Announcement to Creditors of the Company for
Capital Reduction
Date of events
2022/06/24
To which item it meets
paragraph 51
Statement
1.Date of occurrence of the event:2022/06/24
2.Company name:Innolux Corporation
3.Relationship to the Company (please enter "head office" or
"subsidiaries"):head office
4.Reciprocal shareholding ratios:NA
5.Cause of occurrence:
The 2022 Annual General Shareholders's Meeting approved to process
the capital reduction in cash.
6.Countermeasures:
(1)The 2022 Annual General Shareholders's Meeting approved to reduce
capital and refund cash to shareholders. Amount of capital reduction
is NT$ 10,031,639,050 and shares to be cancelled are 1,003,163,905.
According to the total shares 10,559,620,051 issued, capital reduction
percentage is 9.50%. Shareholders will be refunded by NT$ 0.95 per
holding share(rounded up tothe nearest integer)in cash.
After capital reduction, share capital will be NT$ 95,564,561,460.
(2)According to the Articles 281, 73, and 74 of the Company Act.
(3)If the Creditors of the Compay have any objection to the capital
reduction and refund cash to shareholders, please deliver in writing
before 2022/07/25. The Creditors shall deemed to regarded as having no
objection if expressing the objection after the deadline.
7.Any other matters that need to be specified:None.
Attachments
Original Link
Original Document
Permalink
Disclaimer
Innolux Corporation published this content on 24 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 June 2022 12:05:09 UTC.
InnoLux Corporation is principally engaged in the manufacture and sales of thin film transistor-liquid crystal display (TFT-LCD) panels and touch modules. The Company provides TFT-LCD panels and touch modules with variable sizes, which are applied in the manufacture of LCD Televisions (TVs), desktop monitors, laptops, mobile phones and portable audio/video players, among others. The Companyâs products are also applied in products of medical, industrial, educational, aerial and other industries. The Company distributes its products in the domestic market and to overseas markets, including Asia, the Americas and Europe, among others.