Lien Fa Textile Co., Ltd. Announces Creditor Notice for Cash Capital Reduction
Lien Fa Textile Co., Ltd. announced that its cash capital reduction was approved at the shareholders' meeting, and a period for creditors to object will be provided. The capital reduction amount is NTD 896,572,270, with a cash capital reduction ratio of 25%, returning NTD 2.5 per share.
📋 Article Processing Timeline
- 📰 Published: May 12, 2026 at 09:00
- 🔍 Collected: May 13, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 13, 2026 at 09:14 (1h 14m after Collected)
1. Date of occurrence: 2026/05/12
2. Company name: Lien Fa Textile Co., Ltd.
3. Relationship with the company (please enter 'company' or 'subsidiary'): The company
4. Mutual shareholding ratio: Not applicable
5. Reason for occurrence: The company's cash capital reduction proposal has been approved by the regular shareholders' meeting in 2026.
6. Countermeasures:
(1) The company's cash capital reduction proposal to return capital to shareholders has been approved by the regular shareholders' meeting on May 12, 2026 (Republic of China calendar). The total cash capital reduction is NTD 896,572,270, with a total of 89,657,227 shares to be cancelled. Based on the company's current total issued shares of 358,628,907 common shares, the cash capital reduction ratio is 25%, with NTD 2.5 cash returned per share, calculated to the nearest New Taiwan Dollar (amounts below one dollar rounded down). The paid-in capital after the capital reduction will be NTD 2,689,716,800.
(2) After this proposal takes effect upon approval by the competent authority, the chairman is authorized to set the capital reduction base date, share exchange base date, and other related matters for the capital reduction.
(3) The company will handle this matter in accordance with Article 281 and by analogy with Articles 73 and 74 of the Company Act.
(4) Creditors of the company who object to this cash capital reduction proposal to return capital should submit their written objections to the company from May 12, 2026, to June 12, 2026. Those who fail to do so within the deadline will be deemed to have no objection.
7. Other matters to be specified (if the subject of the event or resolution is a public company or above, this material information also meets the requirements of Article 7, Paragraph 9 of the Enforcement Rules of the Securities Exchange Act regarding matters that have a significant impact on shareholders' equity or securities prices): None.
Keywords: Material Information
2. Company name: Lien Fa Textile Co., Ltd.
3. Relationship with the company (please enter 'company' or 'subsidiary'): The company
4. Mutual shareholding ratio: Not applicable
5. Reason for occurrence: The company's cash capital reduction proposal has been approved by the regular shareholders' meeting in 2026.
6. Countermeasures:
(1) The company's cash capital reduction proposal to return capital to shareholders has been approved by the regular shareholders' meeting on May 12, 2026 (Republic of China calendar). The total cash capital reduction is NTD 896,572,270, with a total of 89,657,227 shares to be cancelled. Based on the company's current total issued shares of 358,628,907 common shares, the cash capital reduction ratio is 25%, with NTD 2.5 cash returned per share, calculated to the nearest New Taiwan Dollar (amounts below one dollar rounded down). The paid-in capital after the capital reduction will be NTD 2,689,716,800.
(2) After this proposal takes effect upon approval by the competent authority, the chairman is authorized to set the capital reduction base date, share exchange base date, and other related matters for the capital reduction.
(3) The company will handle this matter in accordance with Article 281 and by analogy with Articles 73 and 74 of the Company Act.
(4) Creditors of the company who object to this cash capital reduction proposal to return capital should submit their written objections to the company from May 12, 2026, to June 12, 2026. Those who fail to do so within the deadline will be deemed to have no objection.
7. Other matters to be specified (if the subject of the event or resolution is a public company or above, this material information also meets the requirements of Article 7, Paragraph 9 of the Enforcement Rules of the Securities Exchange Act regarding matters that have a significant impact on shareholders' equity or securities prices): None.
Keywords: Material Information