ADDCN Technology : Announcement on behalf of subsidiary Addcn Technology (HK) Co., Limited has resolved to conduct issuance of new shares through cash capital increase

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Provided by: ADDCN TECHNOLOGY CO., LTD
SEQ_NO	7	Date of announcement	2022/08/12	Time of announcement	19:42:33
Subject	Announcement on behalf of subsidiary Addcn Technology (HK) Co., Limited has resolved to conduct issuance of new shares through cash capital increase
Date of events	2022/08/12	To which item it meets	paragraph 11
Statement	1.Date of the board of directors resolution:2022/08/12 2.Source of capital increase funds: Cash capital increase 3.Whether to adopt shelf registration (Yes, please state issuance period/No):No 4.Total monetary value of the issuance and number of shares issued (shares issued not including those distributed to employees if consisting in capital increase from earnings or capital surplus): NA 5.If adopting shelf registration, monetary value and number of shares to be issued this time: NA 6.The remaining monetary value and shares after this issuance when adopting shelf registration: NA 7.Par value per share:USD$1 per share 8.Issue price: NA 9.Number of shares subscribed for by or allocated to employees: NA 10.Number of shares publicly sold: NA 11.Ratio of shares subscribed by or allotted as stock dividends to existing shareholders: 100% 12.Handling method for fractional shares and shares unsubscripted for by the deadline:NA 13.Rights and obligations of these newly issued shares: Same as the original issued shares 14.Utilization of the funds from the capital increase: To increase working capital 15.Any other matters that need to be specified: Total monetary value of the issuance:USD$3,000,000