CHENG LOONG

 Announce on behalf of the subsidiary, Chung Loong
Paper Holdings Limited, that the Board of
Directors resolved to decrease the capital

1.Date of the board of directors resolution:2022/06/13 
2.Reason for capital reduction:To utilize the Group's fund effectively 
3.Amount of capital reduction:USD40,222,945 
4.Cancelled shares:NA 
5.Capital reduction percentage:60% 
6.Share capital after capital reduction:USD26,815,297 
7.Scheduled date of the shareholders meeting:2022/07/18 
8.Estimated no.of listed common shares after issuance of new shares 
upon capital reduction:NA 
9.Estimated ratio of listed common shares after issuance of new shares upon 
capital reduction to outstanding common shares:NA 
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%:NA 
11.The record date for capital reduction:2022/07/18 
12.Any other matters that need to be specified: 
The Board of Directors resolved to pass the motion and set 
the date of allocation on July 25, 2022.