1.Date of the board of directors resolution:2015/08/24
2.Purpose of the share repurchase:
Such repurchase is proposed and arranged for the cancellation of shares
for the Company¡¦s credit and interest of shareholders.
3.Type of shares to be repurchased:HTC's common stocks
4.Ceiling on total monetary amount of the share repurchase:
NT$62,353,725,283 (The aforementioned NT$62,353,725,283 is the
regulatory cap on the total value of the shares could be bought.HTC
Board of Directors resolved the Ceiling on total monetary amount
of the repurchase is NT$3,000,000,000.)
5.Scheduled period for the repurchase:2015/08/25~2015/10/24
6.Number of shares to be repurchased:50,000,000 shares.
7.Repurchase price range:NT$ 35.00 to NT$ 60.00 per share.
Repurchasing will continue even when the share price is lower
than the lower bound of the above price range.
8.Method for the repurchase:Repurchase at a centralized securities exchange.
9.Ratio of the shares to be repurchased to total issued shares of the
10.Number of the Company’s own shares held at the time
of reporting:0 shares
11.Status of repurchases within three years prior to the time of
HTC had bought treasury stock back once, which was 7,789,000
shares of common stock within three years prior to the time
12.Status of repurchases that have been reported but not yet
No repurchases that have been reported but not yet completed.
13.Minutes of the board of directors meeting that resolved for the share
Proposal for the repurchase of the Company’s shares and cancellation of
such shares is submitted for discussion.
(1)Pursuant to the second Article of the Regulations Governing Share
Repurchases by Listed and OTC Companies, the Company will repurchase
Treasury Stock for the cancellation of shares for the Company’s credit
and interest of shareholders.
(2) The following related matters are proposed for this repurchase:
(a) Purpose of the repurchase: Such repurchase is proposed and
arranged for the cancellation of shares for the Company’s credit and
interest of shareholders.
(b) Types of shares to be repurchased: the Company’s common shares
(c) Ceiling on total monetary amount of the repurchase: NT$3,000,000,000.
(d) Planned period for the repurchase, and number of shares to be
repurchased:It is proposed to repurchase 50,000,000 shares from
August 25, 2015 to October 24, 2015.
(e) Price range of the shares to be repurchased: From NT$35.00 to NT$60.00,
repurchasing will continue even when the share price is lower than the
lower bound of the above price range.
(f) Method for the repurchase: Repurchase at a centralized securities
(3)The number of issued outstanding common shares is 828,272,225. The
number of repurchased common shares constitutes 6.04 % of the issued
outstanding common shares, and the Company¡¦s own funds will be used to
buy Treasury Stock, so that the financial status and that capital of the
Company will not be affected. By law, when the Company repurchases its own
shares, it shall announce the repurchase, and report to the Financial
Supervisory Commission (FSC), and make a Declaration (as Appendix 1)
that was considered at a meeting of the board of directors and on which
the resolution was made by the directors present.
(4) The proposal is submitted for discussion and resolution.
Resolution: This Proposal has been approved unanimously by the
Directors presented (6 seats).
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
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
1. The Corporation will repurchase, through a majority vote at the 23th
meeting of the 7th Board of Directors attended by at least a two-thirds
quorum on August 24, 2015, its own shares at a centralized securities
exchange market within two months from the day on which the repurchase
was reported to the Financial Supervisory Commission (FSC).
2. Total number of common shares to be repurchased constitutes 6.04% of
the issued outstanding common shares and cash needed for such repurchase
constitutes 2.84% of current assets. The financial status of the Company was
considered at the meeting of the Board of Directors; it is concluded that
the maintenance of Company¡¦s capital would not be affected by the
3. This Declaration has been approved unanimously by all the directors
presented six at this board meeting.
17.Appraisal by a CPA or securities underwriter of the reasonableness of the
share repurchase price:
The buyback of these common shares in the stated price range
will not have a material impact on HTC's financial structure, book
value per share, earnings per share, return on equity, quick
ratio, and current ratio except for cash flow.
18.Other particular specified by the Securities and Futures Bureau:None