Altek : The Board of Directors approved the issuance of Restricted Stock Awards ("RSA").

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Provided by: Altek Corporation
SEQ_NO	5	Date of announcement	2022/03/10	Time of announcement	17:48:22
Subject	The Board of Directors approved the issuance of Restricted Stock Awards ("RSA").
Date of events	2022/03/10	To which item it meets	paragraph 11
Statement	1.Date of the board of directors resolution:2022/03/10 2.Expected issue price:Issue price per share of NT$0. 3.Expected total amount (shares) of issuance:2,000,000 common shares. 4.Vesting conditions: Employees continuously employing with the Company through the vesting dates to the following vested periods with the annual personal performance B+ or higher, no violation any work rules, will receive the vested shares as below: Within one month after the expiration of one year: 50% of shares acquired. Within one month after the expiration of two year: 50% of shares acquired. 5.Measures to be taken when employees fail to meet the vesting conditions or in the event of inheritance: If failing to meet the vested conditions, the Company shall redeem shares for free from employee and cancel it. All other matters shall be handled in accordance with the issuance regulations. 6.Other issuance criteria:None. 7.Qualification criteria for employees: Full-time employees of the company's domestic and foreign control or subordinate companies who are already employed on the date that such restricted shares are awarded shall be eligible to receive the RSA. The alleged control or subordinate company is in accordance with the definition of standard identification about Article 369-2 of Company Act. The number of granted shares shall be determined by seniority, position, performance, overall contribution, special contribution and other factors in management. The list and shares to be granted shall be reviewed by the Chairman and be approved by the Board. However, for employees who are managerial officers or Board members, the award of such shares shall obtain approval of the Compensation Committee. 8.The necessary reason of the current issuance of RSA: To attract and retain professional personnel, to motivate employees and enhance their centripetal force so as to jointly create the Company's and shareholders' interests. 9.Calculated expense amount: The Company shall evaluate the shares' fair market value on delivery day and recognize expenses annually during the vested period. The estimated maximum amount based on the closing price NT$43.25 of February 25, 2022 is NTD 86,500,000. The estimated amortized expense from 2022 to 2024 is NTD27,031,000, NTD46,854,000, and NTD12,615,000 respectively, under the assumption of issuance at the end of August 2022. If it is issued to a full-time official employee of the company's domestic or foreign control or subordinate company, the impact on the company's expense will be reduced accordingly. 10.Dilution of the Company's earnings per share (EPS): The maximum dilution of the Company's EPS from 2022 to 2024 is NTD 0.10, 0.17, and 0.05, respectively. The influence on the Company's EPS is limited, hence there's no material impact on the shareholder's equity. 11.Other matters affecting shareholder's equity:None. 12.Restrictions before employees meet the vesting conditions once the RSA are received or subscribed for: (1)Employees may not sell, pledge, transfer, give to other people, collateralize or dispose in other modes with the restricted stock awards during the vested period. (2)In case the Company applies for capital reduction by cash and other capital reduction other than capital reduction by law during the vested period, Restricted Stock Awards shall be cancelled by pro rata of capital reduction. In case of capital reduction by cash, the cash must be returned given to the trust custodian and shall only be given to employees after meeting the vested conditions and period. Nonetheless in case the employees fail to meet the vested conditions upon the expiration, the Company shall recover the cash. 13.Other important terms and conditions (including stock trust custody, etc.): (1)After the Regulations have been approved by the Board of Directors, with two thirds directors attending the meeting and agreed by the majority of attending directors, the Regulations shall be submitted to the competent authority for approval. The same procedures shall apply to the revision before the Restricted Stock Awards are to be granted. In case a revision is requested by the competent authority, the Chairman is authorized to amend the Regulations and submit to the Board of Directors for ratification afterwards prior to the grant. (2)The employees who not meet the vested conditions, the attendance, proposal, speaking, right to vote and other shareholder's right related matters for the shareholder's meeting shall all be exercised on behalf of the trust custodian. (3)Any other matters not set forth herein shall be dealt with in accordance with the Applicable Laws and/or the Articles. 14.Any other matters that need to be specified:None.