【Huasheng】Our company's board of directors approved the buyback of company shares
Huasheng's board of directors has resolved to buy back company shares for transfer to employees. The buyback period is from May 13 to July 12, 2026, with a maximum of 2 million shares to be repurchased at a price range of NT$24 to NT$48 per share. This initiative aims to enhance employee motivation and cohesion.
📋 Article Processing Timeline
- 📰 Published: May 12, 2026 at 09:00
- 🔍 Collected: May 13, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 13, 2026 at 09:18 (1h 18m after Collected)
1. Date of Board Resolution: 115/05/12 (May 12, 2026)
2. Purpose of Share Buyback: To transfer shares to employees
3. Type of Shares to be Repurchased: Common shares
4. Maximum Total Amount for Share Buyback (NTD): 975,480,688
5. Planned Buyback Period: 115/05/13 ~ 115/07/12 (May 13, 2026 ~ July 12, 2026)
6. Planned Buyback Quantity (shares): 2,000,000
7. Buyback Price Range (NTD): 24.00 ~ 48.00. If the company's stock price falls below the lower limit of the price range, the buyback will continue.
8. Buyback Method: Repurchase from the centralized securities exchange market
9. Ratio of Planned Buyback Shares to Total Issued Shares (%): 2.45
10. Cumulative Number of Company Shares Held at Time of Declaration (shares): 0
11. Status of Company Share Buybacks in the Past Five Years Before Declaration: None
12. Status of Declared But Uncompleted Share Buybacks: Not applicable
13. Minutes of the Board Meeting Regarding Share Buyback Resolution:
Subject: Proposed resolution to execute the buyback of company shares and handle their transfer to employees, submitted for review.
Explanation:
1. To motivate employees and enhance their cohesion, the company plans to execute a share buyback for transfer to employees.
2. The relevant matters for this planned share buyback are set as follows:
(1) Purpose of share buyback: To transfer to employees, to motivate employees and enhance cohesion.
(2) Type of shares to be repurchased: The company's common shares.
(3) Maximum total amount for share buyback: NTD 96,000,000.
(4) Planned buyback period: 115/05/13 ~ 115/07/12 (May 13, 2026 ~ July 12, 2026).
(5) Planned buyback quantity: 2,000,000 shares.
(6) Buyback price range: NTD 24 to NTD 48 per share (The actual buyback price range is limited to 150% of the higher of the average price of the last 10 trading days before the board resolution date and the average price of the last 30 trading days, and 70% of the closing price on the board resolution date). If the company's stock price falls below the lower limit of the price range during the buyback period, the company may continue to buy back shares in accordance with relevant laws and regulations.
(7) Buyback method: Repurchase from the centralized securities exchange market.
(8) To be executed in accordance with the “Regulations for Employee Share Transfer of Repurchased Shares,” please refer to Attachment 4.
3. The company currently has 81,763,948 issued common shares. The shares planned for this buyback account for 2.45% of the currently issued common shares. The budget for this share buyback has considered the company's financial condition and will not affect the maintenance of the company's capital.
4. In accordance with Article 2 of the “Regulations Governing Share Buybacks by Listed and OTC Companies,” please refer to Attachment 5 for the Board of Directors' statement.
5. It is proposed to authorize the Chairman to handle relevant buyback matters.
6. In accordance with Article 28-2, Paragraphs 6 and 8 of the Securities and Exchange Act, shares held by the company's related enterprises as defined in Article 369-1 of the Company Act, or by directors, supervisors, managers, or shareholders holding more than 10% of the total shares, as well as their spouses, minor children, or shares held in the name of others, shall not be sold during the company's buyback period.
7. The resolution and execution of this share buyback will be reported at the most recent shareholders' meeting.
8. This proposal has been reviewed and approved by the Remuneration Committee and the Audit Committee, and is submitted to the Board of Directors for discussion in accordance with the law.
Resolution: Unanimously approved by all attending directors.
14. Regulations for Share Transfer as per Article 10 of the “Regulations Governing Share Buybacks by Listed and OTC Companies”:
Huasheng Technology Co., Ltd.
Regulations for Employee Share Transfer of Repurchased Shares
Article 1: To motivate employees and enhance their cohesion, our company has established these Regulations for Employee Share Transfer of Repurchased Shares in accordance with Article 28-2, Paragraph 1, Subparagraph 1 of the Securities and Exchange Act and the “Regulations Governing Share Buybacks by Listed and OTC Companies” issued by the Financial Supervisory Commission. The transfer of repurchased shares to employees shall be handled in accordance with these Regulations, in addition to relevant laws and regulations.
Article 2: The common shares transferred to employees this time shall have the same rights and obligations as other outstanding common shares, except as otherwise provided by relevant laws and regulations and these Regulations.
Article 3: The shares repurchased this time may be transferred to employees in one lump sum or in installments within five years from the date of repurchase, in accordance with these Regulations.
Article 4: Employees of our company who have been employed for one year or more before the subscription record date and are in job grade 8 (inclusive) or above, or those who have made special contributions to the company and have been approved by the Board of Directors, and employees of domestic or foreign controlling or subordinate companies who meet certain conditions, shall be eligible for subscription in accordance with the subscription quotas specified in Article 5 of these Regulations. “Controlling or subordinate companies” are defined according to the standards of Article 369-2, Article 369-3, Article 369-9 Paragraph 2, and Article 369-11 of the Company Act. Recipients who resign or are on leave without pay between the employee subscription record date and the payment deadline shall lose their subscription eligibility.
Article 5: The number of shares employees can subscribe for shall be determined by the company considering factors such as employee service years, position, performance, overall contribution, special achievements, or other management needs, and must also take into account the total number of repurchased shares held by the company at the subscription record date and the upper limit of shares for a single employee. After setting standards for the eligibility and actual subscription quantity for employees, it shall be reported to the Board of Directors for resolution. However, for subscribers who are managers, the list shall first be submitted to the Remuneration Committee for review before being reported to the Board of Directors for resolution. For those who are not managers, the list shall first be submitted to the Audit Committee for review before being reported to the Board of Directors for resolution. Employees who fail to subscribe and pay by the payment deadline shall be deemed to have waived their rights. Any remaining unsubscribed shares may be offered to other employees by the Board of Directors during the current subscription process or subsequent subscription processes within the transfer period specified in Article 3, and shall be reported to the Audit Committee or Remuneration Committee for review before being reported to the Board of Directors for resolution, depending on the identity of the subscriber. The company's repurchased shares transferred to employees may be restricted from transfer within two years. Other matters concerning the rights and obligations of the company and employees may be agreed upon by the company and employees as needed, provided that they do not violate relevant laws and regulations such as the Securities and Exchange Act and the Company Act.
Article 6: Operating procedures for this share buyback and transfer to employees:
1. In accordance with the Board of Directors' resolution, announce, declare, and buy back within the execution period.
2. Purpose of Share Buyback: To transfer shares to employees
3. Type of Shares to be Repurchased: Common shares
4. Maximum Total Amount for Share Buyback (NTD): 975,480,688
5. Planned Buyback Period: 115/05/13 ~ 115/07/12 (May 13, 2026 ~ July 12, 2026)
6. Planned Buyback Quantity (shares): 2,000,000
7. Buyback Price Range (NTD): 24.00 ~ 48.00. If the company's stock price falls below the lower limit of the price range, the buyback will continue.
8. Buyback Method: Repurchase from the centralized securities exchange market
9. Ratio of Planned Buyback Shares to Total Issued Shares (%): 2.45
10. Cumulative Number of Company Shares Held at Time of Declaration (shares): 0
11. Status of Company Share Buybacks in the Past Five Years Before Declaration: None
12. Status of Declared But Uncompleted Share Buybacks: Not applicable
13. Minutes of the Board Meeting Regarding Share Buyback Resolution:
Subject: Proposed resolution to execute the buyback of company shares and handle their transfer to employees, submitted for review.
Explanation:
1. To motivate employees and enhance their cohesion, the company plans to execute a share buyback for transfer to employees.
2. The relevant matters for this planned share buyback are set as follows:
(1) Purpose of share buyback: To transfer to employees, to motivate employees and enhance cohesion.
(2) Type of shares to be repurchased: The company's common shares.
(3) Maximum total amount for share buyback: NTD 96,000,000.
(4) Planned buyback period: 115/05/13 ~ 115/07/12 (May 13, 2026 ~ July 12, 2026).
(5) Planned buyback quantity: 2,000,000 shares.
(6) Buyback price range: NTD 24 to NTD 48 per share (The actual buyback price range is limited to 150% of the higher of the average price of the last 10 trading days before the board resolution date and the average price of the last 30 trading days, and 70% of the closing price on the board resolution date). If the company's stock price falls below the lower limit of the price range during the buyback period, the company may continue to buy back shares in accordance with relevant laws and regulations.
(7) Buyback method: Repurchase from the centralized securities exchange market.
(8) To be executed in accordance with the “Regulations for Employee Share Transfer of Repurchased Shares,” please refer to Attachment 4.
3. The company currently has 81,763,948 issued common shares. The shares planned for this buyback account for 2.45% of the currently issued common shares. The budget for this share buyback has considered the company's financial condition and will not affect the maintenance of the company's capital.
4. In accordance with Article 2 of the “Regulations Governing Share Buybacks by Listed and OTC Companies,” please refer to Attachment 5 for the Board of Directors' statement.
5. It is proposed to authorize the Chairman to handle relevant buyback matters.
6. In accordance with Article 28-2, Paragraphs 6 and 8 of the Securities and Exchange Act, shares held by the company's related enterprises as defined in Article 369-1 of the Company Act, or by directors, supervisors, managers, or shareholders holding more than 10% of the total shares, as well as their spouses, minor children, or shares held in the name of others, shall not be sold during the company's buyback period.
7. The resolution and execution of this share buyback will be reported at the most recent shareholders' meeting.
8. This proposal has been reviewed and approved by the Remuneration Committee and the Audit Committee, and is submitted to the Board of Directors for discussion in accordance with the law.
Resolution: Unanimously approved by all attending directors.
14. Regulations for Share Transfer as per Article 10 of the “Regulations Governing Share Buybacks by Listed and OTC Companies”:
Huasheng Technology Co., Ltd.
Regulations for Employee Share Transfer of Repurchased Shares
Article 1: To motivate employees and enhance their cohesion, our company has established these Regulations for Employee Share Transfer of Repurchased Shares in accordance with Article 28-2, Paragraph 1, Subparagraph 1 of the Securities and Exchange Act and the “Regulations Governing Share Buybacks by Listed and OTC Companies” issued by the Financial Supervisory Commission. The transfer of repurchased shares to employees shall be handled in accordance with these Regulations, in addition to relevant laws and regulations.
Article 2: The common shares transferred to employees this time shall have the same rights and obligations as other outstanding common shares, except as otherwise provided by relevant laws and regulations and these Regulations.
Article 3: The shares repurchased this time may be transferred to employees in one lump sum or in installments within five years from the date of repurchase, in accordance with these Regulations.
Article 4: Employees of our company who have been employed for one year or more before the subscription record date and are in job grade 8 (inclusive) or above, or those who have made special contributions to the company and have been approved by the Board of Directors, and employees of domestic or foreign controlling or subordinate companies who meet certain conditions, shall be eligible for subscription in accordance with the subscription quotas specified in Article 5 of these Regulations. “Controlling or subordinate companies” are defined according to the standards of Article 369-2, Article 369-3, Article 369-9 Paragraph 2, and Article 369-11 of the Company Act. Recipients who resign or are on leave without pay between the employee subscription record date and the payment deadline shall lose their subscription eligibility.
Article 5: The number of shares employees can subscribe for shall be determined by the company considering factors such as employee service years, position, performance, overall contribution, special achievements, or other management needs, and must also take into account the total number of repurchased shares held by the company at the subscription record date and the upper limit of shares for a single employee. After setting standards for the eligibility and actual subscription quantity for employees, it shall be reported to the Board of Directors for resolution. However, for subscribers who are managers, the list shall first be submitted to the Remuneration Committee for review before being reported to the Board of Directors for resolution. For those who are not managers, the list shall first be submitted to the Audit Committee for review before being reported to the Board of Directors for resolution. Employees who fail to subscribe and pay by the payment deadline shall be deemed to have waived their rights. Any remaining unsubscribed shares may be offered to other employees by the Board of Directors during the current subscription process or subsequent subscription processes within the transfer period specified in Article 3, and shall be reported to the Audit Committee or Remuneration Committee for review before being reported to the Board of Directors for resolution, depending on the identity of the subscriber. The company's repurchased shares transferred to employees may be restricted from transfer within two years. Other matters concerning the rights and obligations of the company and employees may be agreed upon by the company and employees as needed, provided that they do not violate relevant laws and regulations such as the Securities and Exchange Act and the Company Act.
Article 6: Operating procedures for this share buyback and transfer to employees:
1. In accordance with the Board of Directors' resolution, announce, declare, and buy back within the execution period.