Ennostar Plans 45.8% Cash Capital Reduction, Refunding NT$4.58 Per Share to Shareholders

Ennostar Inc. explained that, based on its core philosophy of robust operations, it has actively promoted internal structural improvements in recent years. The company has optimized its product portfolio and capacity allocation, and disposed of non-strategic investments and idle assets. These efforts to recover cash and monetize assets have proven effective.

Ennostar expects the capital reduction amount to be approximately NT$3,379,404,600, canceling 337,940,460 shares. The capital reduction ratio is approximately 45.8%, which will lower the share capital from the current roughly NT$7.38 billion to NT$4.0 billion.

Ennostar Inc. stated that after this proposal is approved by the shareholders' meeting and reported to the competent authority to become effective, the chairman will be authorized to determine related matters, including the share exchange operation plan, the record date for the capital reduction, and the record date for the replacement of shares due to the capital reduction. (Editor: Chang Liang-chih) 1150409