Phihong Technology : Subsidiary PHIHONG INTERNATIONAL CORP. to announce the resolution of the board of directors to handle cash capital reduction.

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Provided by: PHIHONG TECHNOLOGY CO., LTD.
SEQ_NO	1	Date of announcement	2021/12/22	Time of announcement	18:31:34
Subject	Subsidiary PHIHONG INTERNATIONAL CORP. to announce the resolution of the board of directors to handle cash capital reduction.
Date of events	2021/12/22	To which item it meets	paragraph 11
Statement	1.Date of the board of directors resolution:2021/12/22 2.Reason for capital reduction:For the effective use of group funds 3.Amount of capital reduction:USD8,640,000 4.Cancelled shares:8,640,000 shares 5.Capital reduction percentage:7.78% 6.Share capital after capital reduction:USD102,421,351 7.Scheduled date of the shareholders meeting:NA 8.Estimated no.of listed common shares after issuance of new shares upon capital reduction:NA 9.Estimated ratio of 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 listed common shares upon capital reduction does not reach 60 million and the percentage does not reach 25%:NA 11.The record date for capital reduction:2022/01/06 12.Any other matters that need to be specified:None