Announcement on behalf of major subsidiary LUXGEN MOTOR CO., LTD. Capitalreductionto cover losses
· Issued by Yulon Motor Co.,ltd
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Today's Information
Provided by: YULON MOTOR CO.,LTD
SEQ_NO
3
Date of announcement
2022/08/05
Time of announcement
19:48:25
Subject
Announcement on behalf of major subsidiary
LUXGEN MOTOR CO., LTD. Capitalreductionto cover losses
Date of events
2022/08/05
To which item it meets
paragraph 11
Statement
1.Date of the board of directors resolution:2022/08/05
2.Reason for capital reduction:Cover accumulated deficits
3.Amount of capital reduction:NT$5,550,000,000
4.Cancelled shares:555,000,000 per shares.
5.Capital reduction percentage:91.74%
6.Share capital after capital reduction:NT$500,000,000
7.Scheduled date of the shareholders meeting:2022/08/05
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:2022/09/22
12.Any other matters that need to be specified:None.
