CHINA WOOD INT (01822) has announced that its board of directors has proposed a capital reduction. This initiative involves canceling HK$0.09 of the paid-up share capital for each issued share, thereby reducing the par value of each issued share from HK$0.10 to HK$0.01. Following this reduction, the par value of each newly issued share will be HK$0.01. The credit generated from the capital reduction will be used to offset the company's accumulated losses as of the effective date of the reduction, thereby decreasing the total accumulated deficit. Subsequent to the capital reduction taking effect, each authorized but unissued share will be subdivided into 10 new unissued shares, each with a par value of HK$0.01.