1.Date of the board of directors resolution:2023/08/04
2.Reason for capital reduction:In line with the group's capital planning,
Jiu Xin Estate (Wuxi) Limited, a 100% indirectly held subsidiary
of the company, intends to reduce share capital.
3.Amount of capital reduction:US$60,000 thousand
4.Cancelled shares:Not applicable
5.Capital reduction percentage:28.99%
6.Share capital after capital reduction:US$147,000 thousand
7.Scheduled date of the shareholders meeting:2023/08/04
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:none.

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