Today's Information

Provided by: Arima Communications Corp.
SEQ_NO 10 Date of announcement 2022/07/21 Time of announcement 13:57:48
Subject 
 Announcement of the Company's Board of Directors to
determine the capital reduction record date and plan
for replacement of shares.
Date of events 2022/07/21 To which item it meets paragraph 11
Statement 
1.Date of the board of directors resolution:2022/07/21
2.Record date of capital reduction:2022/07/29
3.Plan for capital reduction and replacement of shares:
On June 21, 2022, the Company's General Meeting of Shareholders passed a
capital reduction conduction to recover loss. It was approved by the
Taiwan Stock Exchange Corporation on July 15, 2022, and the application has
entered force on record with the declaration made by Letter
Tai zheng shang yi zi No. 1111803249. This plan was hereby formulated in
accordance with the relevant stipulations of the Taiwan Stock Exchange
Corporation Procedures for the Exchange of Securities Certificates by
TWSE Listed Companies as follows:
A. The name, number of shares, denomination per share and total amount of
the securities to be fully exchanged this time:
(a)The name of securities to be exchanged:Common shares of Arima
　Communications Corp.
(b)Total number of original exchange shares:208,088,795 common shares
　(including 21,114,466 private placement shares) with a par value of
　NT$10 for a total of NT$2,080,887,950.
(c)Total number and amount of capital reduction shares:135,257,717
　common shares were cancelled (including 13,724,403 private
　placement shares) with a par value of NT$10 for a total of
　NT$1,352,577,170.
(d)Purpose and ratio of capital reduction:In order to improve the
　financial structure, it is proposed to reduce the amount of capital to
　cover losses. According to Article 168 of the Corporation law, the
　reduction of capital will be reduced by the proportion of shares held
　by shareholders.
　The capital reduction percentage is 65%.
(e)Total number and amount of shares after capital reduction:After
　the capital reduction, 72,831,078 shares were exchanged (including
　7,390,063 private placement shares) with a par value of NT$10 for a
　total of NT$728,310,780.
(f)Shares held by each shareholder are to be calculated separately in
　accordance with the "record date of capital reduction and exchange
　of shares" in the shareholder register, cancelled for 650 shares
　exchanged for every 1,000 shares (i.e., a exchanged of 350 shares for
　every 1,000 shares). Following the capital reduction, fractional shares
　of less than one share are to be exchanged. At their own discretion,
　shareholders may register with the Company's stock agency within five
　days before the book closure date of the capital reduction to handle
　registration for composition of whole shares. If the composition of
　fractional shares are not completed within the time limit, the
　Chairperson is authorized to contact specified individuals for purchase
　of their fractional shares at market value.
B. The new shares to be replaced this time shall be issued without
entities in accordance with the regulations, and the Taiwan Depository
and Clearing Corporation will be contacted to handle matters related to
the issuance of entities without entities.
C. The rights and obligations of the replaced shares are the same as
for the original common shares.
D. Exchange location:The Company's stock agency, Grand Fortune
@Securities Co., Ltd. Stock Agency Department, 6th Floor, No. 6, Section 1,
Zhongxiao West Road, Zhongzheng District, Taipei City.
Tel:(02)2371-1658.
E. Schedule of the exchange of shares:
(a)The last trading day for the original common shares:September 21,2022
(b)Last date of transfer for capital reduction shares:September 25,2022
　(Because the last date of transfer falls on a weekend,  the last date of
 　transfer was advanced to September 23, 2022.)
(c)Period of suspension of trading for capital reduction shares:
　From September 22, 2022 to September 30, 2022.
(d)Period of suspension of transfer for capital reduction shares:
　From September 26, 2022 to September 30, 2022.
(e)Record date of capital reduction and exchange of shares:
　September 30, 2022.
(f)Date of exchange of the shares:October 03, 2022.
(g)Date of listing and trading of new shares and date of termination
　of listing of old shares: October 03, 2022.
F.Exchange processes and procedures:
(a)The company's stock agency prints a capital reduction and replacement
　notice and sends it to all shareholders to handle the replacement of
　new shares.
(b)Replacement of old shares that have been transferred: The company
　has issued securities without physical issuance. Therefore, shareholders
　who have not yet opened a CHIP account with a securities firm must
　open a CHIP account with a securities firm as soon as possible to
　facilitate handling replacement work.
(c)Replacement of old shares that haven't been transferred:
　Shareholders should take the following documents to the stock agency
　department of Grand Fortune Securities Co., Ltd. to go through the
　transfer procedures, and fill in the application for replacement.
　(1) old certificates of current shares
　(2) associated transfer application
　(3) purchase report or list of stock recovery numbersi, transaction
　tax bill.
　(4) photocopies of the front and back of ID cards, and seal.
　(5) passbook of the securities.
(d)Stocks originally deposited in a securities portfolio account will be
　exchanged by the Taiwan Depository & Clearing Corporation on the
　day when the new shares are listed and traded into non-physically
　issued new shares for listing and trading, without any procedures
　required.
G. The plan for exchange of shares has been approved by Taiwan Stock
Exchange. The company will send the relevant documents within the
limit date to the Taiwan Stock Exchange Co., Ltd. and report it in the
designated Internet information reporting system before the date of
cessation of changing the records in the shareholder register.
H. Other matters not covered here shall be handled in accordance with the
Company Act and other relevant laws and regulations.
I. This plan shall be undertaken by the Company after contacting the Taiwan
Stock Exchange Co., Ltd. for verification. If there are changes in content or
the related schedule, the Chairperson of the Board is proposed to handle
such matters and makes a separate announcement to correct it.
4.Record date of replacement of shares:2022/09/30
5.Book closure starting date:2022/09/26
6.Book closure ending date:2022/09/30
7.Rights and obligations of the new shares after capital reduction:
The same as for the original common shares.
8.Anticipated listing date for the new shares:2022/10/03
9.Estimated no.of listed common shares after issuance of new shares upon
capital reduction:72,831,078 shares
10.Estimated ratio of listed common shares after issuance of new shares upon
capital reduction to outstanding common shares:100%
11.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
12.Any other matters that need to be specified:None.

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Arima Communications Corp. published this content on 21 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 July 2022 06:13:04 UTC.