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[Primax] Announcement regarding subsidiary Dongguan Dongju Electronic & Telecommunication Products Co., Ltd. Resolution on Capital Reduction

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Primax Electronics' subsidiary, Dongguan Dongju Electronic & Telecommunication Products Co., Ltd., has resolved to reduce its capital by USD 30 million, a 48.387% decrease, resulting in a new share capital of USD 32 million. The move aims to optimize its overseas investment structure.

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Frequently Asked Questions

Q: What is the name of the subsidiary undergoing capital reduction?
A: The subsidiary is Dongguan Dongju Electronic & Telecommunication Products Co., Ltd.
Q: What is the reason given for the capital reduction of the subsidiary?
A: The reason for the capital reduction is to optimize the overseas investment structure.
Q: What is the total amount of the capital reduction in USD?
A: The total amount of the capital reduction is USD 30,000,000.
Q: What is the capital reduction ratio for this transaction?
A: The capital reduction ratio for this transaction is 48.387%.
Q: What is the share capital of the subsidiary after the reduction?
A: The share capital of the subsidiary after the reduction is USD 32,000,000.