1.Date of the board of directors resolution:2006/12/12
2.Purpose of the share repurchase:For the shareholders' interest. The purchased shares will be canceled by HTC.
3.Type of shares to be repurchased:HTC's common stocks
4.Ceiling on total monetary amount of the share repurchase: NT$4,000,000,000
5.Scheduled period for the epurchase:2006/12/13~2007/01/19
6.Number of shares to be repurchased:
A maximum of 5,000,000 shares.
7.Repurchase price range:NT$601 to NT$800 per share. In the event that HTC's share price is lower than this price range, HTC may continue to buy back its shares.
8.Method for the repurchase:
To buy back shares traded on Taiwan Stock Exchange.
9.Ratio of the shares to be repurchased to total issued shares of the Company:1.15%
10.Number of the Company’s own shares held at the time of reporting:None.
11.Status of repurchases within three years prior to the time of reporting:None.
12. Status of repurchases that have been reported but not yet completed:None.
13.Minutes of the board of directors meeting that resolved for the share repurchase:
It was proposed to approve, in accordance with the following details, the adoption of rules, procedure and Board Declaration for HTC to buy back HTC common shares trade on the Taiwan Stock Exchange.
(1)Purpose of the buyback: For the shareholders' interest. The purchased shares will be cancelled by HTC.
(2)Type of shares to be bought back: HTC's common shares.
(3)Upper limit on the total value for the shares to be bought: NT$4,000,000,000.
(4)Contemplated period of buyback: From December 13, 2006 to January 19, 2007.
(5)Number of shares to be bought back: A maximum of 5,000,000 shares.
(6)Contemplated price range: NT$601 to NT$800 per share. In the event that HTC's share price is lower than this price range, HTC may continue to buy back its shares.
(7)Method of buyback:To buy back shares traded on Taiwan Stock Exchange.
Upon motion duly made and seconded, the following resolution was adopted unanimously by the affirmative votes of the directors present:
RESOLVED, that the above proposal be and hereby is approved.
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 stated amount of common shares to be purchased accounts for 1.15% of the HTC's total outstanding shares, and the maximum amount of funding needed for buying back theses common shares is only 7.55% of HTC's total current assets. Hereby, the Board of Directors states that it has already considered HTC's financial status and that the buyback of these common shares will not have an impact on maintaining HTC's invested capital.
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 an 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