Correct approval of cancellation of restricted
employee shares by competent authority
Date of events
2022/04/12
To which item it meets
paragraph 36
Statement
1.Date of the competent authority's approval of capital reduction:2022/04/11
2.Date of completion of capitalization change registration:2022/04/11
3.Effect on the financial statements (including any discrepancy between the
amount of paid-in capital and the no.of shares outstanding, and the effect
on net worth per share):
(1)Before approval of cancellation of new restricted employee shares:
˙The Company's paid-in capital was NT$ 546,245,690.
˙The number of common shares was 54,624,569 shares.
˙The number of common shares outstanding was 51,864,569 shares.
(Excluding 2,760,000 treasury shares)
˙The net book value was NT$8.11 per share.
(2)Amount of the capital reduction is NT$920,000(92,000 shares cancelled).
(3)After approval of cancellation of new restricted employee shares:
˙The Company's paid-in capital was NT$ 545,325,690.
˙The number of common shares was 54,532,569 shares.
˙The number of common shares outstanding was 51,772,569 shares.
(Excluding 2,760,000 treasury shares)
˙The net book value was NT$8.12 per share.
4.Plan for expected share replacement operations:N/A
5.Estimated no.of listed common shares after capital reduction and new issue:
N/A
6.Estimated no.of listed common shares as a percentage of issued common
shares after capital reduction and new issue (No.of common shares after
capital reduction/No.of issued common shares):N/A
7.Countermeasures for poor circulation of equity if the aforesaid estimated
no.of listed common shares does not reach 60 million shares and the
percentage does not reach 25% after capital reduction:N/A
8.Any other matters that need to be specified:
(1)The Company received the MOEA's approval letter of capital amendment
registration on 2022/04/12.
(2)The above net book value per share was based on the latest(2021/Q4)
Financial Reports audited by CPA.
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AG Neovo - Associated Industries China Inc. published this content on 12 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 April 2022 08:40:02 UTC.
Associated Industries China, Inc. is a Taiwan-based company principally engaged in the research and development and sales of liquid crystal display (LCD) products and its components. The Company operates through three segments. The LCD Products segment is engaged in the research and development and sales of LCD products and related products. The LCD products under its proprietary brand, AG Neovo, are applied in security surveillance, commercial electronic panels, touch panels, education and research, traffic and transportation and healthcare industries. The Medical Equipment segment is engaged in the sales of medical equipment. The Properties Leasing segment is engaged in the leasing of properties. The Company operates businesses in the Americas, Europe and Asia, among others.
ASSOCIATED INDUSTRIES CHINA, INC. 