Announcement and notice to creditors of capital
reduction by the Company
Date of events
2022/06/23
To which item it meets
paragraph 51
Statement
1.Date of occurrence of the event:2022/06/23
2.Company name:Eternal Materials Co., Ltd.
3.Relationship to the Company (please enter "head office" or
"subsidiaries"):head office
4.Reciprocal shareholding ratios:NA
5.Cause of occurrence:
The 2022 Annual Shareholder's Meeting approved the Capital
Reduction in cash
6.Countermeasures:
(1) In order to improve return on equity and optimize the
capital structure, the proposal of a cash reduction and
refund to shareholders has been approved through the
resolution of shareholders on June 23rd, 2022
(2)The Company's current paid-in capital is TWD12,402,794,550,
from which deducting 62,013,972 ordinary shares cancelled,
the capital reduction of TWD620,139,720 accounts for 5%. After
capital reduction, the Company's paid-in capital will be TWD11,782,654,830.
(3)If creditors have any objection to the capital reduction
proposal,please submit it in writing to the Company until July 23rd,2022
from the date of the announcement so that the Company can it in
accordance with the provisions of Articles 281, applying
mutatis mutandis the provisions of Article 73 and Article 74
of Company Act. It is hereby announced that you will be
regarded as having no objection if not expressing the objection
after the deadline.
7.Any other matters that need to be specified:None
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Disclaimer
Eternal Materials Co. Ltd. published this content on 23 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 June 2022 11:45:09 UTC.
Eternal Materials Co Ltd is a Taiwan-based company principally engaged in the manufacture and sales of synthetic resins. The Company is also engaged in the manufacture of electronic chemical materials and special chemicals. The Company's products portfolio consists of general purpose resins, polyester resins, coating resins, special chemicals, circuit substrates, dry film photo resists, liquid crystal display (LCD) optical films, solar battery conductive adhesives, as well as silica gel materials for light emitting diode (LED) packaging and others. The Company's products are mainly applied in energy and public utilities, transportation industries, construction and furniture industries, electronics and motors, disposable consumer products, packaging and printing, healthcare and metal machinery. The Company distributes its products mainly in Taiwan, Mainland China and other markets.
ETERNAL MATERIALS CO., LTD. 
