Innolux : To announce the record date of capital reduction, the record date and the plan for replacement of share certificates and related matters

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Provided by: INNOLUX CORPORATION
SEQ_NO	2	Date of announcement	2022/08/10	Time of announcement	18:16:28
Subject	To announce the record date of capital reduction, the record date and the plan for replacement of share certificates and related matters
Date of events	2022/08/10	To which item it meets	paragraph 11
Statement	1.Date of the board of directors resolution:NA 2.Record date of capital reduction:2022/08/15 3.Plan for capital reduction and replacement of shares: In order to increase return on shareholders' equity and adjust the capital structure, the Company proceed to process capital reduction in cash. It is resolved by the 2022 Annual General Shareholders' Meeting (the "Meeting") on June 24 and approved by the letter of approval from Taiwan Stock Exchange Corporation with reference number 1111803817, Dated August 10, 2022. In accordance with the "Taiwan Stock Exchange Corporation Procedures for the Exchange of Securities Certificates by TWSE Listed Companies", the Company shall set the plan for capital reduction and replacement of shares. (1)The matters of the plan are as followed: a.The name of the shares to be transferred: Common shares of Innolux Corporation. b.The shares to be transferred include all the listed common shares amounted 10,559,620,051 shares with par value NTD 10, amounted NTD 105,596,200,510. c.Total shares and amount of capital reduction: 1,003,163,905 shares; amounted NTD 10,031,639,050; capital reduction percentage:9.50%. d.Cash refund per share:NTD 0.95 per holding share（rounded up to the nearest integer）in cash. e.Total shares and amount of the common shares after the capital reduction:9,556,456,146 shares with par value NTD 10; amounted NTD 95,564,561,460. f.The share conversion is based on the shareholders roster as of "the record date of replacement of share". 905 new shares will be issued for each thousand shares. After capital reduction, shareholders may combine shares of common stock less than 1 share with the stock transfer agency of the Company within 5 days prior to the book closure date. For fractional shares of common share that are still less than 1 share after combination, cash will be distributed at the closing price（rounded up to the nearest integer）on the last trading date at the stock exchange market before the record date of replacement of shares; Chairman is authorized to appoint a specific party to subscribe to such fractional shares at the closing price. g.The new shares will be issued without any entity, and the rights and obligations of the new shares will be the same as those of the original shares. (2)Schedule: a.The last trading date of old shares:2022/09/28. b.Period of suspension of old shares:2022/09/29~2022/10/07. c.Last date before book closure of old shares:2022/10/02. (Since the book closure ending date is 2022/10/02, which is a regular holiday, the on-site stock transfer date will be 2022/09/30. Please come to the Company's stock registration and transfer service agent, Grand Fortune Securities Co., Ltd. (6F., No. 6, Sec. 1, Zhongxiao W. Rd., Zhongzheng Dist., Taipei City) in advance before 16:30 on 2022/09/30. For those who participate in the centralized transfer of accounts with Taiwan Depository & Clearing Corporation (TDCC), the Company's stock registration and ransfer service agent will go through the transfer procedures according to the information submitted by them.) d.Book closure period:2022/10/03~2022/10/07. e.Record date of replacement of shares:2022/10/07. f.The date of listing and trading of new shares, and the date of delisting of the old shares:2022/10/11. g.The date of cash refund:2022/10/14. From the date of listing and trading of new shares, old shares shall not be used as a subject of trading and delivery. (3)Conversion procedure: a.The stock registration and transfer service agent of the Company will print and deliver the notice of replacement of share certificates to the Shareholders. b.TDCC will transfer all the shares which have been deposited in centralized custody accounts in scripless form on the first trading date of the new shares for future trading. c.Location of the Company's stock registration and transfer service agent: Grand Fortune Securities Co., Ltd. Address: 6F., No. 6, Sec. 1, Zhongxiao W. Rd., Zhongzheng Dist., Taipei City,10041 Tel: [phone] (4)The plan was sumbitted to Taiwan Stock Exchange Corporation in accordance with the Taiwan Stock Exchange Corporation's operation schedule. In order to comply with the change of the actual operation schedule of the competent authority, the authorized Chairman may revise the estimated relevant schedule according to the actual progress if necessary. (5)Other unaccomplished matters shall proceed in accordance with the Company Act and other relevant regulations. 4.Record date of replacement of shares:2022/10/07 5.Book closure starting date:2022/10/03 6.Book closure ending date:2022/10/07 7.Rights and obligations of the new shares after capital reduction:The new shares will have the same rights and obligations as the original shares. 8.Anticipated listing date for the new shares:2022/10/11 9.Estimated no.of listed common shares after issuance of new shares upon capital reduction:9,556,456,146 shares. 10.Estimated ratio of listed common shares after issuance of new shares upon capital reduction to outstanding common shares:100% 11.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 12.Any other matters that need to be specified: It is proposed and resolved by the Meeting on June 24 that the Chairman be authorized to determine the record date for capital reduction and replacement of shares, and other related matters.