重大公告
重大公告
Board adoption of the regulations governing the issuance and subscription of employee stock warrants
1. Date of event occurrence: 07/28/2017
2. Original application date: 06/27/2017
3. Summary of the original announcement: The 2017 Regulations Governing the Issuance and Subscription of Employee stock warrants was approved at the board meeting on June 27, 2017.
4. Reasons and main contents of change: Revision of paragraph 2 of Article 5 and paragraph 2 of Article 11 of the 2017 Regulations Governing the Issuance and Subscription of Employee stock warrants according to related laws and regulations and at the request of competent authorities and adoption at the board meeting on July 28, 2017.
Provision before revision:
V. Requirements for stock subscription
(II) Duration of rights:
3.This Company is entitled to retrieve and annul the unexercised stock warrants or exercised but unsubscribed stock warrants when employees violate the labor contract, employment contract, or work rules constituting gross negligence at work after the award.
XI. Confidentiality and disposal restrictions
(II) Apart from retrieving and annulling the unexercised stock warrants or exercised but unsubscribed stock warrants, this Company may request the employee violating the labor contract, employment contract, or work rules constituting gross negligence at work after the award to compensate for the whole profit earned from subscribing stocks with the warrants awarded within two years from the date of determination of gross negligence. The compensation will be calculated at: (market price on the date of violation – stock subscription price) x number of shares.
Provision before revision:
V. Requirements for stock subscription
(II) Duration of rights:
3. This Company is entitled to retrieve and annul the unexercised stock warrants or exercised but unsubscribed stock warrants when employees violate the labor contract, employment contract, work rules or internal regulations constituting gross negligence at work after the award.
XI. Confidentiality and disposal restrictions
(II) Apart from retrieving and annulling the unexercised stock warrants or exercised but unsubscribed stock warrants, this Company may request the employee violating the labor contract, employment contract, work rules or internal regulations constituting gross negligence at work after the award to compensate for the whole profit earned from subscribing the stock warrants awarded within two years from the date of determination of gross negligence. The compensation will be calculated at: (market price on the date of violation – stock subscription price) x number of shares.
5. Influence on the company’s financial performance after revisions: No.
6. Other information to disclose: No.