Ventec International Announce on Behalf of Ventec Electronics (Suzhou) Co., Ltd. of Its Board Resolution to Increase Capital by Issuing New Shares from Earnings
· Issued by Ventec International Group Co., Ltd.
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Today's Information
Provided by: Ventec International Group Co.,Ltd.
SEQ_NO
2
Date of announcement
2022/05/24
Time of announcement
17:07:31
Subject
Announce on Behalf of Ventec Electronics
(Suzhou) Co., Ltd. of Its Board Resolution to
Increase Capital by Issuing New Shares from Earnings
Date of events
2022/05/24
To which item it meets
paragraph 11
Statement
1.Date of the board of directors resolution:2022/05/24
2.Source of capital increase funds:Capitalization of Earnings
3.Whether to adopt shelf registration (Yes, please state issuance period/No):
NA
4.Total monetary value of the issuance and number of shares issued (shares
issued not including those distributed to employees if consisting in
capital increase from earnings or capital surplus):
monetary value，US$ 1.5 million(RMB $9,523,000)/number of shares，NA
5.If adopting shelf registration, monetary value and number of shares
to be issued this time:NA
6.The remaining monetary value and shares after this issuance when
adopting shelf registration:NA
7.Par value per share:NA
8.Issue price:NA
9.Number of shares subscribed for by or allocated to employees:NA
10.Number of shares publicly sold:NA
11.Ratio of shares subscribed by or allotted as stock dividends to existing
shareholders:NA
12.Handling method for fractional shares and shares unsubscripted for by
the deadline:NA
13.Rights and obligations of these newly issued shares:NA
14.Utilization of the funds from the capital increase:
Strengthen the Capital Structure.
15.Any other matters that need to be specified:None
