To announced the Board's resolution to
repurchase Treasury shares
Date of events
2022/05/20
To which item it meets
paragraph 35
Statement
1.Date of the board of directors resolution:2022/05/20
2.Purpose of the share repurchase:To maintain company's credit and
shareholder's equity
3.Type of shares to be repurchased:Commom shares
4.Ceiling on total monetary amount of the share repurchase (NTD):157,301,611
5.Scheduled period for the repurchase:2022/05/23~2022/07/22
6.No.of shares to be repurchased (shares):6,839,157
7.Repurchase price range (NTD):NT$15-NT$23 per share. However,
Hsing Ta will still execute the repurchase should the price
fall below the lower limit.
8.Method for the repurchase:To repurchase shares from Taiwan Stock Exchange
9.Shares to be repurchased as a percentage of total issued shares of the
Company (%):2%
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:NA
13.Minutes of the board of directors meeting that resolved for the share
repurchase:The Board of Directors resolves to repurchase of shares at the
meeting held on May 20, 2022.
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:NA
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 number of shares to be repurchased accounts for 2% of
Hsing Ta's outstanding shares, and the maximum amount for repurchase
program is 2.39% of Hsing Ta's total current assets.
The Board of Directors states that Hsing Ta's financial status had been
considered hereby and Hsing Ta's capital maintenance will not be affected
by the repurchase program.
17.Appraisal or opinion by a CPA or securities underwriter about the
reasonableness of the share repurchase price:The repurchase of common
shares within the stated price range will not have
material impact (other than cash outflow) on the Company's financial
structure, net asset value per share, EPS, current ratio,
quick ratio and annualize return on equity.
Details please refer to PWC Reasonableness of
the price Opinion.
18.Other matters stipulated by the SFB:NA
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Hsing Ta Cement Co. Ltd. published this content on 20 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 May 2022 08:24:09 UTC.
HSING TA CEMENT COMPANY LIMITED is a Taiwan-based company principally engaged in the manufacture and sales of cement and clinker. The products of the Company include Portland cement type I, Portland low alkali cement type I, Portland low alkali cement type II, blended hydraulic cement, limestone and concrete, among others. Its products are applied in the construction of buildings, roads, pipelines, bridges, water dams, ports and concrete engineering, among others. The Company mainly operates businesses in Taiwan and Mainland China.
HSING TA CEMENT CO.,LTD 
