Announcement for completion of the Capital Reduction as a result of the cancellation of Restricted Employee Shares
Date of the Competent Authority’s approval of the capital reduction | August 29, 2017 |
Date of completion of capital amendment registration | August 21, 2017 |
Effect on the company financial report (including any discrepancy between the amount of paid-in capital and the number of shares outstanding and the effect on net worth per share) |
The number of cancelled shares was 4,000 shares (which was insignificant as % of the total number of shares outstanding), and the change in net assets per share before and after cancellation was not significant which did not cause significant impact to the consolidated financial statements of the Company. |
Planned share conversion operations | Not applicable |
Estimate listed shares after the capital reduction | Not applicable |
The estimate ratio of listed shares to the company’s issued common shares after the capital reduction | Not applicable |
Countermeasures of the lower circulation in shareholding, if the aforesaid estimate listed common shares does not 60 million shares and the ration does not reach 25% after the capital reduction | Not applicable |
Any other matters that need to be specified | None |