CHENG LOONG

 Announce on behalf of the subsidiary, Omis
International Holdings Limited, that the Board of
Directors resolved to decrease the capital

1.Date of the board of directors resolution:2020/04/13 
2.Reason for the capital reduction: To utilize the Group's fund effectively 
3.Amount of the capital reduction:USD35,625,780 
4.Cancelled shares:Not applicable 
5.Capital reduction ratio:38.33% 
6.Share capital after the capital reduction:USD57,317,220 
7.Scheduled date of the shareholders' meeting: Board of Directors exercises the right on behalf of the shareholders’ meeting 
8.Estimate listed common shares after the capital reduction:Not applicable 
9.The estimate ratio of listed shares to the company's issued common shares, after the capital reduction:Not applicable 
10.Countermeasures of the lower circulation in shareholding, if the aforesaid estimate listed common shares does not reach 60 million shares and the ration does not reach 25% after the capital reduction:Not applicable 
11.Any other matters that need to be specified: The Board of Directors resolved to pass the motion and set the record date of capital decrease on April 20, 2020, and the date of allocation on April 29, 2020.