[Sanyang Industry] Board of Directors Resolution on Share Repurchase
Sanyang Industry has resolved to repurchase up to 10 million shares from the market for employee stock transfer, spanning from May 21 to July 17, 115.
📋 Article Processing Timeline
- 📰 Published: May 20, 2026 at 09:00
- 🔍 Collected: May 21, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 21, 2026 at 08:03 (3 min after Collected)
1. Resolution Date: May 20, 115
2. Purpose: To transfer shares to employees.
3. Type: Common shares.
4. Maximum Total Amount: NT$15,405,106,974.
5. Expected Period: May 21, 115, to July 17, 115.
6. Expected Volume: 10,000,000 shares.
7. Price Range: NT$42.00 to NT$68.00. The company will continue to repurchase if the price falls below the lower limit.
8. Method: Market repurchase.
9. Ratio to Total Issued Shares: 1.28%.
10. Accumulated Shares Held at Declaration: 10,000,000 shares.
11. Past Repurchases (Past 5 Years): Various rounds of repurchases have been completed, with some pending cancellation.
12. Status of Unexecuted Repurchases: The company is adopting a staged repurchase strategy to balance shareholder interests and market mechanisms.
13. Meeting Minutes: Approved by the Board on May 20, 115.
14. Transfer Policy: Established to incentivize employees, enhance loyalty, and foster labor-management harmony.
15. Statement on Capital Maintenance: The repurchase volume accounts for only 1.28% of total issued shares, ensuring no material impact on capital maintenance.
16. Price Reasonableness: Assessed by the certified public accountant as reasonable.
2. Purpose: To transfer shares to employees.
3. Type: Common shares.
4. Maximum Total Amount: NT$15,405,106,974.
5. Expected Period: May 21, 115, to July 17, 115.
6. Expected Volume: 10,000,000 shares.
7. Price Range: NT$42.00 to NT$68.00. The company will continue to repurchase if the price falls below the lower limit.
8. Method: Market repurchase.
9. Ratio to Total Issued Shares: 1.28%.
10. Accumulated Shares Held at Declaration: 10,000,000 shares.
11. Past Repurchases (Past 5 Years): Various rounds of repurchases have been completed, with some pending cancellation.
12. Status of Unexecuted Repurchases: The company is adopting a staged repurchase strategy to balance shareholder interests and market mechanisms.
13. Meeting Minutes: Approved by the Board on May 20, 115.
14. Transfer Policy: Established to incentivize employees, enhance loyalty, and foster labor-management harmony.
15. Statement on Capital Maintenance: The repurchase volume accounts for only 1.28% of total issued shares, ensuring no material impact on capital maintenance.
16. Price Reasonableness: Assessed by the certified public accountant as reasonable.
FAQ
Why is the company repurchasing its own shares?
To transfer shares to employees, thereby enhancing their motivation and sharing the company's operating success.
When will the repurchase program end?
It is scheduled to continue until July 17, 115.
What is the impact on retail investors?
The repurchase may create demand in the market, potentially providing support for the stock price in the short term.