Huang Chang Announces Board Resolution for Share Buyback
On May 19, 2026, the board of directors of Huang Chang General Contractor Co., Ltd. approved a share buyback program to transfer shares to employees. The company plans to repurchase up to 20 million common shares, representing 3.78% of its total issued stock, from the open market between May 20, 2026, and July 19, 2026. The buyback price range is set at NT$35.00 to NT$70.00 per share, with the aim of motivating employees and enhancing company loyalty.
📋 Article Processing Timeline
- 📰 Published: May 19, 2026 at 09:00
- 🔍 Collected: May 20, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 20, 2026 at 11:05 (3h 5m after Collected)
1. Board of Directors resolution date: May 19, 2026
2. Purpose of the share buyback: To transfer shares to employees.
3. Type of shares to be repurchased: Common stock.
4. Maximum total amount for the buyback (NT$): 4,192,993,463
5. Scheduled buyback period: May 20, 2026, to July 19, 2026.
6. Scheduled buyback quantity (shares): 20,000,000
7. Buyback price range (NT$): 35.00-70.00. The company will continue to buy back shares even if the stock price falls below the lower limit of this range.
8. Buyback method: From the centralized securities exchange market.
9. Ratio of scheduled buyback shares to total issued shares (%): 3.78
10. Cumulative number of company shares already held at the time of filing (shares): 0
11. Share buybacks in the past five years:
(1) Actual buyback period: November 14, 2025, to January 13, 2026; Scheduled shares: 10,000,000; Actual shares repurchased: 3,842,000; Execution rate: 38.00%
12. Declared buybacks not yet completed: Not applicable.
13. Board meeting minutes for the resolution: 4th Board Meeting of 2026.
14. Regulations for transfer as per Article 10 of the "Regulations Governing Share Repurchase by Listed and OTC Companies": Huang Chang General Contractor Co., Ltd. 7th Employee Share Transfer Regulations.
Article 1: These regulations are established to motivate employees and enhance their loyalty, in accordance with Article 28-2, Paragraph 1, Item 1 of the Securities and Exchange Act and related rules from the Financial Supervisory Commission.
Article 2: The shares transferred to employees are common stock, with rights and obligations identical to other outstanding common shares, unless otherwise specified.
Article 3: The repurchased shares may be transferred to employees in one or multiple tranches within five years from the buyback date. The Chairman is authorized to determine the payment period and related matters for each transfer.
Article 4: Employees who have completed at least two years of service before the subscription record date or have made special contributions to the company as approved by the Board are eligible.
Article 5: The number of shares an employee can subscribe to is determined based on their position, seniority, and special contributions, considering the total treasury shares held and limits on individual subscription, subject to Board approval.
Article 6: Procedure for transferring repurchased shares to employees:
I. Announce, report, and execute the share buyback within the specified period as per the Board's resolution.
II. The Board will determine and announce the employee subscription record date, subscription standards, payment period, rights, and restrictions.
III. Tally the actual subscribed and paid shares and process the stock transfer registration.
IV. Review process for transferees:
1. Managers: To be discussed by the Remuneration Committee and then resolved by the Board.
2. Non-managers: To be discussed by the Audit Committee and then resolved by the Board.
Article 7: The transfer price will be the average actual buyback price. This price may be adjusted if the number of issued common shares changes before the transfer.
Article 8: Once transferred and registered, the rights and obligations of these shares are identical to existing shares, unless otherwise specified.
Article 9: These regulations are effective upon approval by the Board of Directors; the same applies to amendments.
Article 10: These regulations shall be reported to the shareholders' meeting; the same applies to amendments.
15. Regulations for conversion or subscription as per Article 11 of the governing rules: Not applicable.
16. Board's statement on capital maintenance: The total number of shares to be repurchased accounts for only 3.78% of the company's issued shares, and the maximum required fund is only 15.31% of the company's current assets. The Board has considered the company's financial condition and affirms that this buyback will not affect the company's capital maintenance.
17. Fairness opinion from an accountant or securities firm: President Securities Corporation has assessed that the decision-making process for the buyback price range is lawful and reasonable, and its execution is not expected to have a significant adverse impact on the company's financial status.
18. Other matters specified by the Securities and Futures Bureau: None.
2. Purpose of the share buyback: To transfer shares to employees.
3. Type of shares to be repurchased: Common stock.
4. Maximum total amount for the buyback (NT$): 4,192,993,463
5. Scheduled buyback period: May 20, 2026, to July 19, 2026.
6. Scheduled buyback quantity (shares): 20,000,000
7. Buyback price range (NT$): 35.00-70.00. The company will continue to buy back shares even if the stock price falls below the lower limit of this range.
8. Buyback method: From the centralized securities exchange market.
9. Ratio of scheduled buyback shares to total issued shares (%): 3.78
10. Cumulative number of company shares already held at the time of filing (shares): 0
11. Share buybacks in the past five years:
(1) Actual buyback period: November 14, 2025, to January 13, 2026; Scheduled shares: 10,000,000; Actual shares repurchased: 3,842,000; Execution rate: 38.00%
12. Declared buybacks not yet completed: Not applicable.
13. Board meeting minutes for the resolution: 4th Board Meeting of 2026.
14. Regulations for transfer as per Article 10 of the "Regulations Governing Share Repurchase by Listed and OTC Companies": Huang Chang General Contractor Co., Ltd. 7th Employee Share Transfer Regulations.
Article 1: These regulations are established to motivate employees and enhance their loyalty, in accordance with Article 28-2, Paragraph 1, Item 1 of the Securities and Exchange Act and related rules from the Financial Supervisory Commission.
Article 2: The shares transferred to employees are common stock, with rights and obligations identical to other outstanding common shares, unless otherwise specified.
Article 3: The repurchased shares may be transferred to employees in one or multiple tranches within five years from the buyback date. The Chairman is authorized to determine the payment period and related matters for each transfer.
Article 4: Employees who have completed at least two years of service before the subscription record date or have made special contributions to the company as approved by the Board are eligible.
Article 5: The number of shares an employee can subscribe to is determined based on their position, seniority, and special contributions, considering the total treasury shares held and limits on individual subscription, subject to Board approval.
Article 6: Procedure for transferring repurchased shares to employees:
I. Announce, report, and execute the share buyback within the specified period as per the Board's resolution.
II. The Board will determine and announce the employee subscription record date, subscription standards, payment period, rights, and restrictions.
III. Tally the actual subscribed and paid shares and process the stock transfer registration.
IV. Review process for transferees:
1. Managers: To be discussed by the Remuneration Committee and then resolved by the Board.
2. Non-managers: To be discussed by the Audit Committee and then resolved by the Board.
Article 7: The transfer price will be the average actual buyback price. This price may be adjusted if the number of issued common shares changes before the transfer.
Article 8: Once transferred and registered, the rights and obligations of these shares are identical to existing shares, unless otherwise specified.
Article 9: These regulations are effective upon approval by the Board of Directors; the same applies to amendments.
Article 10: These regulations shall be reported to the shareholders' meeting; the same applies to amendments.
15. Regulations for conversion or subscription as per Article 11 of the governing rules: Not applicable.
16. Board's statement on capital maintenance: The total number of shares to be repurchased accounts for only 3.78% of the company's issued shares, and the maximum required fund is only 15.31% of the company's current assets. The Board has considered the company's financial condition and affirms that this buyback will not affect the company's capital maintenance.
17. Fairness opinion from an accountant or securities firm: President Securities Corporation has assessed that the decision-making process for the buyback price range is lawful and reasonable, and its execution is not expected to have a significant adverse impact on the company's financial status.
18. Other matters specified by the Securities and Futures Bureau: None.