Announcement of the board resolution to repurchase treasury shares

Announcement of the board resolution to repurchase
treasury shares

1.Date of the board of directors resolution:2024/10/31
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):331,000,000
5.Scheduled period for the repurchase:2024/11/01~2024/12/31
6.No.of shares to be repurchased (shares):1,000,000
7.Repurchase price range (NTD):$146-$331, 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 (%):0.64%
10.Cumulative no.of the Company’s own shares held at the time of reporting
(shares):6,394,200
11.Status of repurchases within three years prior to the time of reporting:
(1) Actual repurchase period: 2023/11/10 ~ 2024/1/9
(2) Expected repurchase volume (shares): 10,000,000
(3) Actual repurchase volume (shares): 7,513,000
(4) Execution (% of actual volume out of expected volume): 75%
12.Status of repurchases that have been reported but not yet completed:
Our company planned to repurchase shares as follows:
1st repurchase: Planned 2,000,000 shares, actually repurchased 146,000
shares
2nd repurchase: Planned 2,000,000 shares, actually repurchased 1,758,000
shares
4th repurchase: Planned 2,000,000 shares, actually repurchased 1,228,000
shares
5th repurchase: Planned 3,000,000 shares, actually repurchased 2,673,000
shares
7th repurchase: Planned 3,000,000 shares, actually repurchased 341,000
shares
8th repurchase: Planned 15,800,000 shares, actually repurchased 9,539,000
shares
9th repurchase: Planned 1,000,000 shares, actually repurchased 715,000
shares
10th repurchase: Planned 10,000,000 shares, actually repurchased 7,513,000
shares
The reason for incomplete execution is to avoid impacting the stock price
 while balancing market mechanisms. The company adopted a phased repurchase
 strategy based on stock price fluctuations and trading volume, leading to
the incomplete execution.
13.Minutes of the board of directors meeting that resolved for the share
repurchase:The 18th board of directors of the Company passed a resolution
in the 15th meeting to repurchase shares on the stock exchange for a price
between 146 and 331 per share. This repurchase of common shares is subject
to a maximum of NT$331,000,000. The Company expects to repurchase 1000
thousand shares.
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:Please refer to the rules for transferring shares to employees
of Company.
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:None.
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 total number of shares to be repurchased above is only 0.64%
 of the Company's shares outstanding, and the maximum amount of repurchase
 is only 5.68% of the Company's current assets. The Company hereby declares
 that the board of directors has taken into account the Company's financial
 standing, and the repurchase above will have no impact on the maintenance
of the Company's capital.
17.Appraisal or opinion by a CPA or securities underwriter about the
reasonableness of the share repurchase price:According to the assessment
of Securities Underwriter Taishin Securities Co., Ltd, the repurchase price
 range set by the Company is deemed reasonable and compliant with the
applicable regulations. Furthermore, it is deemed to have no material impact
 on the Company's financial standing or shareholder equity in terms of its
effects on the financial structure, net asset value per share, dividend per
share, return on equity, quick ratio, current ratio, and cash flows.
18.Other matters stipulated by the SFB:None.