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- Announcement on behalf of the Company's subsidiary on resolving its capital reduction in cash to the Company.
2024-05-10
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Announcement on behalf of the Company's subsidiary on resolving its capital reduction in cash to the Company.
Subject： Announcement on behalf of the Company's subsidiary on resolving its capital reduction in cash to the Company.
To which item it meets：paragraph 11
Date of events： 2024/5/10
Statement:
1.Date of the board of directors resolution:2024/05/10
2.Reason for capital reduction:In order to align with the Group’s aggregate capital planning, the owned subsidiary Sinyi International Limited conduct capital reduction by US$ 16,600 thousand in cash.
3.Amount of capital reduction:US$ 16,600 thousand
4.Cancelled shares:not applicable
5.Capital reduction percentage:4.98%
6.Share capital after capital reduction:US$316,649 thousand
7.Scheduled date of the shareholders meeting:2024/05/10
8.Estimated no.of listed common shares after issuance of new shares upon capital reduction:not applicable
9.Estimated ratio of listed common shares after issuance of new shares upon capital reduction to outstanding common shares:not applicable
10.Please explain any countermeasures for lower circulation in shareholding if the aforesaid estimated no.of listed common shares upon capital reduction does not reach 60 million and the percentage does not reach 25%:not applicable 11.The record date for capital reduction:not applicable 12.Any other matters that need to be specified:none.
To which item it meets：paragraph 11
Date of events： 2024/5/10
Statement:
1.Date of the board of directors resolution:2024/05/10
2.Reason for capital reduction:In order to align with the Group’s aggregate capital planning, the owned subsidiary Sinyi International Limited conduct capital reduction by US$ 16,600 thousand in cash.
3.Amount of capital reduction:US$ 16,600 thousand
4.Cancelled shares:not applicable
5.Capital reduction percentage:4.98%
6.Share capital after capital reduction:US$316,649 thousand
7.Scheduled date of the shareholders meeting:2024/05/10
8.Estimated no.of listed common shares after issuance of new shares upon capital reduction:not applicable
9.Estimated ratio of listed common shares after issuance of new shares upon capital reduction to outstanding common shares:not applicable
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%:not applicable 11.The record date for capital reduction:not applicable 12.Any other matters that need to be specified:none.