Announcement on behalf of major subsidiary,Nishoku Hong Kong Holding Limited Completion of capital reduction.
2023/05/18

1.Date of the competent authority’s approval of capital reduction:2023/05/18

2.Date of completion of capitalization change registration:2023/05/18

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 Company's paid-in capital is reduced from USD 50,298,000 to

    USD40,298,000

(2)Discrepancy in the no.of shares outstanding:N/A

(3)The effect on net worth per share:No effect

4.Plan for expected share replacement operations:N/A

5.Estimated no.of listed common shares after capital reduction and new issue:

N/A

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):N/A

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:N/A

8.Any other matters that need to be specified:None