[Chung Tai] Announcement of Board Resolution to Repurchase Treasury Shares
Chung Tai Resource Technology resolved on April 17, 2026, to repurchase up to 1.5 million shares (1.64% of issued shares) between NTD 65.00 and 95.00 from April 20 to June 19, to maintain company credit and shareholder equity.
📋 Article Processing Timeline
- 📰 Published: April 17, 2026 at 09:00
- 🔍 Collected: April 18, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: April 18, 2026 at 21:51 (13h 51m after Collected)
1. Date of the board of directors resolution: April 17, 2026 (115/04/17)
2. Purpose of share repurchase: To maintain company credit and shareholder equity
3. Type of shares to be repurchased: Common shares
4. Ceiling on total monetary amount of the share repurchase (NTD): 1,427,574,590
5. Scheduled period for the repurchase: From April 20, 2026 to June 19, 2026
6. No. of shares to be repurchased (shares): 1,500,000
7. Repurchase price range (NTD): 65.00 to 95.00. The company will continue to repurchase even if the share price falls below the lower limit.
8. Method for the repurchase: Repurchase from the centralized exchange market
9. Ratio of the shares to be repurchased to total issued shares of the company (%): 1.64
10. Number of the company's own shares held at the time of reporting (shares): 0
11. Status of repurchases within three years prior to reporting:
(1) Actual repurchase period: April 11, 2025 to June 10, 2025. Scheduled repurchase volume: 2,000,000 shares. Actual repurchased volume: 400,000 shares. Execution rate (actual/scheduled %): 20.00
12. Status of repurchases that have been reported but not yet completed:
Explanation for the first reported but incomplete repurchase: To protect shareholder equity and consider market mechanisms, a strategy of purchasing in batches based on stock price changes and trading volume was adopted, hence it was not fully executed.
13. Minutes of the board meeting resolving the share repurchase:
(I). Handled in accordance with Article 28-2, Paragraph 1 of the Securities and Exchange Act and the 'Regulations Governing Share Repurchase by Exchange-Listed and OTC-Listed Companies' issued by the FSC.
(II). The company intends to buy its shares from the securities exchange market, with details as follows:
(1) Purpose: Maintain company credit and shareholder equity; shares will be canceled.
(2) Type: Common shares.
(3) Ceiling on total amount: NTD 142,500,000.
(4) Scheduled period: April 20 to June 19, 2026.
(5) Scheduled volume: 1,500,000 shares.
(6) Price range: NTD 65 to 95 per share.
(7) Method: Repurchase from the centralized market.
(III). Repurchase will continue even if the price falls below the lower limit.
(IV). Authorization is proposed for the Chairman and designated personnel to handle the repurchase at their discretion based on market conditions and report progress at the next board meeting.
(V). The evaluation opinion on the reasonableness of the repurchase price is attached.
14. Transfer methods per Article 10 of the Regulations: N/A
15. Conversion or subscription methods per Article 11 of the Regulations: N/A
16. Board declaration regarding the company's financial status and maintenance of capital:
1. The Board of Directors passed a resolution on April 17, 2026, with over 2/3 attendance and over 1/2 approval, to repurchase 1.5 million shares within two months.
2. The total shares account for only 1.64% of issued shares, and the maximum required funds account for only 26% of current assets in the latest financial statements. We declare the board has considered the financial status and this repurchase does not affect capital maintenance.
3. This declaration was approved by the 8 attending directors.
17. Evaluation opinion by CPA or underwriter on the reasonableness of the price:
Yuanta Securities issued an opinion stating that Chung Tai's execution of the repurchase within the set price range primarily causes cash outflow, but its impact on financial structure, net value per share, ROE, current ratio, and quick ratio is reasonable. The decision-making process is legal, and no significant abnormalities exist.
18. Other matters stipulated by the SFB: N/A
2. Purpose of share repurchase: To maintain company credit and shareholder equity
3. Type of shares to be repurchased: Common shares
4. Ceiling on total monetary amount of the share repurchase (NTD): 1,427,574,590
5. Scheduled period for the repurchase: From April 20, 2026 to June 19, 2026
6. No. of shares to be repurchased (shares): 1,500,000
7. Repurchase price range (NTD): 65.00 to 95.00. The company will continue to repurchase even if the share price falls below the lower limit.
8. Method for the repurchase: Repurchase from the centralized exchange market
9. Ratio of the shares to be repurchased to total issued shares of the company (%): 1.64
10. Number of the company's own shares held at the time of reporting (shares): 0
11. Status of repurchases within three years prior to reporting:
(1) Actual repurchase period: April 11, 2025 to June 10, 2025. Scheduled repurchase volume: 2,000,000 shares. Actual repurchased volume: 400,000 shares. Execution rate (actual/scheduled %): 20.00
12. Status of repurchases that have been reported but not yet completed:
Explanation for the first reported but incomplete repurchase: To protect shareholder equity and consider market mechanisms, a strategy of purchasing in batches based on stock price changes and trading volume was adopted, hence it was not fully executed.
13. Minutes of the board meeting resolving the share repurchase:
(I). Handled in accordance with Article 28-2, Paragraph 1 of the Securities and Exchange Act and the 'Regulations Governing Share Repurchase by Exchange-Listed and OTC-Listed Companies' issued by the FSC.
(II). The company intends to buy its shares from the securities exchange market, with details as follows:
(1) Purpose: Maintain company credit and shareholder equity; shares will be canceled.
(2) Type: Common shares.
(3) Ceiling on total amount: NTD 142,500,000.
(4) Scheduled period: April 20 to June 19, 2026.
(5) Scheduled volume: 1,500,000 shares.
(6) Price range: NTD 65 to 95 per share.
(7) Method: Repurchase from the centralized market.
(III). Repurchase will continue even if the price falls below the lower limit.
(IV). Authorization is proposed for the Chairman and designated personnel to handle the repurchase at their discretion based on market conditions and report progress at the next board meeting.
(V). The evaluation opinion on the reasonableness of the repurchase price is attached.
14. Transfer methods per Article 10 of the Regulations: N/A
15. Conversion or subscription methods per Article 11 of the Regulations: N/A
16. Board declaration regarding the company's financial status and maintenance of capital:
1. The Board of Directors passed a resolution on April 17, 2026, with over 2/3 attendance and over 1/2 approval, to repurchase 1.5 million shares within two months.
2. The total shares account for only 1.64% of issued shares, and the maximum required funds account for only 26% of current assets in the latest financial statements. We declare the board has considered the financial status and this repurchase does not affect capital maintenance.
3. This declaration was approved by the 8 attending directors.
17. Evaluation opinion by CPA or underwriter on the reasonableness of the price:
Yuanta Securities issued an opinion stating that Chung Tai's execution of the repurchase within the set price range primarily causes cash outflow, but its impact on financial structure, net value per share, ROE, current ratio, and quick ratio is reasonable. The decision-making process is legal, and no significant abnormalities exist.
18. Other matters stipulated by the SFB: N/A