Eastern Media International : Announcement of the Company's Board of Directors to determine the capital reduction record date and plan for exchange of shares and other related matters

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Provided by: EASTERN MEDIA INTERNATIONAL CORPORATION
SEQ_NO	1	Date of announcement	2022/07/04	Time of announcement	17:46:10
Subject	Announcement of the Company's Board of Directors to determine the capital reduction record date and plan for exchange of shares and other related matters
Date of events	2022/07/04	To which item it meets	paragraph 11
Statement	1.Date of the board of directors resolution:2022/07/04 2.Record date of capital reduction:2022/07/05 3.Plan for capital reduction and replacement of shares: I. On June 13, 2022, the Company's General Meeting of Shareholders passed a resolution to undertake a cash capital reduction plan. This plan was hereby formulated in accordance with the relevant stipulations of the Taiwan Stock Exchange Corporation Procedures for the Exchange of Securities Certificates by TWSE Listed Companies". II. Shares to be exchanged in this instance include all listed shares issued over the years, comprising 528,950,395 common shares at par value of 10 New Taiwan Dollars (denomination is the same below) for a total of 5,289,503,950 New Taiwan Dollars. III. This cash capital reduction is total 528,950,400 New Taiwan Dollars with cancellation of 52,895,040 issued shares for the purpose of improving return on shareholders' equity and earnings per share. In accordance with Article 168 of the Company Act, this capital reduction shall be implemented according to the proportions of shares held by shareholders, and the ratio of capital decrease shall be 10%. IV. Total number of shares to be exchanged following capital reduction, total amount, and ratio of exchange: The total number of shares to be exchanged following capital reduction is 476,055,355 shares with a par value of 10 New Taiwan Dollars, and the exchanged amount following capital reduction is 4,760,553,550 New Taiwan Dollars. This capital reduction,cancellation of shares, and exchange of new shares shall be conducted without physical issuance. Shares held by each shareholder are to be calculated separately in accordance with the"record date of capital reduction and exchange of shares"in the shareholder register, with 900 shares exchanged for every 1,000 shares (i.e., a reduction of 100 shares for every 1,000 shares). Following the capital reduction, fractional shares of less than one share are to be exchanged. At their own discretion, shareholders may register with the Company's stock agency from five days before the book closure date of the capital reduction and exchange to the day before the book closure date to handle registration for composition of whole shares. If the composition of fractional shares are not completed within the time limit, the face value shall be converted into cash by rounding the face value down to the nearest New Taiwan Dollar (with amounts below one New Taiwan Dollar to be discarded). The Chairperson is authorized to contact specified individuals for purchase of their fractional shares at face value. V. Schedule of capital reduction and exchange of shares: (I) The last trading day for capital reduction shares: August 10, 2022. (II) Period of suspension of trading for capital reduction shares: From August 11, 2022 to August 19, 2022. (III) Last date of transfer for capital reduction shares: August 14, 2022. (Because the last date of transfer of August 14, 2022 falls on a weekend, for on-site transfer, please arrive at the Company's stock agency before 4:30 pm on August 12, 2022 (Friday). For those using registered mail, a postmark of August 14, 2022 (the last date of transfer) shall serve as proof.). (IV) Period of suspension of transfer for capital reduction shares: From August 15, 2022 to August 19, 2022. (V) Record date of capital reduction and exchange of shares: August 19, 2022. (VI) Date of listing and trading of new shares and date of termination of listing of old shares: August 22, 2022. (VII) Date of issuance of cash capital reduction and refund of shares: August 24, 2022. (VIII) Shares to be exchanged this instance are to be done without physical issuance; their rights and obligations are to be the same as the old shares. VI. Exchange processes and procedures: (I) Stocks originally deposited in a securities portfolio account will be exchanged by the Taiwan Depository & Clearing Corporation on the day when the new shares are listed and traded into non-physically issued new shares for listing and trading, without any procedures required. (II) For those holding old certificates of existing shares who have completed the transfer, please bring the old certificates of the current shares and the original seal to the Company's stock agency for non-physical registration or set-up of account book transfer. (III) For those who fail to complete transfer and exchange of old certificates of existing shares being held, they should go to the Company's stock agency for non-physical registration or set-up account book transfer,bringing old certificates of current shares along with the associated transfer notice, purchase report or transaction tax bill, list of stock recovery numbers, photocopies of the front and back of ID cards, and seal. (IV) Exchange location: The Company's stock agency, President Securities Co., Ltd. Stock Agency Department, B1, No. 8, Dongxing Road, Taipei City, Tel: [phone]. VII. The treatment of allocation of deferred stocks issued by the Company before 1999 due to capitalization of retained earnings: If there are still existing shares that have not been transferred or have given up deferment, they shall be deducted according to the proportion of capital reduction and the deduction will be included in the incomeof the current year. If deferred shares from the capital reduction and exchange of newshares are transferred to the shareholder's personal portfolio account, it will be included in the shareholders' income for the current year. VIII. Date of issuance of cash capital reduction and refund of shares: August 24, 2022, issued by remittance or by "non-endorsement transfer" check sent by registered mail, and the remittance fee or postage shall be paid by the shareholder. IX. The payment of the funds in this case is the cash refund of the capital reduction approved by the competent authority, not distribution of earnings. When non-domestic shareholders receive cash refund of shares, they should consult the tax authorities of each country and tax declaration shall be made in accordance with the tax laws of the countries where the shareholders are located. X. This plan shall be undertaken by the Company after contacting the Taiwan Stock Exchange Co., Ltd. for verification. If there are changes in content or the related schedule, the Chairperson of the Board is proposed to handle such matters. XI. Other matters not covered here shall be handled in accordance with the Company Act and other relevant laws and regulations. 4.Record date of replacement of shares:2022/08/19 5.Book closure starting date:2022/08/15 6.Book closure ending date:2022/08/19 7.Rights and obligations of the new shares after capital reduction: The same as for the original common shares 8.Anticipated listing date for the new shares:2022/08/22 9.Estimated no.of listed common shares after issuance of new shares upon capital reduction:476,055,355 10.Estimated ratio of listed common shares after issuance of new shares upon capital reduction to outstanding common shares:100% 11.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%:Not applicable 12.Any other matters that need to be specified: (I) On June 13, 2022, the Company's General Meeting of Shareholders passed a resolution to undertake a cash capital reduction plan. It was approved by the Taiwan Stock Exchange Corporation on June 30 2022, and the application has entered force on record with the declaration made by Letter Taizhengshangyizi No. 1111802933 (II) This plan is to be undertaken by the Company after contacting Taiwan Stock Exchange Corporation for verification; if there is any change in the content or associated schedule, the Chairperson of the Board is authorized to handle such changes.