Gold Circuit Electronics : Subject Announcement of the Record date of replacement of shares and the plan for capital reduction and replacement of shares.

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Provided by: GOLD CIRCUIT ELECTRONICS LTD
SEQ_NO	3	Date of announcement	2022/08/09	Time of announcement	16:17:04
Subject	Subject Announcement of the Record date of replacement of shares and the plan for capital reduction and replacement of shares.
Date of events	2022/08/09	To which item it meets	paragraph 11
Statement	1.Date of the board of directors resolution:2022/08/09 2.Record date of capital reduction:2022/07/15 3.Plan for capital reduction and replacement of shares: The Annual Shareholders' Meeting of the Company held on 2022/06/08 had resolved to execute a capital reduction by cash refund. The proposal has been approved and made effective by the Letter of TWSE No. 1111803141 date 2022/07/12. This plan was formulated in accordance with the Taiwan Stock Exchange Corporation Procedures for the Exchange of Securities Certificates by TWSE Listed Companies. The Company propose to adjust the Period of suspension of old shares and the listing date of the new shares. The adjusted schedule is as follows: 1.Total number of shares to be replaced, par value and total amount: (1)Total number and amount to be replaced: Common shares 546,487,841 shares, par value NT$10, total amount NT$5,464,878,410. (2)Total number and amount of reduced capital shares: Common shares 54,648,784 shares, par value NT$10, total amount NT$546,487,840; capital reduction ratio: 10.00%. (3)Total number and amount of shares after capital reduction: Common shares 491,839,057 shares, par value NT$10, total amount NT$4,918,390,570. (4)The new stocks will be issued in Dematerialized Form. Based on the total number of issued common shares on the record date of replacement of shares, about 900 shares will be exchanged for every 1,000 shares (that is, around 100 shares will be reduced for every 1,000 shares). NT$1,000 cash refund for every thousand shares. For those common shares that would become less than one share after capital reduction, the shareholders can voluntarily apply with the company's stock affairs office for combining their shares within five days after the base date, which the stock conversion is ceased for execution of capital reduction. For common shares that have not been pieced together or are still less than one share after being pieced together, cash shall be paid at a price equivalent to the closing price on the last trading day of the public centralized stock market before the capital reduction and share conversion date, and the calculation shall be rounded down to the nearest New Taiwan Dollar. It would be an authorized party appointed by the chairman to buy all those less-then-one shares at the closing price. (5)Shares transferred from the capital reduction will be the same rights and obligations with original shares. 2.Schedule: (1)The last trading day of old shares: 2022/9/6. (2)Period of suspension of old shares: 2022/9/7~2022/9/16. (3)Last date before book closure of old shares: 2022/9/11. (4)Book closure period: 2022/9/12~2022/9/16. (5)Record date of replacement of shares: 2022/9/16. (6)The date of the listing for trading of new shares, and the date of delisting of the old shares: 2022/9/19. (7)Cash refund payment date: 2022/9/23. (8)From the date of listing and trading of new shares, old shares shall not be used as a subject of trading and delivery. The rights and obligations of the new shares after capital reduction are as same as the original shares. 3.Procedure: (1)The new stocks will be issued in Dematerialized Form, and the issuance shall be handled in accordance with relevant laws and regulations. Shareholders who have not yet opened a securities account with a securities firm must open an account with a current securities firm as soon as possible. The deferred shares held by shareholders will be deducted according to the proportion of the capital reduction, and the deducted part will be declared according to the denomination of the stock in accordance with the regulations. (2)For shareholders who have deposited their stocks in their securities accounts, the new stocks will be exchanged for new stocks in Dematerialized Form by Taiwan Depository & Clearing Corporation on the trading day of the new stocks. Shareholders only need to submit their passbooks to security firms and no need to go through any formalities. (3)If shareholders hold physical stocks, that have not yet been deposited in a central security account, please open a security account with a security firm and contact the Company's stock office before 2022/9/11 for renewal procedures. The application for deferred shares to be transferred to the shareholder's security account shall be deemed as a waiver of deferred classes, and the income based on denomination of the shares shall be declared in accordance with the regulations. (4)The cash refund of the capital reduction is issued by money transfer or prohibited endorsement check. The remittance fee or postage shall be paid by the shareholders. (5)Location of the application for conversion: Address: CTCB Transfer AgencyDivision. The location of the agent is 5F, No. 83, Sec. 1, Chongqing S.Rd., Taipei City 100, Taiwan. The phone number is [phone]. 4.The related schedule in accordance with the Taiwan Stock Exchange Corporation's operation schedule if necessary. 5.It was approved by Taiwan Stock Exchange Corporation that 900 shares are transferred per thousand share (that is, 100 shares are reduced per thousand shares) and cash refund NTD 1,000. If the number of outstanding shares is changed due to the change in the Company's share capital, causing the adjustments in the cash reduction ratio and the amount of repayment per share, or the cash reduction needs adjustment due to amendments of laws, the regulator's order or other objective environmental changes, the Chairman is hereby authorized to deal with relative matters. 6.Other uncovered matters shall be handled in accordance with the Company Act and other relevant laws. 4.Record date of replacement of shares:2022/09/16 5.Book closure starting date:2022/09/12 6.Book closure ending date:2022/09/16 7.Rights and obligations of the new shares after capital reduction: As same as those of the original shares. 8.Anticipated listing date for the new shares:2022/09/19 9.Estimated no.of listed common shares after issuance of new shares upon capital reduction:491,839,057 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%:NA 12.Any other matters that need to be specified:This plan is processed by the Company after it has been approved by the Taiwan Stock Exchange Corporation. If the content or related schedule needs to be changed, the chairman is authorized to handle it with full authority.