Formosan Rubber : Announcement of the board of directors resolution to repurchase the twenty-fifth treasury shares.

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Provided by: FORMOSAN RUBBER GROUP INC.
SEQ_NO	2	Date of announcement	2022/07/01	Time of announcement	20:23:12
Subject	Announcement of the board of directors resolution to repurchase the twenty-fifth treasury shares.
Date of events	2022/07/01	To which item it meets	paragraph 35
Statement	1.Date of the board of directors resolution:2022/07/01 2.Purpose of the share repurchase: To protect company reputation and shareholder equity. 3.Type of shares to be repurchased:common share. 4.Ceiling on total monetary amount of the share repurchase (NTD): NTD 7,434,544,907. 5.Scheduled period for the repurchase:2022/07/04~2022/09/02 6.No.of shares to be repurchased (shares):5,000,000 . 7.Repurchase price range (NTD):from NTD 15 to NTD 24. 8.Method for the repurchase:To repurchase in the centralized securities exchange market. 9.Shares to be repurchased as a percentage of total issued shares of the Company (%):1.46 10.Cumulative no.of the Company's own shares held at the time of reporting (shares):0 11.Status of repurchases within three years prior to the time of reporting: Actual buyback period: (1) 2020/03/23-2020/05/22 (2) 2018/11/12-2019/01/11 (3) 2018/09/14-2018/11/09 (4) 2017/12/26-2018/02/23 Number of shares scheduled to be bought back: (1) 20,000,000 shares (2) 10,000,000 shares (3) 10,000,000 shares (4) 10,000,000 shares Actual number of shares bought back: (1) 7,674,000 shares (2) 10,000,000 shares (3) 10,000,000 shares (4) 10,000,000 shares 　Implementation status: (1) 38% (2) 100% (3) 100% (4) 100% 12.Status of repurchases that have been reported but not yet completed: Actual buyback period:2020/03/23-2020/05/22 Number of shares scheduled to be bought back: 20,000,000 shares Actual number of shares bought back: 7,674,000 shares The reason that have been reported but not yet completed : FRG Ltd. (the Company) was depending on the situation of International Securities Finance Environment and domestic securities market to repurchase shares in batches, but the domestic COVID-19 epidemic slowdowned so that stock market rebounded .And the share price of the company has reached the upper limit therefore the company has been reported but not yet completed. 13.Minutes of the board of directors meeting that resolved for the share repurchase:The 21th board of directors of FRG passed a resolution in the 1th interim meeting to repurchase shares on the stock exchange for price range between NTD$15 and $24 per share. This repurchase of common shares is subject to a maximum of NTD 7,434,544,907 FRG expects to repurchase 5,000,000 shares. 14.The Rules for Transfer of Shares set forth in Article 10 of the Regulations Governing Share Repurchase by Exchange-Listed and OTC-Listed Companies:N/A. 15.The Rules for Conversion of Shares or the Rules for Subscription of Shares set forth in Article 11 of the Regulations Governing Share Repurchase by Exchange-Listed and OTC-Listed Companies:N/A. 16.Declaration that the financial status of the Company has been considered by the board of directors, and that its capital maintenance will not be affected:The total numberof shares to be repurchased above is only 1.46% in outstanding shares of FRG, and the maximum amount of repurchase is only 80.28% of current assets of FRG. FRG hereby declares that the board of directors has taken into account financial standing of FRG,and the repurchase above will have no impact on the maintenance of the capital of FRG. 17.Appraisal or opinion by a CPA or securities underwriter about the reasonableness of the share repurchase price: According to the opinion of SinoPac Securities Co., Ltd.,the price range set by the company to repurchase shares of the company this time is legal, and the price range and the impact on the company finance are also reasonable and there is no significant abnormal situation. 18.Other matters stipulated by the SFB: NONE.