Green River : Announcement of the Company's board of directors resolved and approved the amendment to the Regulations for Transfer of Shares to employees

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Provided by: Green River Holding Co. Ltd.
SEQ_NO	4	Date of announcement	2022/08/18	Time of announcement	17:08:14
Subject	Announcement of the Company's board of directors resolved and approved the amendment to the Regulations for Transfer of Shares to employees
Date of events	2022/08/18	To which item it meets	paragraph 53
Statement	1.Date of occurrence of the event:2022/08/18 2.Company name:Green River Holding Co. Ltd. 3.Relationship to the Company (please enter "head office" or "subsidiaries"):Head office 4.Reciprocal shareholding ratios:NA 5.Cause of occurrence:The Company's board of directors resolved and approved the amendment to the Regulations for Transfer of Shares to employees on 2022/08/18. 6.Countermeasures: Comparison Table for Amendment to the Regulations for Transfer of Shares to employees. Existing article Article 5 The number of shares to which employees may subscribe will be determined by their job level, seniority, exceptional contribution and refer to the total number of repurchase shares on the record date of subscription and the maximum subscribable shares for a single employee, authorize the chairman for approval. Article 7 The share transfer price for the present repurchase of shares and transfer to employees will be the average of the actual share repurchase prices, provided that if, prior to the transfer, there is an increase in the number of issued shares of the company common stock, the transfer price may be adjusted within a range proportional to the increase. Formula for transfer price adjustment: Adjusted transfer price = average actual repurchase price per share × (total number of common stock shares after the repurchase has been declared ÷ total number of common stock shares prior to the company's transfer of the repurchased shares to employees) Amended article Article 5 The number of shares to which employees may subscribe will be determined by their job level, seniority, exceptional contribution and refer to the total number of repurchase shares on the record date of subscription and the maximum subscribable shares for a single employee, the actual specific subscription qualification and subscription quantity shall be decided by the board of directors, and shall not be authorized the chairman to decide. However, if the shares are transferred to managerial officers of the Company, it should be approved by the Compensation Committee before submitting to the board of directors for resolution; if the employee is not a managerial officer of the Company, it should be approved by the audit committee before submitting to the board of directors for resolution. Article 7 The share transfer price for the present repurchase of shares and transfer to employees will be the average of the actual share repurchase prices, provided that if, prior to the transfer, there is an increase/decrease in the number of issued shares of the company common stock, the transfer price may be adjusted within a range proportional to the increase/decrease. Formula for transfer price adjustment: Adjusted transfer price = average actual repurchase price per share × (total number of common stock shares after the repurchase has been declared ÷ total number of common stock shares prior to the company's transfer of the repurchased shares to employees) 7.Any other matters that need to be specified:None