Announcement of capital reduction in cash on behalf of NeWeb Holding Corporation

Back List
Announcements

2022-01-21

Announcement of capital reduction in cash on behalf of NeWeb Holding Corporation

Share on

Company code: 6285

No: 1

Subject: Announcement of capital reduction in cash on behalf of NeWeb Holding Corporation

To which item it meets: article 4 paragraph 11

Date of events: 2022/01/21

Contents:

  • Date of the board of directors resolution:2022/01/21
  • Reason for capital reduction: Capital reduction in cash
  • Amount of capital reduction: US$10,000,000
  • Cancelled shares: 10,000,000
  • Capital reduction percentage: 9.68%
  • Share capital after capital reduction: US$93,300,000
  • Scheduled date of the shareholders meeting: NA
  • Estimated no.of listed common shares after issuance of new shares upon capital reduction: NA
  • Estimated ratio of listed common shares after issuance of new shares upon capital reduction to outstanding common shares: NA
  • .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
  • The record date for capital reduction: 2022/01/21
  • Any other matters that need to be specified: None