Announcement of the board resolution to
repurchase treasury shares
Date of events
2022/04/11
To which item it meets
paragraph 35
Statement
1.Date of the board of directors resolution:2022/04/11
2.Purpose of the share repurchase:To transfer shares to employees
3.Type of shares to be repurchased:Common shares
4.Ceiling on total monetary amount of share repurchase (NTD):718,126,793
5.Scheduled period for the repurchase:2022/04/12~2022/06/11
6.No.of shares to be repurchased (shares):2,000,000
7.Repurchase price range (NTD):24.4~35.3, repurchase to continue if the share
price is below the minimum price.
8.Method for the repurchase:To repurchase in the open market
9.Shares to be repurchased as a percentage of total
issued shares of the company (%):2.27%
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:None.
12.Status of repurchases that have been reported but
not yet completed:None.
13.Minutes of the board of directors meeting that resolved
for the share repurchase:
The 9th board of directors of the Company passed a resolution in the 28th
meeting to repurchase shares on the Taipei Exchange for a price between 24.4
and 35.3 per share. This repurchase of common shares is subject to a maximum
of NT$718,126,793. The Company expects to repurchase 2,000,000 shares.
14.The Rules for Transfer of Shares set forth in Article
10 of the Regulations Governing Share Repurchase by
TWSE-listed and TPEx-Listed Companies:
Please refer to the Chinese version of the Material Information on
MOPS for more details.
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 TWSE-listed
and TPEx-Listed Companies:None.
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 2.269% of the
Company's shares outstanding, and the maximum amount of repurchase is
only 1.853% of the Company's current assets. The Company hereby declares
that the board of directors has taken into account the Company's financial
situation, 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:
According to the assessment of Securities Underwriter Maga Securities,
the repurchase price range set by the Company is deemed reasonable and
compliant with the applicable regulations. Furthermore, it is deemed to
have no material impact on the Company's financial standing or shareholder
equity in terms of its effects on the financial structure, net asset value
per share, dividend per share, return on equity, quick ratio, current ratio,
and cash flows.
18.Any other matters stipulated by the SFB:None.
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ATE Energy International Co. Ltd. published this content on 11 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 April 2022 14:30:09 UTC.
ATE ENERGY INTERNATIONAL CO. LTD. is a Taiwan-based company principally engaged in the energy engineering related businesses. The Companyâs principal businesses include the provision of technical services related to construction projects, such as the provision of feasibility studies and overall planning services, the project management, engineering design, engineering procurement, equipment manufacturing, engineering construction, factory testing, maintenance, as well as quality assurance services. The Company is also engaged in the manufacturing and sales of storage equipment. The Company mainly operates its businesses in the Philippines.
ATE ENERGY INTERNATIONAL CO., LTD. 
