[Long Chen] Announcement of the Board's Resolution for the 29th Share Buyback
Long Chen Paper (1909) announced on May 28, 115, that its board of directors has approved the 29th share buyback program. The company plans to repurchase up to 10 million common shares from the open market between May 28 and July 27, with the purpose of transferring them to employees as an incentive.
📋 Article Processing Timeline
- 📰 Published: May 28, 2026 at 09:00
- 🔍 Collected: May 29, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 31, 2026 at 18:47 (58h 47m after Collected)
1. Date of Board Resolution: 115/05/28
2. Purpose: Transfer of shares to employees
3. Type of shares: Common stock
4. Maximum total amount: 6,673,748,649 TWD
5. Expected period: 115/05/28 to 115/07/27
6. Expected number of shares: 10,000,000 shares
7. Price range: 6.23 to 10.00 TWD. If the market price is below the lower limit, the company will continue to buy back.
8. Method: Open market purchase
9. Percentage of total issued shares: 0.75%
10. Accumulated shares held: 36,299,000 shares
11. Past 5-year history: Seven previous buyback programs listed.
12. Explanation for unexecuted portions: Strategic phased buybacks to maintain market stability and shareholder interests.
13. Minutes: 17th Term, 2nd Extraordinary Board Meeting on 115/05/28.
14. Transfer regulations: Established to incentivize employees under the Securities and Exchange Act.
15. Conversion/Subscription: Not applicable.
16. Financial statement: The board confirms that the buyback will not affect the company's capital maintenance.
17. Auditor's opinion: The price range is reasonable and has no material impact on financial structure.
18. Other: None.
2. Purpose: Transfer of shares to employees
3. Type of shares: Common stock
4. Maximum total amount: 6,673,748,649 TWD
5. Expected period: 115/05/28 to 115/07/27
6. Expected number of shares: 10,000,000 shares
7. Price range: 6.23 to 10.00 TWD. If the market price is below the lower limit, the company will continue to buy back.
8. Method: Open market purchase
9. Percentage of total issued shares: 0.75%
10. Accumulated shares held: 36,299,000 shares
11. Past 5-year history: Seven previous buyback programs listed.
12. Explanation for unexecuted portions: Strategic phased buybacks to maintain market stability and shareholder interests.
13. Minutes: 17th Term, 2nd Extraordinary Board Meeting on 115/05/28.
14. Transfer regulations: Established to incentivize employees under the Securities and Exchange Act.
15. Conversion/Subscription: Not applicable.
16. Financial statement: The board confirms that the buyback will not affect the company's capital maintenance.
17. Auditor's opinion: The price range is reasonable and has no material impact on financial structure.
18. Other: None.
FAQ
Is this a stock price support measure?
While the primary purpose is for employee incentives, it may provide support to the stock price if the market price falls within the specified range.