BOD’s resolution of capital reduction in cash (for major subsidiary:DYNAMIC MEDICAL TECHNOLOGIES (HONG KONG) LIMITED)

 BOD's resolution of capital reduction in cash
(for major subsidiary:DYNAMIC MEDICAL TECHNOLOGIES
(HONG KONG) LIMITED)

1.Date of the board of directors resolution:2024/12/26
2.Reason for capital reduction:Future operating cash planning and
effective utilization of the group’s overall funds
3.Amount of capital reduction:HKD66,300,000
4.Cancelled shares:66,300,000 shares
5.Capital reduction ratio:84%
6.Share capital after capital reduction:HKD12,721,783
7.Scheduled date of the shareholders’ meeting:2024/12/26
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:NA
12.Any other matters that need to be specified:
The amount of capital reduction this time is US$8.5 million, which
translates into approximately HK$66.3 million.
The actual amount of capital reduction in Hong Kong dollars is based on the
exchange rate conversion at the time of application.