On behalf of important subsidiary Goldsun International Development Corp.to announce the board of directors' resolution of capital reduction
· Issued by Goldsun Building Materials Co., Ltd.
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Provided by: Goldsun Building Materials Co., Ltd.
SEQ_NO
4
Date of announcement
2021/11/09
Time of announcement
16:32:48
Subject
On behalf of important subsidiary Goldsun International
Development Corp.to announce the board of directors'
resolution of capital reduction
Date of events
2021/11/09
To which item it meets
paragraph 11
Statement
1.Date of the board of directors resolution:2021/11/09
2.Reason for capital reduction:
In order to activate the use of funds of investors,
and adjust the capital structure to increase the
return on equity.
3.Amount of capital reduction:USD7,500,000
4.Cancelled shares:7,500,000 shares
5.Capital reduction percentage:15.76%
6.Share capital after capital reduction:USD40,100,000
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:NA
12.Any other matters that need to be specified:None
