CMC Magnetics : Annoucement of the record date of the capital reduction and the operations plan of share certificates for the capital reduction.

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Provided by: CMC Magnetics Corporation
SEQ_NO	4	Date of announcement	2022/08/12	Time of announcement	18:49:16
Subject	Annoucement of the record date of the capital reduction and the operations plan of share certificates for the capital reduction.
Date of events	2022/08/12	To which item it meets	paragraph 11
Statement	1.Date of the board of directors resolution:2022/08/12 2.Record date of capital reduction:2022/08/12 3.Plan for capital reduction and replacement of shares: (1)The 2022 shareholders' meeting approved the capital reduction proposal. The capital reduction was approved by the Taiwan Stock Exchange Corporation(TWSE) with the document number 1111803395 on 2022/07/20. According to the TWSE Operating Rules and Procedures for the Exchange of Securities Certificates by Listed Companies, the Company made the plan of the replacement of share certificates for capital. (2)The item of stock, shares, par value and amount of the replacement of share certifiactes. 1.The item of stock: Common shares 2.The total shares and amount before the capital reduction: 1,158,881,200 shares(par value NT$10), NT$11,588,812,200. 3.The reduced shares and amount:69,532,872 shares(par value NT$10), NT$695,328,720. 4.The ratio of captial reduction:According to the Article 168 of Company Act, capital reduction shall be effected based on the percentage of shareholding of the shareholders pro rata and the ratio of capital reduction is 6%，60 shares are reduced for every 1000 shares 5.The total shares and amount after capital reduction:1,089,348,328 shares(par value NT$10), NT$10,893,483,280. 6.The new share certificates of the replacement for the capital reduction will be calculated respectively according to every shareholder's ownership registered in the registry of shareholders on the record date of the replacement of share certificates. For every 1000 shares held, shareholders will receive 940 new shares which means 60 shares are reduced. For the fractional shares results from the capital reduction, the Company will pay the shareholder cash at par value. The Chairman is authorized to offer designated persons to purchase the fractional shares at par value. (3)The new share issuance will be in scripless form. (4)The rights and obligations of new shares are the same as those of old shares. (5)Schedule of capital reduction and exchange of shares: 1.Last trading day of original shares: 2022/10/13 2.Trading suspension period of original shares: 2022/10/14~2022/10/22 3.Book closure date of original shares: 2022/10/17 4.The period of book closure of original shares: 2022/10/18~2022/10/22 5.Record date of capital reduction and exchange of shares: 2022/10/22 6.Anticipated listing date for the new share: 2022/10/24 7.Date of issuance of cash capital reduction and refund of shares: 2022/10/28 8.Old shares cannot be traded after the date of the listing of new shares (6)The procedures of the replacement: The new share issuance will be in scripless form. Shareholders should make sure they all have depositary and cleaning account in their securities brokers for the shares conversion. For any shares conversion issues, shareholders should contact the company's stock affairs agent, KGI Security Corporation Limited(KGI) for further actions. 1.For those holding old certificates of existing shares who have completed the transfer, please bring the old certificates of the current shares and the original seal to the Company's stock agency for non-physical registration or set-up of account book transfer. 2. For those who fail to complete transfer and exchange of old certificates of existing shares being held, they should go to the Company's stock agency for non-physical registration or set-up account book transfer,bringing old certificates of current shares along with the associated transfer notice, purchase report or transaction tax bill, list of stock recovery numbers, photocopies of the front and back of ID cards, and seal. 3.Exchange of uncollected stocks: Please have the uncollected stock collection tickets stamped with registered seal, and bring the conversion stock documents to apply the conversion with the Company's stock transfer agency. 4.Stocks originally deposited in a securities portfolio account will be exchanged by the Taiwan Depository & Clearing Corporation on the day when the new shares are listed and traded into non-physically issued new shares for listing and trading, without any procedures required. 5.If you are applying for a new certificate by mail, please send it by registered mail to avoid loss. 6.The place of the replacement of the share certificates: the Company's stock affairs agent, KGI (5F, No.2, Sec.1, Chongqing S. Road, Zhongzheng Dist. Taipei City 10044, Taiwan R.O.C., TEL: [phone]) (7)The content of the share conversion operations plan after approved by TWSE will be disclosed in M.O.P.S. (8)The chairman is authorized to determine the date, if the schedule of the replacement of the share certificates has to be revised due to regulation, the schedule of authority's approval or any other matters. (9)The Company and its shareholders should follow the Company Law and related procedures if anything is not mentioned in this plan. 4.Record date of replacement of shares:2022/10/22 5.Book closure starting date:2022/10/18 6.Book closure ending date:2022/10/22 7.Rights and obligations of the new shares after capital reduction: the same as those of old shares. 8.Anticipated listing date for the new shares:2022/10/24 9.Estimated no.of listed common shares after issuance of new shares upon capital reduction:1,089,348,328 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:None