERIES INDUSTRIAL CO.,LTD
SEQ_NO
1
Date of announcement
2022/08/05
Time of announcement
14:03:08
Subject
The Board of Directors resolved to approve the capital
increase from earnings of the subsidiary- Le Long Vietnam
Co., Ltd.
Date of events
2022/08/05
To which item it meets
paragraph 51
Statement
1.Date of occurrence of the event:2022/08/05
2.Company name:Kung Long Batteries Industrial Co., Ltd.
3.Relationship to the Company (please enter "head office" or
"subsidiaries"):N/A
4.Reciprocal shareholding ratios:N/A
5.Cause of occurrence:
For the next 5 years'(2023~2027) requirements of operation
and expansion, the subsidiary- Le Long Vietnam Co., Ltd.
intends to increase capital from earnings by USD 5,400,000.
After capital increase the total share capital is
USD 37,400,000.
6.Countermeasures:N/A
7.Any other matters that need to be specified:
This proposal will be announced after the subsidiary- Le Long
Vietnam Co., Ltd. convenes the meeting of the Board of Directors
to resolve the record date of capital increase and related
information.
