Apaq Technology : Announcement of the board resolution to repurchase treasury shares

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Provided by: APAQ TECHNOLOGY CO.,LTD.
SEQ_NO	6	Date of announcement	2022/08/09	Time of announcement	20:09:24
Subject	Announcement of the board resolution to repurchase treasury shares
Date of events	2022/08/09	To which item it meets	paragraph 35
Statement	1.Date of the board of directors resolution:2022/08/09 2.Purpose of the share repurchase:To transfer shares to employees 3.Type of shares to be repurchased:Common shares 4.Ceiling on total monetary amount of the share repurchase (NTD): 1,582,791,103 5.Scheduled period for the repurchase:2022/08/10~2022/10/07 6.No.of shares to be repurchased (shares):1,000,000 7.Repurchase price range (NTD):27.93~63.48，repurchase to continue if the share price is below the minimum price. 8.Method for the repurchase:To repurchase in the centralized securities exchange market. 9.Shares to be repurchased as a percentage of total issued shares of the Company (%):1.12 10.Cumulative no.of the Company's own shares held at the time of reporting (shares):0 11.Status of repurchases within three years prior to the time of reporting: NA 12.Status of repurchases that have been reported but not yet completed: (1) Expected repurchase volume (shares): 2,000,000 (2) Actual repurchase volume (shares): 1,258,000 13.Minutes of the board of directors meeting that resolved for the share repurchase:7h term, 11th Board Meeting Minutes on 2022/08/09 14.The Rules for Transfer of Shares set forth in Article 10 of the Regulations Governing Share Repurchase by Exchange-Listed and OTC-Listed Companies: Article 1 For the purpose of encouraging our employees and to build cohesion among theemployees, the Company hereby, pursuant to Article 28-2, Paragraph 1,Subparagraph 1 of the "Securities and Exchange Act" and the "Regulations Governing Share Repurchase by Exchange-Listed and OTC-Listed Companies" issued by Financial Supervisory Commission R.O.C., establishes the "Plan of Share Repurchase and Transferring to the Employees" (the "Plan").Except otherwise provided in relevant laws or regulations, all share repurchase and transferring to the employees of the Company shall be implemented in compliance with the Plan. Article 2 Type of transfer of shares, content of rights and restrictions on rights The shares to be transferred to the employees are ordinary shares. Except as otherwise provided in relevant laws or regulations or in this Plan, the rights and obligations embedded thereon are the same with Other ordinary shares of the Company. Article 3 Transfer period The repurchased shares can be transferred to employees in one time or several times, such subscription day(s) shall be set within 5 years from the date of share-repurchase. Article 4 Transferee's eligibility Any full-time employee of the Company, and Any full-time employee , which the Company directly or indirectly hold more than 100% of the voting shares of the same investee company that has made a special contribution to the company before the date of the subscription and has submitted the approval of the board of directors that meet certain conditions may be etermined in accordance with Article 5 of these Measures. The subscription amount is eligible for subscription. Article 5 Numbers of shares to be subscribed by employees The Board of Directors shall decide the qualifications and the acutal number of shares to be subscribed by considering certain factors, such as the employees'level, seniority or special contribution to the Company, together with the number of treasury shares held by the Company as of the record date of subscription and the maximum number of shares that can be subscribed by an individual employee, etc. However, those managerial officers in the list of subscribers shall first be submitted to the Remuneration Committee for deliberation and then submitted it to the Board of Directors for resolution, and those who are not managerial officers shall first be submitted it to the Audit Committee for deliberation and then submitted it to the Board of Directors for resolution. Failure to subscribe and make the payment for the shares before the due date shall be deemed as giving up the right to subscribe. Article 6 The transfer procedure of this share repurchase program is described as follows: (1)In accordance with the resolution of the board of directors, announce, declare and buy back the shares of the company within the execution period (2)The Board of Directors set and announce the employees' subscription date, the standards for numbers of shares to which employees may subscribe, the period for payment or subscriptions, rights, and limitations, etc. (3)To calculate the actual share subscription with payment received,and transfer the shares accordingly. Article 7 (1)The transfer price of the shares The transfer price of the repurchase shares shall be the average price of the actual repurchase. (2)If the number of the Company's issued and outstanding ordinary shares increases prior to the transfer, the transfer price shall be not adjusted. Article 8 Rights and obligations of shares after transfer After the repurchased shares are being transferred and registered under employees'names, unless otherwise specified, the rights and obligations associated with the shares are the same as the original associated with the common shares. Article 10 This Plan shall take affect after being affirmatively resolved by the Board of Directors and may be amended by a resolution of the Board of Directors. 15.The Rules for Conversion of Shares or the Rules for Subscription of Shares set forth in Article 11 of the Regulations Governing Share Repurchase by Exchange-Listed and OTC-Listed Companies: NA 16.Declaration that the financial status of the Company has been considered by the board of directors, and that its capital maintenance will not be affected:The aforesaid total volume of the repurchase accounts for 1.12% of the Company's outstanding shares, which accounts for 2.07% of the Company's current assets. The board of directors has considered the financial situation of the Company. The repurchase plan will not affect the capital maintenance of the Company. 17.Appraisal or opinion by a CPA or securities underwriter about the reasonableness of the share repurchase price: This repurchase price range is reasonable and will not have a material impact financial structure and related financial ratio. 18.Other matters stipulated by the SFB:NA