Announced on behalf of Kwong Lung Feather (B.V.I.) Ltd.the Board resolution for the capital reduction due to KLF's investment restructuring.
 2021-03-12

 1.Date of the board of directors resolution:2021/03/12

2.Reason for capital reduction:KLF's investment restructuring

3.Amount of capital reduction:USD6,966,362

4.Cancelled shares:6,966,362

5.Capital reduction ratio:28.30%

6.Share capital after capital reduction:USD17,646,558

7.Scheduled date of the shareholders’ meeting:NA

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:2021.3.19 (Authorize its chairman to adjust the capital reduction base date.)

12.Any other matters that need to be specified:None