Alltop Tech. Board of Directors Approved Share Repurchase Plan
article 4 paragraph 35 Date of events:2018/05/11
1.Date of the board of directors resolution:2018/05/11
2.Purpose of the share repurchase:Such repurchase is for the cancellation of shares to maintain the Company's credit and shareholders' equity
3.Type of shares to be repurchased:Common shares
4.Ceiling on total monetary amount of the share repurchase:NT$ 516,882,256.
5.Scheduled period for the repurchase:2018/5/12~2018/7/11
6.Number of shares to be repurchased:A maximum of 1,000,000 shares
7.Repurchase price range:NTD 48.65~99.30 per share. If the market price falls below the lowest range, the Company is still authorized to purchase the shares.
8.Method for the repurchase:To purchase directly from the open market
9.Ratio of the shares to be repurchased to total issued shares of the Company:1.52 %
10.Number of the Company’s own shares held at the time of reporting:0 share
11.Status of repurchases within three years prior to the time of reporting: N/A
12.Status of repurchases that have been reported but not yet completed:N/A
13.Minutes of the board of directors meeting that resolved for the share repurchase:
Proposal for the cancellation of the Company’s shares
The following related matters are proposed for the repurchase:
(a) Purpose of the repurchase: Such repurchase is for the cancellation of shares to maintain the Company's credit and shareholders' equity
(b) Planned period for the repurchase: May 12, 2018 to July 11, 2018
(c) Number of shares to be repurchased: 1,000,000 shares
(d) Price range of the shares to be repurchased: NTD 48.65~99.30 per share If the market price falls below the lowest range, the Company is still authorized to purchase the shares.
Resolution: This Proposal has been approved unanimously by the directors presented.
14.The rules for transfer of shares set forth in Article 10 of the Guidelines for Repurchase of Shares by Listed and OTC Companies:N/A
15.The rules for conversion or subscription of shares set forth in Article 11 of the Guidelines for Repurchase of Shares by Listed and OTC Companies:N/A
16.Declaration that the financial state of the Company has been considered by the board of directors and that its capital maintenance will not be affected:
The number of shares to be repurchased accounts for 1.52% of Alltop's outstanding shares, and the maximum amount for repurchase plan is 5.18% of Alltop's total current assets. The Board of Directors states that Alltop's financial status had been considered hereby and Alltop's capital maintenance will not be affected by the repurchase plan.
17Appraisal by a CPA or securities underwriter of the reasonableness of the share repurchase price: The repurchase of these common shares in the stated price range is reasonable and will not have a material impact on Alltop's financial structure.
18.Other particular specified by the Securities and Futures Bureua:N/A