Supreme Electronics : Announcement of share buyback for transfer to employees.

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Provided by: Supreme Electronics Co., Ltd.
SEQ_NO	4	Date of announcement	2022/07/20	Time of announcement	16:49:53
Subject	Announcement of share buyback for transfer to employees.
Date of events	2022/07/20	To which item it meets	paragraph 35
Statement	1.Date of the board of directors resolution:2022/07/20 2.Purpose of the share repurchase:transfer to employees 3.Type of shares to be repurchased:ordinary shares 4.Ceiling on total monetary amount of the share repurchase (NTD):NT$7,145,177 thousands. 5.Scheduled period for the repurchase:2022/07/21~2022/09/20 6.No.of shares to be repurchased (shares):3,000,000 shares 7.Repurchase price range (NTD):NT$30 per share to NT$45 per share. 8.Method for the repurchase:to buy the shares from TWSE market 9.Shares to be repurchased as a percentage of total issued shares of the Company (%):0.65% 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:NA 12.Status of repurchases that have been reported but not yet completed: 1st Status of repurchases-Actual repurchase volume (shares):2,636,000 2ed Status of repurchases-Actual repurchase volume (shares):2,189,000 8th Status of repurchases-Actual repurchase volume (shares):5,401,000 14th Status of repurchases-Actual repurchase volume (shares):9,793,000 17th Status of repurchases-Actual repurchase volume (shares):3,434,000 18th Status of repurchases-Actual repurchase volume (shares):3,046,000 Reasons for non-completion: The stock price gradually stabilizes during the buyback period. 13.Minutes of the board of directors meeting that resolved for the share repurchase:In order to stimulate employee morale, the company intends to authorize the chairman to repurchase 3,000,000 ordinary shares. The company between the lower limit of NT $30 per share and the upper limit of NT $45 per share from July 21, 2022 to September 20, 2022 (when the company's share price is lower than the lower limit of the specified repurchase range, the repurchase will continue to be carried out) 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: Article 1 For the purpose of encouraging our employees and to build cohesion among the employees, the Company hereby, pursuant to Article 28-2, Paragraph 1, Subparagraph 1 of the "Securities and Exchange Act" and the "Regulations Governing Share Repurchase by Exchange-Listed and OTC-Listed Companies" issued by Financial Supervisory Commission R.O.C.(Securities and Futures Bureau), establishes the "Plan of Share Repurchase and Transferring to the Employees".Except otherwise provided in relevant laws or regulations, all share repurchase and transferring to the employees of the Company shall be implemented in compliance with the Plan. Article 2 The shares to be transferred to the employees are ordinary shares. Except as otherwise provided in relevant laws or regulations or in the Plan, the rights and obligations embedded thereon are the same with other ordinary shares of the Company. Article 3 The repurchased shares can be transferred to employees in one time or several times, such subscription day(s) shall be set within 5 years from the date of share-repurchase. And capital reduction registratio for cancellation of shares repurchased but not been transferred. Article 4 The transfer is limited to employees of the Company and subsidiaries. Employees who have joined the Company and subsidiaries for one year or more before the record date of subscription, or made special contribution to the Company and whose subscription is approved by the Board of Directors are eligible for subscribing in accordance with Article 5 of the Plan. Article 5 The Board of Directors shall decide the qualifications and the acutal number of shares to be subscribed by considering certain factors, such as the employees' level, seniority or special contribution to the Company, together with the number of treasury shares held by the Company as of the record date of subscription and the maximum number of shares that can be subscribed by an individual employee, etc. The procedure is as follows: (1.)Managerial officers in the list of subscribers shall first be submitted to the Remuneration Committee for deliberation and then submitted it to the Board of Directors for resolution. (2.)Who are not managerial officers shall first be submitted it to the Audit Committee for deliberation and then submitted it to the Board of Directors for resolution. Article 6 The transfer procedure of the share repurchase plan is described as follows: (1.)In accordance with the resolution of the Board of Directors, announce, declare and repurchase the shares of the company within the execution period. (2.)The Board of Directors set and announce the employees' subscription date, the standards for numbers of shares to which employees may subscribe, the period for payment or subscriptions, rights, and limitations, etc. (3.)To calculate the actual share subscription with payment received, and transfer the shares accordingly. Article 7 The transfer price of the repurchase shares shall be the average price of the actual repurchase(up to the NT$ corner, rounded below the corner). If the number of the Company's issued and outstanding ordinary shares increases prior to the transfer, the transfer price shall be adjusted proportionately. Article 8 After the repurchased shares are being transferred and registered under employees' names, unless otherwise specified, the rights and obligations associated with the shares are the same as the original associated with the common shares. Article 9 The Plan shall take affect after being affirmatively resolved by the Board of Directors and may be amended by a resolution of the Board of Directors. Article 10 The Plan and subsequent amendments shall be reported to the Sharesholder Meeting. Article 11 Establishment date: These Measures were approved by the Board of Directors on July 20, 2022. 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:NA 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 number of shares to be repurchased above is only 0.65% of the Company's shares outstanding, and the maximum amount of repurchase is only 0.25% of the Company's current assets. The Company hereby declares that the Board of Directors has taken into account the Company's financial standing, and the repurchase above will have no impact on the maintenance of the Company's capital. 17.Appraisal or opinion by a CPA or securities underwriter about the reasonableness of the share repurchase price:The repurchase price range set by the Company is deemed reasonable. Furthermore, the number of shares to be repurchased and repurchase price range are deemed to have no material impact on the Company's financial structure, debt-paying ability and profitability. 18.Other matters stipulated by the SFB:None.