[Yangji Engineering] Announcement of the Board's Approval of Amendments to Certain Provisions of the "Regulations for Transferring Repurchased Shares to Employees"
Yangji Engineering Co., Ltd. announced that its board of directors approved amendments to certain provisions of the "Regulations for Transferring Repurchased Shares to Employees" on May 5, 2026. This change modifies the method for calculating the transfer price of treasury shares to employees, potentially strengthening employee incentives.
📋 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 08:23 (23 min after Collected)
1. Date of occurrence of the fact: 2026/05/05
2. Company name: Yangji Engineering Co., Ltd.
3. Relationship with the company (please enter "the company" or "subsidiary"): The company
4. Mutual shareholding ratio: Not applicable
5. Reason for occurrence: The company's board of directors approved amendments to certain provisions of the "Regulations for Transferring Repurchased Shares to Employees"
6. Countermeasures: Not applicable
7. Other matters to be specified (if the subject of the event or resolution is a public offering or higher company, this material information also complies with Article 7, Paragraph 9 of the Enforcement Rules of the Securities and Exchange Act regarding matters that have a significant impact on shareholders' equity or securities prices): A comparison table of the "Regulations for Transferring Repurchased Shares to Employees" before and after the revision is as follows:
Article before revision:
Article 7
Agreed transfer price per share
The transfer price for shares repurchased and transferred to employees this time shall be the average price of the actual repurchase (calculated to New Taiwan Dollars, fractions below which are rounded down). However, if there is an increase or decrease in the company's issued common shares before the transfer, it may be adjusted according to the ratio of increase or decrease in issued shares. If shares are transferred to employees at a price lower than the actual average repurchase price, it shall be handled only after a resolution passed by more than two-thirds of the voting rights of shareholders attending the most recent shareholders' meeting, with the attendance of shareholders representing more than half of the total issued shares, and the matters stipulated in Article 10-1 of the "Regulations for Companies Listed on the Stock Exchange to Repurchase Their Own Shares" shall be listed and explained in the convocation notice for that shareholders' meeting.
Article after revision:
Article 7
Agreed transfer price per share
The transfer price for shares repurchased and transferred to employees this time shall be 50% of the stock price after the simple arithmetic average of the closing prices of common shares on the three business days preceding the employee subscription record date (calculated to New Taiwan Dollars, fractions below which are rounded down). If 50% of the stock price after the simple arithmetic average of the closing prices of common shares on the three business days preceding the employee subscription record date is lower than the original actual average repurchase price, then the original actual average repurchase price shall be the transfer price. However, if there is an increase in the company's issued shares before the transfer, it may be adjusted according to the ratio of increase in issued shares.
2. Company name: Yangji Engineering Co., Ltd.
3. Relationship with the company (please enter "the company" or "subsidiary"): The company
4. Mutual shareholding ratio: Not applicable
5. Reason for occurrence: The company's board of directors approved amendments to certain provisions of the "Regulations for Transferring Repurchased Shares to Employees"
6. Countermeasures: Not applicable
7. Other matters to be specified (if the subject of the event or resolution is a public offering or higher company, this material information also complies with Article 7, Paragraph 9 of the Enforcement Rules of the Securities and Exchange Act regarding matters that have a significant impact on shareholders' equity or securities prices): A comparison table of the "Regulations for Transferring Repurchased Shares to Employees" before and after the revision is as follows:
Article before revision:
Article 7
Agreed transfer price per share
The transfer price for shares repurchased and transferred to employees this time shall be the average price of the actual repurchase (calculated to New Taiwan Dollars, fractions below which are rounded down). However, if there is an increase or decrease in the company's issued common shares before the transfer, it may be adjusted according to the ratio of increase or decrease in issued shares. If shares are transferred to employees at a price lower than the actual average repurchase price, it shall be handled only after a resolution passed by more than two-thirds of the voting rights of shareholders attending the most recent shareholders' meeting, with the attendance of shareholders representing more than half of the total issued shares, and the matters stipulated in Article 10-1 of the "Regulations for Companies Listed on the Stock Exchange to Repurchase Their Own Shares" shall be listed and explained in the convocation notice for that shareholders' meeting.
Article after revision:
Article 7
Agreed transfer price per share
The transfer price for shares repurchased and transferred to employees this time shall be 50% of the stock price after the simple arithmetic average of the closing prices of common shares on the three business days preceding the employee subscription record date (calculated to New Taiwan Dollars, fractions below which are rounded down). If 50% of the stock price after the simple arithmetic average of the closing prices of common shares on the three business days preceding the employee subscription record date is lower than the original actual average repurchase price, then the original actual average repurchase price shall be the transfer price. However, if there is an increase in the company's issued shares before the transfer, it may be adjusted according to the ratio of increase in issued shares.