[Nankang] Announcement on the Board Resolution for the 21st Share Buyback (2.2 Million Shares)
Nankang Tire has resolved to conduct its 21st share buyback, targeting up to 2.2 million shares for transfer to employees. The program runs from May 19 to July 18, 115, within a price range of 27.00 to 45.00 NTD. The company has declared that the buyback will not affect its capital maintenance.
📋 Article Processing Timeline
- 📰 Published: May 19, 2026 at 09:00
- 🔍 Collected: May 20, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 20, 2026 at 08:32 (32 min after Collected)
1. Board resolution date: 115/05/19
2. Purpose: To transfer shares to employees
3. Type of shares: Common stock
4. Maximum total amount for buyback: 4,007,924,379 NTD
5. Scheduled buyback period: 115/05/19–115/07/18
6. Scheduled quantity: 2,200,000 shares
7. Price range: 27.00–45.00 NTD; the company will continue to buy back if the market price is below the range
8. Method: Repurchase from the centralized trading market
9. Percentage of total outstanding shares: 0.30%
10. Cumulative shares already held: 108,656,595 shares
11. Historical buybacks in the last 5 years: Multiple buybacks conducted, mostly achieving 100% execution rates
12. Status of pending buybacks: Various execution rates noted for previous cycles
13. Board minutes: Approved on 115.5.19
14. Transfer rules: Shares to be transferred to employees within 5 years
15. Conversion/Subscription rules: Not applicable
16. Statement on capital maintenance: The board confirms the buyback does not affect capital maintenance
17. Expert opinion: The accountant considers the price range reasonable compared to recent market prices
18. Other: None.
2. Purpose: To transfer shares to employees
3. Type of shares: Common stock
4. Maximum total amount for buyback: 4,007,924,379 NTD
5. Scheduled buyback period: 115/05/19–115/07/18
6. Scheduled quantity: 2,200,000 shares
7. Price range: 27.00–45.00 NTD; the company will continue to buy back if the market price is below the range
8. Method: Repurchase from the centralized trading market
9. Percentage of total outstanding shares: 0.30%
10. Cumulative shares already held: 108,656,595 shares
11. Historical buybacks in the last 5 years: Multiple buybacks conducted, mostly achieving 100% execution rates
12. Status of pending buybacks: Various execution rates noted for previous cycles
13. Board minutes: Approved on 115.5.19
14. Transfer rules: Shares to be transferred to employees within 5 years
15. Conversion/Subscription rules: Not applicable
16. Statement on capital maintenance: The board confirms the buyback does not affect capital maintenance
17. Expert opinion: The accountant considers the price range reasonable compared to recent market prices
18. Other: None.
FAQ
What is the purpose of Nankang Tire's current buyback?
The shares are being repurchased to provide equity incentives to employees.
When does the buyback period end?
The buyback program will conclude on July 18, 115.
What is Nankang Tire's track record with buybacks?
The company has conducted multiple buybacks over the past five years, often achieving a 100% execution rate.