CERTIFIED TRUE COPY OF THE RESOLUTION PASSED IN THE MEETING OF BOARD OF DIRECTORS OF NICCA CHEMICAL CO., LTD. AS ON 1ST AUGUST 2024 AT 23-1, 4-CHOME, BUNKYO, FUKUI-CITY, FUKUI, 910-8670, JAPAN THE REGISTERED OFFICE OF THE COMPANY AT WHICH PROPER QUORUM WERE PRESENT.
The Board discussed about the investment in NICCA BANGLADESH CO., LTD. The chairman proposed to take back the surplus amount of Share Capital Purchase Money which was invested in NICCA BANGLADESH CO., LTD. After a fruitful discussion of the above matter thoroughly, the board of directors expressed the intention of taking back the surplus amount of Share Capital Purchase Money, and made the following decisions:
“RESOLVED THAT; In order to form the Private Limited Company “NICCA BANGLADESH CO., LTD.” (having total paid-up capital BDT. 540,000,000.00; BDT 10.00 per share) NICCA CHEMICAL CO., LTD. (having 53,999,000 no. of shares) sent remittance to purchase share capital USD 4,935,000.00. After converting the foreign currency into Bangladesh Taka, the amount stands for BDT 540,382,500.00. After the conversion, there are some surplus amounts remaining for NICCA CHEMICAL CO., LTD. which is BDT 392,500.00. The board of directors agreed to take back the surplus amount of Share Capital Purchase Money BDT 392,500.00.”
“RESOLVED FURTHER THAT; The Board of Directors is not interested in allotting the surplus amount as share capital as there will be an imbalance in the shareholding position. The company will notify NICCA BANGLADESH CO., LTD. to return the surplus amount of Share Capital Purchase Money BDT 392,500.00.”
A copy of this resolution certified to be a true copy by the Director/Company Secretary be submitted to the authorities concerned for their records and necessary action.”
For and on behalf of, NICCA CHEMICAL CO., LTD.
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Yasumasa Emori
Director