Announcement of the resolution by the Board of Directors for capital reduction in cash on behalf of subsidiary Excelsior Healthcare Co., Limited

Announcement of the resolution by the Board of Directors
for capital reduction in cash on behalf of subsidiary
Excelsior Healthcare Co., Limited

1.Date of the board of directors resolution:2023/08/08
2.Reason for capital reduction:
  Capital reduction for restructuring of the group's 
  investment structure.
3.Amount of capital reduction:USD10,715,767
4.Cancelled shares:10,715,767 shares.
5.Capital reduction percentage:27.19%
6.Share capital after capital reduction:
  28,695,856 shares.
7.Scheduled date of the shareholders meeting:2023/08/08
8.Estimated no.of listed common shares after issuance of 
  new shares upon capital reduction:Not Applicable.
9.Estimated ratio of listed common shares after issuance 
  of new shares upon capital reduction to outstanding 
  common shares:Not Applicable.
10.Please explain any countermeasures for lower 
   circulation in shareholding if the aforesaid estimated
   no.of listed common shares upon capital reduction does
   not reach 60 million and the percentage does not reach
   25%:Not Applicable.
11.The record date for capital reduction:Not Applicable.
12.Any other matters that need to be specified:
   Excelsior Healthcare Co., Limited will carry out a 
   cash reduction, and base on its shareholding 
   proportion, returning USD 10,715,767 to Excelsior 
   Medical Co.,Ltd.