Chien Shing Stainless Steel Co., Ltd. (CSSSC), a stainless steel company in Taiwan, decided to reduce capital by NT$1.085 billion to make up for losses. Approximately 108 million shares were eliminated, a ratio of around 38.6%.

In this capital reduction, each stock is expected to be reduced by about 385.92 shares, which means that each stock is exchanged for around 614.08 shares. For fractional shares that are less than one full share after the capital reduction, shareholders have to register for the entire shares with the company's stock agency from five days before the share transfer is closed to one day before the share transfer is closed. For fractional shares that are not put together or are still less than one share after being put together, cash will be paid according to the par value.

An extraordinary shareholders' meeting will be held on November 6 in South District, Tainan City.