The Board of Directors of the Company resolved to
conduct capital reduction
Date of events
2022/03/28
To which item it meets
paragraph 11
Statement
1.Date of the board of directors resolution:2022/03/28
2.Reason for capital reduction:
In order to improve the return on eguity and adjust
capital structure,the company proposed to execute
a capital reduction by cash.
3.Amount of capital reduction:NTD433,782,080
4.Cancelled shares:43,378,208shares
5.Capital reduction percentage:10%
6.Share capital after capital reduction:NTD3,904,038,700
7.Scheduled date of the shareholders meeting:2022/6/22
8.Estimated no.of listed common shares after issuance of new shares
upon capital reduction:390,403,870shares
9.Estimated ratio of listed common shares after issuance of new shares upon
capital reduction to outstanding common shares:100%
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:
After approved by annual shareholders' meeting and the competent authority,
the chairman will be authorized to set capital reduction date and capital
stock renewal base date and other related matters.
12.Any other matters that need to be specified:
a.According to the total shares issued in the preceding paragraph,
900 new shares were issued for each thousand shares.
After capital reduction, shareholders may combine shares of common stock
less than 1 share with the Company for stock affairs before the closing
date of the capital reduction and share transfer to the day before the
closing of the transfer. For fractional shares of common stock that are
still less than 1 share after combination, cash will be distributed at
the par value of stock (rounded up to the nearest integer) for cash
reduction and stock conversion; Chairperson is authorized to appoint a
specific party to subscribe to such fractional shares at the par value of
stock price.
b.The new shares are intended to be issued without physical
certificates but the shareholders rights and obligations will be the same
with the shareholders who own physical certificates of the shares.
After being agreed by the Annual General Shareholders' Meeting and being
approved by the authority, the chairman of the board will be authorized to
set the dates of capital reduction and new share issuing and to conduct
any other related matters.
c.Before the date of this capital reduction, if the authority
revises the minimum capital or in response to other objective
environmental corrections that influences the outstanding number of
shares in issue and therefore capital reduction ratio fluctuates,
it is intended that the Annual General Shareholders' Meeting authorizes
the chairman of the board to deal with the issue.
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Champion Building Materials Co. Ltd. published this content on 28 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 March 2022 09:50:10 UTC.
Champion Building Materials Co Ltd is a Taiwan-based company principally engaged in the manufacturing and trading of ceramic tiles. The main products include polished tiles, facade tiles, marble tiles, slate tiles, floor tiles and wall tiles are used for laying exterior walls, floors and walls of buildings. The Company is also engaged in the manufacturing of stone products business, development of specialized area, new town and new community business, manufacturing of refractory materials and other chemical products business. The main products are mainly sold to Asia, America and Australia and others.
CHAMPION BUILDING MATERIALS CO.,LTD. 