JEAN Board of Directors approved the cancellation
of restricted shares to employees stock awards
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.Reason for capital reduction:
Since some employees had failed to meet the vesting conditions for the
new restricted employee shares, the company shall redeem and cancel
the issued new restricted employee shares in accordance with the terms
of the issuance rules.
3.Amount of capital reduction:
NTD 2,672,490
4.Cancelled shares:Common stocks 267,249 shares
5.Capital reduction percentage:0.1107%
6.Share capital after capital reduction:NTD2,410,803,140
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:2022/09/03
12.Any other matters that need to be specified:None
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Jean Co. Ltd. published this content on 09 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 August 2022 14:25:10 UTC.
Jean Co., Ltd. is a Taiwan-based company principally engaged in the design, manufacture and distribution of car monitors. The Companyâs car monitor products mainly include 7-inch, 8-inch, 9-inch and 10.2-inch wide rear-seat headrest, ceiling, back-hanging car audio and video entertainment system, car information display system, car liquid crystal display (LCD) audio navigation host, car camera and driving recorder. The Company is also involved in the trading and leasing of real estate to generate rental income. The company's products are mainly sold to the United States of America (the USA), Europe and Japan. The Company is also engaged in the investment and development businesses through its subsidiaries.
JEAN CO.,LTD 
