4915 Zishen: Subsidiary Announces Capital Reduction to Optimize Overseas Investment Structure

Disclosure Date: 1150716 Statement Date: 1150715 Statement Time: 145544 Company Code: 4915 Company Name: Zishen Subject: Announcement of Capital Reduction Resolved by Subsidiary Cayman Zishen Industrial Co., Ltd. Applicable Clause: Item 11 Factual Date: 1150715 Details: 1. Board Resolution Date: 115/07/15 2. Reason for Capital Reduction: Optimization of overseas investment structure 3. Amount of Capital Reduction: USD 20,147,520 4. Number of Shares to be Eliminated: 2,014,752,000 shares 5. Capital Reduction Ratio: 32.508% 6. Capital After Reduction: USD 41,828,834.68 7. Scheduled Shareholders' Meeting Date: 115/07/15 8. Expected Number of Listed Ordinary Shares After Capital Reduction and New Share Issuance: Not applicable 9. Ratio of Listed Ordinary Shares to Total Issued Ordinary Shares After Reduction: Not applicable 10. If the above two items are below 60 million shares and 25%, explanation of measures for low liquidity: Not applicable 11. Capital Reduction Benchmark Date: 115/07/15 12. Other Matters to be Disclosed: Not applicable