ACON : Announcement on behalf of subsidiary Modern Frontier Limited that the board of directors approved cash payment for capital reduction

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Provided by: ACON Holding Inc.
SEQ_NO	16	Date of announcement	2022/08/11	Time of announcement	20:40:37
Subject	Announcement on behalf of subsidiary Modern Frontier Limited that the board of directors approved cash payment for capital reduction
Date of events	2022/08/11	To which item it meets	paragraph 11
Statement	1.Date of the board of directors resolution:2022/08/11 2.Reason for capital reduction:For group financial planning, enhance efficiency of fund utilization 3.Amount of capital reduction:USD 580,000 4.Cancelled shares:580,000 shares 5.Capital reduction ratio:10.74% 6.Share capital after capital reduction:USD 4,822,000.02 7.Scheduled date of the shareholders' meeting:2022/08/11 8.Estimated no.of TPEx-listed common shares after issuance of new shares upon capital reduction:NA 9.Estimated ratio of TPEx-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 TPEx-listed common shares upon capital reduction does not reach 5 million and the ratio does not reach 25%:NA 11.Record date of capital reduction:2022/08/11 12.Any other matters that need to be specified:None.