Gold Circuit Electronics : The Board of Directors resolved to conduct capital reduction by cash refund.

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Provided by: GOLD CIRCUIT ELECTRONICS LTD
SEQ_NO	6	Date of announcement	2022/03/21	Time of announcement	16:42:07
Subject	The Board of Directors resolved to conduct capital reduction by cash refund.
Date of events	2022/03/21	To which item it meets	paragraph 11
Statement	1.Date of the board of directors resolution:2022/03/21 2.Reason for capital reduction:In order to improve adjust capital structure and the return on equity, the Company proposed to execute a capital reduction by cash. 3.Amount of capital reduction:NT$ 546,487,840 4.Cancelled shares:54,648,784 shares 5.Capital reduction percentage:10% 6.Share capital after capital reduction:NT$ 4,918,390,570 7.Scheduled date of the shareholders meeting:2022/06/08 8.Estimated no.of listed common shares after issuance of new shares upon capital reduction:491,839,057 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%:N/A 11.The record date for capital reduction:After the capital reduction plan is approved by the shareholders' meeting and the application to the competent authority becomes effect, the chairman will be authorized to set base dates for capital reduction. 12.Any other matters that need to be specified: (1).In this case of reduced number of shares, our shareholders exchanged 900 shares per 1,000 shares based on the held percent listed in the Shareholders List on the base day of capital reduction and shares exchange ;Shareholders who own fractional shares can ask the stock agency of the company to put together those shares to a whole share within 5 days staring capital reduction convertible book closure date and the remaining fractional shares will be paid in cash at the closing price of the public stock trading market in the last trading day before capital reduction convertible date over the public stock trading market. They payment will be calculated to dollar and less than one dollar will be rounded off. The chairman will be authorized to contact specific person to take up the shares at the closing price. (2).New share reissued after capital reduction is in non-physical issuance, with the rights and obligations same as originally issued ones. If there is any amendment due to the laws and regulations, the competent authority's order,changes in the market, or any other conditions, it's proposed that the Board of Directors be authorized by the shareholders'meeting to make the required amendment.