Fuzetec Technology : Announcement of the Board of Directors of M31 resolved to process the cancellation of restricted employee shares for capital reduction

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Provided by: M31 Technology Corporation
SEQ_NO	3	Date of announcement	2022/08/02	Time of announcement	19:28:53
Subject	Announcement of the Board of Directors of M31 resolved to process the cancellation of restricted employee shares for capital reduction
Date of events	2022/08/02	To which item it meets	paragraph 11
Statement	1.Date of the board of directors resolution:2022/08/02 2.Reason for capital reduction:M31 resolved to redeem and cancel the employee restricted shares for capital reduction since employees granted the restricted employee shares failed to meet vesting conditions. 3.Amount of capital reduction:NTD30,000 4.Cancelled shares:3,000 shares 5.Capital reduction ratio:0.009% 6.Share capital after capital reduction:NTD317,100,000 7.Scheduled date of the shareholders' meeting:NA 8.Estimated no.of TPEx-listed common shares after issuance of new shares upon capital reduction:31,710,000 shares 9.Estimated ratio of TPEx-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 TPEx-listed common shares upon capital reduction does not reach 5 million and the ratio does not reach 25%:N/A 11.Record date of capital reduction:2022/08/09 12.Any other matters that need to be specified:None.