China Chemical Holdings: Announcement on the Board of Directors' Approval of the Fourth Share Repurchase
China Chemical Holdings' board of directors has approved its fourth share repurchase program, aimed at transferring shares to employees. The repurchase period is from May 6 to July 3, 2026, with a maximum of 1 million shares to be bought back. This initiative seeks to enhance employee engagement.
📋 Article Processing Timeline
- 📰 Published: May 5, 2026 at 09:00
- 🔍 Collected: May 6, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 6, 2026 at 08:09 (9 min after Collected)
1. Date of board of directors' resolution: 115/05/05
2. Purpose of share repurchase: To transfer shares to employees
3. Type of shares to be repurchased: Common shares
4. Upper limit of total amount of shares to be repurchased (NTD): 5,998,617,899
5. Scheduled repurchase period: 115/05/06~115/07/03
6. Scheduled repurchase quantity (shares): 1,000,000
7. Repurchase price range (NTD): 24.00~42.00
8. Method of repurchase: Buyback from the centralized trading market
9. Ratio of scheduled repurchase shares to total issued shares (%): 0.67
10. Cumulative number of shares held by the company at the time of declaration (shares): 3,211,000
11. Status of company's share repurchases within the five years prior to declaration:
(1) Actual repurchase period: 114/08/12 ~ 114/10/09, scheduled repurchase quantity (shares): 1,000,000, actual repurchased quantity (shares): 609,000, execution status (actual repurchased quantity as a percentage of scheduled repurchase quantity): 61.00
(2) Actual repurchase period: 114/04/11 ~ 114/06/09, scheduled repurchase quantity (shares): 3,000,000, actual repurchased quantity (shares): 1,602,000, execution status (actual repurchased quantity as a percentage of scheduled repurchase quantity): 53.00
(3) Actual repurchase period: 113/12/27 ~ 114/02/26, scheduled repurchase quantity (shares): 1,000,000, actual repurchased quantity (shares): 1,000,000, execution status (actual repurchased quantity as a percentage of scheduled repurchase quantity): 100.00
12. Status of declared repurchases not yet fully executed:
For the 2nd and 3rd repurchases not yet fully executed: To balance market mechanisms and protect the interests of all shareholders, the company executes repurchases in batches based on stock price fluctuations and trading volume, thus not fully executing all of them.
13. Minutes of the board of directors' resolution on share repurchase:
Approved by the company's 2nd session, 12th board meeting.
14. Regulations for transfer pursuant to Article 10 of "Regulations Governing the Repurchase of Company Shares by Publicly Issued and Listed Companies":
Regulations for China Chemical Holdings Co., Ltd. to transfer repurchased shares to employees:
Article 1 Purpose
To motivate employees and enhance their sense of belonging, the company, in accordance with Article 28-2, Paragraph 1, Subparagraph 1 of the Securities Exchange Act and relevant regulations issued by the Financial Supervisory Commission, including the "Regulations Governing the Repurchase of Company Shares by Publicly Issued and Listed Companies," has established these regulations for the transfer of repurchased shares (hereinafter referred to as treasury shares) to employees. The company's transfer of repurchased shares to employees shall be handled in accordance with these regulations, unless otherwise provided by relevant laws and regulations.
Article 2 Type of shares to be transferred, content of rights, and restrictions on rights
The shares transferred by the company to employees are all common shares, and their rights and obligations are the same as other outstanding common shares, unless otherwise provided by relevant laws and regulations and these regulations.
Article 3 Transfer period
The shares repurchased by the company shall be transferred to employees in one or more installments within five years from the date of repurchase, in accordance with these regulations.
Article 4 Qualifications of transferees
Employees of the company who have been employed for at least six months prior to the share subscription base date or who have made special contributions to the company and have been approved by the board of directors shall be eligible to subscribe for treasury shares in accordance with the subscription quantity stipulated in Article 5 of these regulations. The term "employees" in these regulations refers to full-time employees receiving salaries from the company and its domestic and overseas subsidiaries in which the company directly or indirectly holds more than 50% of the voting shares. Part-time employees, temporary employees, short-term student workers, and outsourced workers are not applicable to these regulations.
Article 5 Regulations on the number of shares to be transferred
The number of shares that employees can subscribe for is determined based on factors such as employee rank, seniority, special contributions to the company, and taking into account the total number of repurchased shares held by the company on the share subscription base date and the upper limit of the number of shares subscribed by a single employee, and shall be reported to the board of directors for approval. However, if the subscriber is a manager, it shall first be submitted to the remuneration committee for review before being reported to the board of directors for resolution. If the subscriber is not a manager, it shall first be submitted to the audit committee for review before being reported to the board of directors for resolution. Employees who fail to subscribe and pay during the subscription period shall be deemed to have waived their rights. For the remaining unsubscribed shares, the board of directors may arrange for other employees to subscribe during that subscription operation and report to the review committee or remuneration committee for review based on the subscriber's identity before reporting to the board of directors for resolution.
Article 6 Operating procedures for the company's transfer of repurchased shares to employees:
1. In accordance with the resolution of the board of directors, announce, report, and repurchase the company's shares within the execution period.
2. The board of directors shall formulate and announce operating matters such as the employee share subscription base date, standards for the number of shares available for subscription, subscription payment period, content of rights, and restrictions in accordance with these regulations.
3. Count the actual number of subscribed and paid shares, and handle the registration of share transfer.
Article 7 Agreed transfer price per share
The company's transfer of repurchased shares to employees shall be at the average price of actual repurchases. However, if the company's issued common shares increase or decrease before the transfer, the price may be adjusted proportionally to the increase or decrease in issued shares.
Transfer price adjustment formula:
Transfer price adjustment formula = average actual repurchase price * (total common shares at the time of company's repurchase declaration / total common shares before company's transfer of repurchased shares to employees)
Article 8 Rights and obligations after transfer
After the company transfers repurchased shares to employees and completes transfer registration, unless otherwise specified, the remaining rights and obligations are the same as the original shares.
Article 9 Other matters concerning the company's and employees' rights and obligations
The taxes and expenses incurred by the company's transfer of repurchased shares to employees shall be borne by the company or employees respectively in accordance with relevant laws and regulations.
Article 10 Other matters
The shares repurchased by the company for transfer to employees shall be fully transferred within five years from the date of repurchase. Any untransferred portion after this period shall be deemed unissued shares of the company and shall be handled for changes in share cancellation in accordance with the law. If the company wishes to cancel the untransferred portion of shares waived by employees earlier, it may amend the transfer period according to the original procedures. Other unagreed matters shall be handled in accordance with relevant laws and regulations.
Article 11 Effectiveness and amendment
These regulations are approved by the board of directors. Keywords: Material Information
2. Purpose of share repurchase: To transfer shares to employees
3. Type of shares to be repurchased: Common shares
4. Upper limit of total amount of shares to be repurchased (NTD): 5,998,617,899
5. Scheduled repurchase period: 115/05/06~115/07/03
6. Scheduled repurchase quantity (shares): 1,000,000
7. Repurchase price range (NTD): 24.00~42.00
8. Method of repurchase: Buyback from the centralized trading market
9. Ratio of scheduled repurchase shares to total issued shares (%): 0.67
10. Cumulative number of shares held by the company at the time of declaration (shares): 3,211,000
11. Status of company's share repurchases within the five years prior to declaration:
(1) Actual repurchase period: 114/08/12 ~ 114/10/09, scheduled repurchase quantity (shares): 1,000,000, actual repurchased quantity (shares): 609,000, execution status (actual repurchased quantity as a percentage of scheduled repurchase quantity): 61.00
(2) Actual repurchase period: 114/04/11 ~ 114/06/09, scheduled repurchase quantity (shares): 3,000,000, actual repurchased quantity (shares): 1,602,000, execution status (actual repurchased quantity as a percentage of scheduled repurchase quantity): 53.00
(3) Actual repurchase period: 113/12/27 ~ 114/02/26, scheduled repurchase quantity (shares): 1,000,000, actual repurchased quantity (shares): 1,000,000, execution status (actual repurchased quantity as a percentage of scheduled repurchase quantity): 100.00
12. Status of declared repurchases not yet fully executed:
For the 2nd and 3rd repurchases not yet fully executed: To balance market mechanisms and protect the interests of all shareholders, the company executes repurchases in batches based on stock price fluctuations and trading volume, thus not fully executing all of them.
13. Minutes of the board of directors' resolution on share repurchase:
Approved by the company's 2nd session, 12th board meeting.
14. Regulations for transfer pursuant to Article 10 of "Regulations Governing the Repurchase of Company Shares by Publicly Issued and Listed Companies":
Regulations for China Chemical Holdings Co., Ltd. to transfer repurchased shares to employees:
Article 1 Purpose
To motivate employees and enhance their sense of belonging, the company, in accordance with Article 28-2, Paragraph 1, Subparagraph 1 of the Securities Exchange Act and relevant regulations issued by the Financial Supervisory Commission, including the "Regulations Governing the Repurchase of Company Shares by Publicly Issued and Listed Companies," has established these regulations for the transfer of repurchased shares (hereinafter referred to as treasury shares) to employees. The company's transfer of repurchased shares to employees shall be handled in accordance with these regulations, unless otherwise provided by relevant laws and regulations.
Article 2 Type of shares to be transferred, content of rights, and restrictions on rights
The shares transferred by the company to employees are all common shares, and their rights and obligations are the same as other outstanding common shares, unless otherwise provided by relevant laws and regulations and these regulations.
Article 3 Transfer period
The shares repurchased by the company shall be transferred to employees in one or more installments within five years from the date of repurchase, in accordance with these regulations.
Article 4 Qualifications of transferees
Employees of the company who have been employed for at least six months prior to the share subscription base date or who have made special contributions to the company and have been approved by the board of directors shall be eligible to subscribe for treasury shares in accordance with the subscription quantity stipulated in Article 5 of these regulations. The term "employees" in these regulations refers to full-time employees receiving salaries from the company and its domestic and overseas subsidiaries in which the company directly or indirectly holds more than 50% of the voting shares. Part-time employees, temporary employees, short-term student workers, and outsourced workers are not applicable to these regulations.
Article 5 Regulations on the number of shares to be transferred
The number of shares that employees can subscribe for is determined based on factors such as employee rank, seniority, special contributions to the company, and taking into account the total number of repurchased shares held by the company on the share subscription base date and the upper limit of the number of shares subscribed by a single employee, and shall be reported to the board of directors for approval. However, if the subscriber is a manager, it shall first be submitted to the remuneration committee for review before being reported to the board of directors for resolution. If the subscriber is not a manager, it shall first be submitted to the audit committee for review before being reported to the board of directors for resolution. Employees who fail to subscribe and pay during the subscription period shall be deemed to have waived their rights. For the remaining unsubscribed shares, the board of directors may arrange for other employees to subscribe during that subscription operation and report to the review committee or remuneration committee for review based on the subscriber's identity before reporting to the board of directors for resolution.
Article 6 Operating procedures for the company's transfer of repurchased shares to employees:
1. In accordance with the resolution of the board of directors, announce, report, and repurchase the company's shares within the execution period.
2. The board of directors shall formulate and announce operating matters such as the employee share subscription base date, standards for the number of shares available for subscription, subscription payment period, content of rights, and restrictions in accordance with these regulations.
3. Count the actual number of subscribed and paid shares, and handle the registration of share transfer.
Article 7 Agreed transfer price per share
The company's transfer of repurchased shares to employees shall be at the average price of actual repurchases. However, if the company's issued common shares increase or decrease before the transfer, the price may be adjusted proportionally to the increase or decrease in issued shares.
Transfer price adjustment formula:
Transfer price adjustment formula = average actual repurchase price * (total common shares at the time of company's repurchase declaration / total common shares before company's transfer of repurchased shares to employees)
Article 8 Rights and obligations after transfer
After the company transfers repurchased shares to employees and completes transfer registration, unless otherwise specified, the remaining rights and obligations are the same as the original shares.
Article 9 Other matters concerning the company's and employees' rights and obligations
The taxes and expenses incurred by the company's transfer of repurchased shares to employees shall be borne by the company or employees respectively in accordance with relevant laws and regulations.
Article 10 Other matters
The shares repurchased by the company for transfer to employees shall be fully transferred within five years from the date of repurchase. Any untransferred portion after this period shall be deemed unissued shares of the company and shall be handled for changes in share cancellation in accordance with the law. If the company wishes to cancel the untransferred portion of shares waived by employees earlier, it may amend the transfer period according to the original procedures. Other unagreed matters shall be handled in accordance with relevant laws and regulations.
Article 11 Effectiveness and amendment
These regulations are approved by the board of directors. Keywords: Material Information