HTC Investors

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Major Subsidiary, HTC Electronics (Shanghai) Co., Ltd., announce the board resolution for the capital reduction
1.Date of the board of directors resolution:2019/06/28
2.Reason for the capital reduction:
to enhance the efficiency of capital management
3.Amount of the capital reduction:USD 130,000,000
4.Cancelled shares:NA
5.Capital reduction ratio:97.81%
6.Share capital after the capital reduction:USD 2,909,044
7.Scheduled date of the shareholders' meeting:NA
8.Estimate listed common shares after the capital reduction:NA
9.The estimate ratio of listed shares to the company's issued
  common shares, after the capital reduction:NA
10.Countermeasures of the lower circulation in shareholding,
  if the aforesaid estimate listed common shares does not
  reach 60 million shares and the ration does not reach 25%
  after the capital reduction:NA
11.Any other matters that need to be specified:None