Chung Hsin Electric and Machinery Manufacturing : CHEM as the parent company to announce the capital reduction on behalf of the subsidiary, CHEM Corp.

 CHEM as the parent company to announce the capital
reduction on behalf of the subsidiary, CHEM Corp.

1.Date of the board of directors resolution:2022/08/09
2.Reason for capital reduction:Cash reduction and withdrawal of shares
3.Amount of capital reduction:USD 6 Million
4.Cancelled shares:6,000,0000 shares
5.Capital reduction percentage:7.42%
6.Share capital after capital reduction:USD 74,856,648
7.Scheduled date of the shareholders meeting:N/A
8.Estimated no.of listed common shares after issuance of new shares
upon capital reduction:N/A
9.Estimated ratio of listed common shares after issuance of new shares upon
capital reduction to outstanding common shares:N/A
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%:N/A
11.The record date for capital reduction:authorized to approve.
12.Any other matters that need to be specified:None.