[Ennoconn] Announcement of Board of Directors' Resolution on Second Treasury Stock Buyback (Correction of Total Buyback Amount Limit)
Ennoconn's board of directors resolved on its second treasury stock buyback intended for employee transfer. The total buyback amount limit is NT$23,038,753,000, and the period is from March 30, 2026, to May 29, 2026, aiming to boost employee morale and retain talent.
📋 Article Processing Timeline
- 📰 Published: March 27, 2026 at 09:00
- 🔍 Collected: April 8, 2026 at 08:00 (287h 0m after Published)
- 🤖 AI Analyzed: April 19, 2026 at 03:38 (259h 38m after Collected)
1. Board of Directors' Resolution Date: 115/03/27
2. Purpose of Share Buyback: Transfer of shares to employees.
3. Type of Shares to be Bought Back: Common Stock.
4. Upper Limit of Total Amount for Share Buyback (in NT$): 23,038,753,000
5. Scheduled Buyback Period: 115/03/30~115/05/29
6. Scheduled Number of Shares to be Bought Back: 1,000,000
7. Buyback Price Range (in NT$): 240.00~320.00. If the company's stock price falls below the lower limit of the range, buybacks will continue.
8. Method of Buyback: Open market buyback.
9. Percentage of Shares to be Bought Back to Total Issued Shares: 0.69%
10. Accumulated Shares Held as of Declaration Date (shares): 0
11. Share Buyback Status in the Past Three Years: No buyback.
12. Status of Buyback Declared but Not Fully Executed: First buyback was planned for 1,500,000 shares, with 1,000,000 shares actually repurchased. Reason for incomplete execution: To effectively utilize funds, it was not fully executed.
13. Meeting Minutes of Board of Directors' Resolution to Buy Back Shares:
Subject: Proposal for the Company to buy back company shares for transfer to employees, for discussion.
Description:
I. In accordance with Article 28-2, Paragraph 1, Item 1 of the "Securities Transaction Act" and the "Regulations Governing Share Buybacks by Listed and OTC Companies"...
II. To boost employee morale, retain excellent talent, and actively cooperate with regulatory policies, the Company plans to repurchase company shares from the open market as a source for transfer to employees...
(I) Purpose of Share Buyback: Transfer of shares to employees.
(II) Type of Shares to be Bought Back: Common Stock.
(III) Upper Limit of Total Shares to be Bought Back: 14,588 thousand shares.
(IV) Upper Limit of Total Amount for Share Buyback (retained earnings + issuance premium + realized capital reserve - resolved dividend distribution): NT$23,038,753,000.
(V) Scheduled Buyback Period and Quantity: The Company plans to repurchase 1,000 thousand shares and will execute this from March 30, 115, to May 29, 115, depending on company fund operations.
(VI) Buyback Price Range: The expected repurchase price per share is NT$240 to NT$320.
However, if the company's stock price falls below the lower limit of the buyback range, share repurchases will continue.
(VII) Method of Buyback: Open market buyback.
III. The total number of company shares to be repurchased in this instance accounts for only 0.69% of the Company's total issued shares, and the upper limit of the amount required for the share buyback accounts for only 0.3% of the Company's current assets as of the Q4 2025 financial report. Assessments have considered the company's financial condition, and a declaration stating no impact on the Company's capital maintenance has been issued. Please refer to the attachment.
IV. KGI Securities has been commissioned to provide an opinion on the reasonableness of the Company's share buyback price. Please refer to the attachment.
V. Ennoconn Company has prepared the "Ennoconn Second Share Buyback for Employee Transfer Regulations." Please refer to the attachment.
VI. If there are any changes or amendments to this share buyback plan due to legal modifications, regulatory requirements, business evaluations, or objective environmental influences, the Board of Directors proposes to authorize the Chairman to handle all related matters.
VII. As required by regulations, an announcement will be made and a filing process will be undertaken with the competent authority after the Board of Directors' approval.
VIII. This matter has been resolved by the Audit Committee and is hereby submitted to the Board of Directors for resolution according to law.
Resolution: The motion was unanimously approved by the attending directors after consultation with the Chairman.
14. Transfer Regulations as Stipulated in Article 10 of "Regulations Governing Share Buybacks by Listed and OTC Companies":
Ennoconn Company Second Share Buyback for Employee Transfer Regulations
Article 1: This Company, in order to incentivize employees and retain excellent talent, and in accordance with Article 28-2, Paragraph 1, Item 1 of the Securities Transaction Act and relevant regulations issued by the Financial Supervisory Commission ("Regulations Governing Share Buybacks by Listed and OTC Companies"), has established these "Employee Share Transfer Regulations." Any repurchase of shares by the Company for transfer to employees shall be handled in accordance with these Regulations, except as otherwise stipulated by relevant laws and regulations.
Article 2: The shares to be transferred to employees in this instance shall be common stock. Their rights and obligations shall be the same as other outstanding common shares, except as otherwise stipulated by relevant laws and these Regulations.
Article 3: The repurchased shares may be transferred to employees, either once or in installments, within five years from the date of repurchase, in accordance with these Regulations.
Article 4: All full-time employees currently employed (limited to full-time employees in the regular establishment of the Company and its subsidiaries) as of the employee subscription base date shall be eligible to subscribe for shares according to the subscription amount stipulated in Article 5 of these Regulations.
Article 5: Based on criteria such as employee rank, years of service, and special contributions to the Company, while also considering the total amount of repurchased shares held by the Company and the upper limit of shares subscribed by a single employee as of the subscription base date, the actual employees eligible for subscription rights and the number of shares they may subscribe for shall be determined. This shall be approved by the Chairman and submitted to the Audit Committee and Board of Directors for approval. However, individuals with management positions or directors who are also employees shall be submitted to the Compensation Committee and Board of Directors for approval.
Article 6: The operational procedures for transferring repurchased shares to employees in this instance shall be:
I. Announce, file, and repurchase company shares within the execution period according to the Board of Directors' resolution.
II. The Board of Directors shall establish and announce the employee subscription base date, number of shares issuable, subscription payment period, rights, and restrictive conditions, etc., in accordance with these Regulations.
III. Calculate the actual number of shares subscribed and paid for, and process the transfer and registration of shares.
Article 7: For the transfer of repurchased shares to employees in this instance, the actual average repurchase price shall be the transfer price. However, if the Company's issued common shares increase or decrease before the transfer, the transfer price may be adjusted proportionally to the increase or decrease in issued shares.
Adjustment Formula for Transfer Price:
Adjusted Transfer Price = Average Repurchase Price of Actual Repurchased Shares X (Total Number of Issued Common Shares at the Time of Repurchase Declaration ÷ Total Number of Issued Common Shares Before Transferring Repurchased Shares to Employees)
The number of issued shares in the above formula refers to the total number of issued common shares minus the number of treasury shares repurchased by the Company but not yet cancelled or transferred.
Article 8: The transfer of repurchased shares to employees and the registration thereof...
2. Purpose of Share Buyback: Transfer of shares to employees.
3. Type of Shares to be Bought Back: Common Stock.
4. Upper Limit of Total Amount for Share Buyback (in NT$): 23,038,753,000
5. Scheduled Buyback Period: 115/03/30~115/05/29
6. Scheduled Number of Shares to be Bought Back: 1,000,000
7. Buyback Price Range (in NT$): 240.00~320.00. If the company's stock price falls below the lower limit of the range, buybacks will continue.
8. Method of Buyback: Open market buyback.
9. Percentage of Shares to be Bought Back to Total Issued Shares: 0.69%
10. Accumulated Shares Held as of Declaration Date (shares): 0
11. Share Buyback Status in the Past Three Years: No buyback.
12. Status of Buyback Declared but Not Fully Executed: First buyback was planned for 1,500,000 shares, with 1,000,000 shares actually repurchased. Reason for incomplete execution: To effectively utilize funds, it was not fully executed.
13. Meeting Minutes of Board of Directors' Resolution to Buy Back Shares:
Subject: Proposal for the Company to buy back company shares for transfer to employees, for discussion.
Description:
I. In accordance with Article 28-2, Paragraph 1, Item 1 of the "Securities Transaction Act" and the "Regulations Governing Share Buybacks by Listed and OTC Companies"...
II. To boost employee morale, retain excellent talent, and actively cooperate with regulatory policies, the Company plans to repurchase company shares from the open market as a source for transfer to employees...
(I) Purpose of Share Buyback: Transfer of shares to employees.
(II) Type of Shares to be Bought Back: Common Stock.
(III) Upper Limit of Total Shares to be Bought Back: 14,588 thousand shares.
(IV) Upper Limit of Total Amount for Share Buyback (retained earnings + issuance premium + realized capital reserve - resolved dividend distribution): NT$23,038,753,000.
(V) Scheduled Buyback Period and Quantity: The Company plans to repurchase 1,000 thousand shares and will execute this from March 30, 115, to May 29, 115, depending on company fund operations.
(VI) Buyback Price Range: The expected repurchase price per share is NT$240 to NT$320.
However, if the company's stock price falls below the lower limit of the buyback range, share repurchases will continue.
(VII) Method of Buyback: Open market buyback.
III. The total number of company shares to be repurchased in this instance accounts for only 0.69% of the Company's total issued shares, and the upper limit of the amount required for the share buyback accounts for only 0.3% of the Company's current assets as of the Q4 2025 financial report. Assessments have considered the company's financial condition, and a declaration stating no impact on the Company's capital maintenance has been issued. Please refer to the attachment.
IV. KGI Securities has been commissioned to provide an opinion on the reasonableness of the Company's share buyback price. Please refer to the attachment.
V. Ennoconn Company has prepared the "Ennoconn Second Share Buyback for Employee Transfer Regulations." Please refer to the attachment.
VI. If there are any changes or amendments to this share buyback plan due to legal modifications, regulatory requirements, business evaluations, or objective environmental influences, the Board of Directors proposes to authorize the Chairman to handle all related matters.
VII. As required by regulations, an announcement will be made and a filing process will be undertaken with the competent authority after the Board of Directors' approval.
VIII. This matter has been resolved by the Audit Committee and is hereby submitted to the Board of Directors for resolution according to law.
Resolution: The motion was unanimously approved by the attending directors after consultation with the Chairman.
14. Transfer Regulations as Stipulated in Article 10 of "Regulations Governing Share Buybacks by Listed and OTC Companies":
Ennoconn Company Second Share Buyback for Employee Transfer Regulations
Article 1: This Company, in order to incentivize employees and retain excellent talent, and in accordance with Article 28-2, Paragraph 1, Item 1 of the Securities Transaction Act and relevant regulations issued by the Financial Supervisory Commission ("Regulations Governing Share Buybacks by Listed and OTC Companies"), has established these "Employee Share Transfer Regulations." Any repurchase of shares by the Company for transfer to employees shall be handled in accordance with these Regulations, except as otherwise stipulated by relevant laws and regulations.
Article 2: The shares to be transferred to employees in this instance shall be common stock. Their rights and obligations shall be the same as other outstanding common shares, except as otherwise stipulated by relevant laws and these Regulations.
Article 3: The repurchased shares may be transferred to employees, either once or in installments, within five years from the date of repurchase, in accordance with these Regulations.
Article 4: All full-time employees currently employed (limited to full-time employees in the regular establishment of the Company and its subsidiaries) as of the employee subscription base date shall be eligible to subscribe for shares according to the subscription amount stipulated in Article 5 of these Regulations.
Article 5: Based on criteria such as employee rank, years of service, and special contributions to the Company, while also considering the total amount of repurchased shares held by the Company and the upper limit of shares subscribed by a single employee as of the subscription base date, the actual employees eligible for subscription rights and the number of shares they may subscribe for shall be determined. This shall be approved by the Chairman and submitted to the Audit Committee and Board of Directors for approval. However, individuals with management positions or directors who are also employees shall be submitted to the Compensation Committee and Board of Directors for approval.
Article 6: The operational procedures for transferring repurchased shares to employees in this instance shall be:
I. Announce, file, and repurchase company shares within the execution period according to the Board of Directors' resolution.
II. The Board of Directors shall establish and announce the employee subscription base date, number of shares issuable, subscription payment period, rights, and restrictive conditions, etc., in accordance with these Regulations.
III. Calculate the actual number of shares subscribed and paid for, and process the transfer and registration of shares.
Article 7: For the transfer of repurchased shares to employees in this instance, the actual average repurchase price shall be the transfer price. However, if the Company's issued common shares increase or decrease before the transfer, the transfer price may be adjusted proportionally to the increase or decrease in issued shares.
Adjustment Formula for Transfer Price:
Adjusted Transfer Price = Average Repurchase Price of Actual Repurchased Shares X (Total Number of Issued Common Shares at the Time of Repurchase Declaration ÷ Total Number of Issued Common Shares Before Transferring Repurchased Shares to Employees)
The number of issued shares in the above formula refers to the total number of issued common shares minus the number of treasury shares repurchased by the Company but not yet cancelled or transferred.
Article 8: The transfer of repurchased shares to employees and the registration thereof...