The Board resolution of issuance of new
restricted employee shares.
Date of events
2022/03/17
To which item it meets
paragraph 11
Statement
1.Resolution date of the board of directors:2022/03/17
2.Expected issue price:NTD 0
3.Expected total amount (shares) of issuance:1,200,000
4.Vesting conditions:
(1).From reference date, the performance grade be assessed above C and
still be employed before scheduled distributing date.
(2). Employee who havevnever violate the law, employee ethic code,
non-disclosur agreement, and other internal rule
5.Measures to be taken when employees fail to meet the vesting
conditions or in the event of inheritance:
(1) If employee fail to meet the vesting condition, the company will
withdraw and retire the share with free of charge.
(2) if employee died befoer meet vesting condition, the company will
withdraw and retire the share with free of charge, unless company agree
to distribute.
6.Other issuance criteria: No
7.Qualification criteria for employees:
(1) Employee who has to be employed before or on the issuance date
(2) The amount of share distributed to employee is based on employed
period, rank, performance, contribution, other achievement or other
management consideratioin, and regulation limit.
8.The reason the current issuance of RSA is necessary:To motivate
employees and retain talents.
9.Calculated expense amount:
market value assessed as NTD30.85 per share. the possible expense
which measured on fair value is NTD37,020 thousands
10.Dilution of the Company's earnings per share (EPS):
The expanse allocated to 2022, 2023,and 2024 which will effect
EPS will be NTD0.17, NTD0.12, and NTD0.06.By considering that company's
revenue forecast showing growing trend, the dilution of company's EPS
will be limited and there should be no significant impact to the
existing shareholder.
11.Other matters affecting shareholder's equity:no
12.Restrictions before employees meet the vesting conditions
once the RSA are received or subscribed for:
(1) The restricted employee shares will kept by trustee and cannot be
sold, pledge, transfer, donate to others, creat any right in rem, or
disposal in other way before employee meet the vesting condistion.
(2)The voting rights at the shareholders' meeting will be handed over
to the custodian for execution in accordance with the relevant laws
and regulations.
(3)Except for the restrictions stipulated in the issuance prospectus,
the rights and obligations of the restricted new employee share are
the same as common shares issued by company before employee meet the
vesting condition. The stock dividand which employee got through the
restricted new employee share will
also be kept by custodian, the custody period is the same as restricted
new employee shares kept by custodian.
13.Other important terms and conditions (including stock trust
custody, etc.):
New restricted employee share issued by the company will be kept by
custodian
14.Any other matters that need to be specified:
If there are any other matters occur regarding this case, except for
the condition which stipulated by the law or regulations, the board of
directors or its authorized persons will be fully authorized to amend
or implement the issuance prospectus according to the relevant laws
and regulations.
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Tai-Saw Technology Co. Ltd. published this content on 17 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 March 2022 11:20:01 UTC.
TAI-SAW TECHNOLOGY CO.,LTD. is a Taiwan-based company principally engaged in the research, development, design, manufacture and sales of wired and radio communication components and system equipment. The Company's main products include frequency components and others. The Company is also involved in the research, development, manufacture and sales of computer hardware and peripheral equipment components, as well as the manufacture and packaging of integrated circuits. The Company's products are mainly used in mobile phones, data communications, wireless remote controls, game consoles, anti-theft devices, wireless local area networks, global positioning systems (GPSs), medical passport systems and digital broadcasting. The Company distributes its products in domestic market and to overseas markets.
TAI-SAW TECHNOLOGY CO.,LTD. 
