【Juxing】Board of Directors Resolves to Issue Employee Stock Options for Year 115
Juxing Corporation's board of directors has resolved to issue employee stock options for the year 115, totaling 300,000 units, with each unit exercisable for 10 shares. This initiative aims to incentivize employees and foster shared growth.
📋 Article Processing Timeline
- 📰 Published: April 30, 2026 at 09:00
- 🔍 Collected: May 1, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 1, 2026 at 14:29 (6h 29m after Collected)
1. Board resolution date: 115/04/30
2. Issuance Period: Within two years from the date of the notification of effectiveness from the competent authority, issuance may be made once or in installments as needed, with the actual issuance date to be determined by the Chairman.
3. Eligibility Criteria for Option Holders:
(1) Limited to full-time employees of the company and its domestic and foreign subsidiaries (as defined by the FSC Order Jin Guan Zheng Fa Zi No. 1070121068 dated December 27, 2018) as of the grant eligibility base date (a 'full-time employee' is defined as an employee engaged in work for the number of hours stipulated by the company per month and receiving wages). The grant eligibility base date will be determined by the Chairman.
(2) The specific employees eligible for options and the number of shares they may subscribe to will be determined based on factors such as responsibilities, performance, special contributions, or other management considerations, subject to the Board's approval. For managers or directors with employee status, prior approval from the Compensation Committee is required before submission to the Board. For employees of subsidiaries who are also managers or directors of the company, the same procedure applies, requiring approval from the company's Compensation Committee and resolution by the Board. For other employees of the company or its subsidiaries, approval from the company's Audit Committee is required before submission to the Board.
(3) In accordance with Article 60-9 of the "Rules Governing the Offering and Issuance of Securities by Issuers", the total number of shares that a single option holder may subscribe to, when combined with restricted employee shares acquired by the option holder, shall not exceed three-thousandths (0.3%) of the issued share capital. Furthermore, when combined with employee stock options issued in accordance with Article 56-1 of the same rules, the total number of shares that a single option holder may subscribe to shall not exceed one percent (1%) of the issued share capital. However, with special approval from the central competent authority, the combined total of employee stock options and restricted employee shares granted to a single employee may not be subject to this limit.
4. Total number of employee stock options to be issued: 300,000 units
5. Number of shares per option unit: 10 shares
6. Total number of new shares to be issued due to exercise of options or shares to be repurchased under Article 28-2 of the Securities Transaction Act:
The total number of common shares to be issued due to the exercise of options is 3,000,000 shares.
7. Exercise Price: The exercise price shall be the closing price of the company's common stock on the date of grant.
8. Option Exercise Period:
Option holders may exercise their options according to the following schedule and proportions two years after being granted the employee stock options. The term of the employee stock options is seven years. They are non-transferable, non-pledgeable, non-givable, or disposable in any other manner, except through inheritance. Upon expiration of the term, any unexercised options shall be deemed forfeited, and option holders shall no longer be able to exercise their rights.
Grant Period Proportion of Exercisable Shares
2 years after grant 50%
3 years after grant 100%
9. Type of Shares to be Subscribed: Common shares issued by the company.
10. Handling upon Employee Resignation or Inheritance:
(1) Voluntary Resignation - Exercisable options shall be forfeited immediately upon the effective date of resignation; unexercisable options shall expire on the date of resignation.
(2) Retirement - Exercisable options may be exercised within one month from the effective date of retirement; unexercisable options, unless otherwise approved by the Board on a case-by-case basis, shall expire on the date of retirement.
(3) Death - Exercisable options may be exercised by the heir(s) within one year from the date of death; unexercisable options, unless otherwise approved by the Board on a case-by-case basis, shall expire on the date of death.
(4) In case of disability or death due to occupational hazards -
1. If the employee is unable to continue employment due to disability from occupational hazards, exercisable options may be exercised within one month from the effective date of departure; unexercisable options, unless otherwise approved by the Board on a case-by-case basis, shall expire on the effective date of departure.
2. If the employee dies due to occupational hazards, exercisable options may be exercised by the heir(s) within one year from the date of death; unexercisable options, unless otherwise approved by the Board on a case-by-case basis, shall expire on the date of death.
(5) Dismissal or Termination - Both exercisable and unexercisable options shall expire upon the effective date of termination of the labor contract.
(6) Leave of Absence - For option holders approved for a leave of absence, exercisable options may resume their exercise rights from the date of return to work; unexercisable options will also resume their rights from the date of return to work. However, the exercise timeline shall be postponed by the duration of the leave of absence, within the validity period of the options.
(7) Other reasons not covered above, or adjustments required by relevant laws during the execution of the preceding clauses, shall be determined or adjusted by the Chairman based on the actual circumstances.
(8) If the option holder or their heir(s) fail to exercise their option rights within the specified period, it shall be considered a forfeiture of the option rights.
(9) If the option holder violates the labor contract or work rules after being granted the employee stock options, the company reserves the right to reclaim and cancel any unvested options, and such quotas will not be reissued.
11. Other Option Conditions:
Options forfeited by option holders will be cancelled and not reissued by the company.
2. Issuance Period: Within two years from the date of the notification of effectiveness from the competent authority, issuance may be made once or in installments as needed, with the actual issuance date to be determined by the Chairman.
3. Eligibility Criteria for Option Holders:
(1) Limited to full-time employees of the company and its domestic and foreign subsidiaries (as defined by the FSC Order Jin Guan Zheng Fa Zi No. 1070121068 dated December 27, 2018) as of the grant eligibility base date (a 'full-time employee' is defined as an employee engaged in work for the number of hours stipulated by the company per month and receiving wages). The grant eligibility base date will be determined by the Chairman.
(2) The specific employees eligible for options and the number of shares they may subscribe to will be determined based on factors such as responsibilities, performance, special contributions, or other management considerations, subject to the Board's approval. For managers or directors with employee status, prior approval from the Compensation Committee is required before submission to the Board. For employees of subsidiaries who are also managers or directors of the company, the same procedure applies, requiring approval from the company's Compensation Committee and resolution by the Board. For other employees of the company or its subsidiaries, approval from the company's Audit Committee is required before submission to the Board.
(3) In accordance with Article 60-9 of the "Rules Governing the Offering and Issuance of Securities by Issuers", the total number of shares that a single option holder may subscribe to, when combined with restricted employee shares acquired by the option holder, shall not exceed three-thousandths (0.3%) of the issued share capital. Furthermore, when combined with employee stock options issued in accordance with Article 56-1 of the same rules, the total number of shares that a single option holder may subscribe to shall not exceed one percent (1%) of the issued share capital. However, with special approval from the central competent authority, the combined total of employee stock options and restricted employee shares granted to a single employee may not be subject to this limit.
4. Total number of employee stock options to be issued: 300,000 units
5. Number of shares per option unit: 10 shares
6. Total number of new shares to be issued due to exercise of options or shares to be repurchased under Article 28-2 of the Securities Transaction Act:
The total number of common shares to be issued due to the exercise of options is 3,000,000 shares.
7. Exercise Price: The exercise price shall be the closing price of the company's common stock on the date of grant.
8. Option Exercise Period:
Option holders may exercise their options according to the following schedule and proportions two years after being granted the employee stock options. The term of the employee stock options is seven years. They are non-transferable, non-pledgeable, non-givable, or disposable in any other manner, except through inheritance. Upon expiration of the term, any unexercised options shall be deemed forfeited, and option holders shall no longer be able to exercise their rights.
Grant Period Proportion of Exercisable Shares
2 years after grant 50%
3 years after grant 100%
9. Type of Shares to be Subscribed: Common shares issued by the company.
10. Handling upon Employee Resignation or Inheritance:
(1) Voluntary Resignation - Exercisable options shall be forfeited immediately upon the effective date of resignation; unexercisable options shall expire on the date of resignation.
(2) Retirement - Exercisable options may be exercised within one month from the effective date of retirement; unexercisable options, unless otherwise approved by the Board on a case-by-case basis, shall expire on the date of retirement.
(3) Death - Exercisable options may be exercised by the heir(s) within one year from the date of death; unexercisable options, unless otherwise approved by the Board on a case-by-case basis, shall expire on the date of death.
(4) In case of disability or death due to occupational hazards -
1. If the employee is unable to continue employment due to disability from occupational hazards, exercisable options may be exercised within one month from the effective date of departure; unexercisable options, unless otherwise approved by the Board on a case-by-case basis, shall expire on the effective date of departure.
2. If the employee dies due to occupational hazards, exercisable options may be exercised by the heir(s) within one year from the date of death; unexercisable options, unless otherwise approved by the Board on a case-by-case basis, shall expire on the date of death.
(5) Dismissal or Termination - Both exercisable and unexercisable options shall expire upon the effective date of termination of the labor contract.
(6) Leave of Absence - For option holders approved for a leave of absence, exercisable options may resume their exercise rights from the date of return to work; unexercisable options will also resume their rights from the date of return to work. However, the exercise timeline shall be postponed by the duration of the leave of absence, within the validity period of the options.
(7) Other reasons not covered above, or adjustments required by relevant laws during the execution of the preceding clauses, shall be determined or adjusted by the Chairman based on the actual circumstances.
(8) If the option holder or their heir(s) fail to exercise their option rights within the specified period, it shall be considered a forfeiture of the option rights.
(9) If the option holder violates the labor contract or work rules after being granted the employee stock options, the company reserves the right to reclaim and cancel any unvested options, and such quotas will not be reissued.
11. Other Option Conditions:
Options forfeited by option holders will be cancelled and not reissued by the company.