Announcement of retirement of treasury
shares of the Company and change of paid-in capital
registration
Date of events
2022/05/20
To which item it meets
paragraph 36
Statement
1.Date of the competent authority's approval of capital reduction:NA
2.Date of completion of capitalization change registration:2022/05/17
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)The paid in capital was NT$16,184,092,910. The paid
in capital after the retirement of treasury shares is
NT$16,184,092,860.
(2)The number of shares outstanding was 1,618,409,291 shares.
The number of shares outstanding after the retirement of
treasury shares is 1,618,409,286 shares. The difference is 5 shares.
(3)The net asset value per share was NT$21.85 before retirement.
It is NT$21.85 after retirement. (based on Q1 2022 financial report)
4.Plan for expected share replacement operations:NA
5.Estimated no.of listed common shares after capital reduction and new issue:
NA
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):NA
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:NA
8.Any other matters that need to be specified:
This retirement of treasury shares was abandoned by shareholder.
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Shinkong Synthetic Fibers Corporation published this content on 20 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 May 2022 10:24:08 UTC.
Shinkong Synthetic Fibers Corp is a Taiwan-based company mainly engaged in the manufacture and sale of chemical fiber and plastic related products. The Company operates through the Polyester segment, the Financial Securities segment, the Optoelectronics segment and others. Chemical fiber products include polyester pellets, polyester cotton, polyester yarn, polyester processed yarn and industrial yarn. Plastic products include polyester pellets for bottles, films, pet bottles and engineering plastics. Optical products include thin film transistor (TFT)-liquid crystal display (LCD) display photoluminescent films, tri-acetyl cellulose (TAC) films, and various polyester and film applications. Financial services include commercial banks, leasing, securities companies, and various services of life and product insurance agents. Other services include contracting, real estate development and information software services.