Eastern Media International : The Company’s Board of Directors resolved to conduct capital reduction

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Provided by: EASTERN MEDIA INTERNATIONAL CORPORATION
SEQ_NO	4	Date of announcement	2022/03/23	Time of announcement	18:23:08
Subject	The Company's Board of Directors resolved to conduct capital reduction
Date of events	2022/03/23	To which item it meets	paragraph 11
Statement	1.Date of the board of directors resolution:2022/03/23 2.Reason for capital reduction:In order to increase the return on equity and EPS. 3.Amount of capital reduction:NT$528,950,400 4.Cancelled shares:52,895,040 shares 5.Capital reduction percentage:10% 6.Share capital after capital reduction:NT$4,760,553,550 7.Scheduled date of the shareholders meeting:2022/06/13 8.Estimated no.of listed common shares after issuance of new shares upon capital reduction:476,055,355 shares 9.Estimated ratio of listed common shares after issuance of new shares upon capital reduction to outstanding common shares:100% 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:After receiving approval from the shareholders meeting and reporting to the competent authority for effectuation,the Board of Directors will set the record date of capital reduction and that of replacement of shares. 12.Any other matters that need to be specified: (1)Calculated individually based on the no. of shares held by each shareholder on the shareholders'roster at the record date for replacement of shares upon capital reduction. 900 shares will be reissued for every 1,000 shares (a reduction of 100 shares per every 1,000 shares). A cash refund of NT$1,000 is expected to be returned for every 1,000 shares. Shareholders may have the Company's stock affairs unit consolidate fractional shares after capital reduction into whole shares, before the book closure date of replacement of shares upon capital reduction to the book closure ending date, and register the whole shares. Cash shall be paid to shareholders according to the proportion of fractional shares that still cannot be consolidated into a whole share after consolidation, and rounded to the nearest dollar (insufficient amounts shall be rounded off). The Chairman is authorized to designate specific persons for purchase at the par value. (2)The rights and obligations of the new shares are the same as those of the original shares. (3)It is proposed for the shareholders meeting to authorize the Board of Directors to handle any changes and necessary adjustments caused by amendments in regulations or requests from competent authorities.