Announcement for capital reduction in cash
on behalf of Huge Castle Ltd.
Date of events
2022/03/16
To which item it meets
paragraph 11
Statement
1.Date of the board of directors resolution:2022/03/16
2.Reason for capital reduction:Capital reduction in cash
3.Amount of capital reduction:USD22,000,000
4.Cancelled shares:22,000,000 shares
5.Capital reduction percentage:57.30%
6.Share capital after capital reduction:USD16,397,717.54
7.Scheduled date of the shareholders meeting:NA
8.Estimated no.of listed common shares after issuance of new shares
upon capital reduction:NA
9.Estimated ratio of listed common shares after issuance of new shares upon
capital reduction to outstanding common shares:NA
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%:NA
11.The record date for capital reduction:NA
12.Any other matters that need to be specified:None
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Cameo Communications Inc. published this content on 16 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 March 2022 07:27:06 UTC.
CAMEO COMMUNICATIONS, INC. is a Taiwan-based company principally engaged in the research, development, manufacture, processing, assembly and distribution of computer network system equipment and related components. The Companyâs primary products include network interface cards (NICs), switches and routers, wireless local area network (WLAN) cards, as well as WLAN access points, routers, broadband routers and other products. Its products are mainly used in the connecting of computers to local area network (LAN) and WLAN, as well as the transferring of electronic files. The Company is also involved in the provision of maintenance services. The Company mainly distributes its products in domestic market and overseas markets, including the Asia-Pacific regions, the Americas and Europe.