BOD’s resolution of capital reduction in cash (for major subsidiary:Excelsior Beauty Co., Ltd.)

 BOD's resolution of capital reduction in cash
(for major subsidiary:Excelsior Beauty Co., Ltd.)

1.Date of the board of directors resolution:2023/03/06
2.Reason for capital reduction:
In order to increase return on shareholders' equity
3.Amount of capital reduction:NT$154,665,230
4.Cancelled shares:15,466,523 shares
5.Capital reduction ratio:55%
6.Share capital after capital reduction:NT$126,544,270
7.Scheduled date of the shareholders’ meeting:2023/04/10
8.Estimated no.of TPEx-listed common shares after issuance
of new shares upon capital reduction:NA
9.Estimated ratio of TPEx-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 TPEx-listed
 common shares upon capital reduction does not reach 5 million
 and the ratio does not reach 25%:NA
11.Record date of capital reduction:
After the shareholders' meeting passes, it shall be separately
formulated.
12.Any other matters that need to be specified:None.