Fengxiang-KY Announces Board Resolution to Handle Repurchase and Cancellation of Restricted Employee Shares for Capital Reduction
Fengxiang-KY's board of directors resolved to repurchase and cancel 16,000 restricted employee shares granted in 2024 and 2025 due to employees not meeting vesting conditions, leading to a capital reduction.
📋 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 08:49 (49 min after Collected)
1. Date of Board Resolution: 115/05/05
2. Reason for Capital Reduction: Employees who were allocated restricted employee shares in 2024 and 2025 did not meet vesting conditions due to reasons such as resignation. In accordance with the regulations for issuing restricted employee shares, 16,000 issued restricted employee shares have been repurchased without interest at the employee subscription price.
3. Amount of Capital Reduction: NTD 160,000
4. Number of Shares to be Canceled: 16,000 shares
5. Capital Reduction Ratio: 0.023%
6. Capital after Reduction: NTD 696,987,220
7. Scheduled Date of Shareholder Meeting: Not applicable
8. Estimated Number of Listed Common Shares after Capital Reduction and New Share Listing: Not applicable
9. Ratio of Estimated Number of Listed Common Shares to Issued Common Shares after Capital Reduction and New Share Listing (Number of listed common shares after reduction / Number of issued common shares after reduction): Not applicable
10. For cases where the estimated number of listed common shares after capital reduction in items 8 and 9 is less than 60 million shares and less than 25%, please explain countermeasures for low stock liquidity: Not applicable
11. Capital Reduction Record Date: 115/05/06
12. Other Matters to be Specified: Calculation is based on 69,714,722 shares issued as of March 31, 115.
2. Reason for Capital Reduction: Employees who were allocated restricted employee shares in 2024 and 2025 did not meet vesting conditions due to reasons such as resignation. In accordance with the regulations for issuing restricted employee shares, 16,000 issued restricted employee shares have been repurchased without interest at the employee subscription price.
3. Amount of Capital Reduction: NTD 160,000
4. Number of Shares to be Canceled: 16,000 shares
5. Capital Reduction Ratio: 0.023%
6. Capital after Reduction: NTD 696,987,220
7. Scheduled Date of Shareholder Meeting: Not applicable
8. Estimated Number of Listed Common Shares after Capital Reduction and New Share Listing: Not applicable
9. Ratio of Estimated Number of Listed Common Shares to Issued Common Shares after Capital Reduction and New Share Listing (Number of listed common shares after reduction / Number of issued common shares after reduction): Not applicable
10. For cases where the estimated number of listed common shares after capital reduction in items 8 and 9 is less than 60 million shares and less than 25%, please explain countermeasures for low stock liquidity: Not applicable
11. Capital Reduction Record Date: 115/05/06
12. Other Matters to be Specified: Calculation is based on 69,714,722 shares issued as of March 31, 115.