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Statement
| 1.Date of occurrence of the event:2022/04/27
2.Company name:Global Brands Manufacture Ltd.
3.Relationship to the Company (please enter "head office" or
"subsidiaries"):head office
4.Reciprocal shareholding ratios:NA
5.Cause of occurrence:Refer to "Treasury Shares Questions and Answers Edition
202203" to amend some of the provisions of the Company's "12th Plan of
Transferring the Repurchased Shares to Employees".
6.Countermeasures:
The before and after amendments are as follows:
Before
Article 4 Employees who are eligible to be the assignee of the repurchased
shares should be employed by the Company before the subscription
date, including full-time employees of the Company and its
subsidiaries. Employees' subscription ratio and number of shares
are determined base on employees' title, salary, years of
service, performance, and their contribution to the Company.
The qualifications of the transferee in the preceding paragraph
and the number of shares that can be subscribed will be decided
in accordance with the relevant laws and regulations at the time
of the transfer, and in consideration of the Company's
operational needs and business development strategies and
guidelines. The human resources department shall formulate
proposals in accordance with the preceding paragraph. Managers
who conform to the Company's Organization Regulations of the
Remuneration Committee shall be submitted to the Remuneration
Committee for discussion and the Board of Directors for
approval. The rest shall be approved by the chairman.
The subsidiary mentioned in the first paragraph refer to a
subsidiary which the company directly or indirectly holds more
than 50% of the subsidiary's voting shares.
Article 5 The transfer procedure of this share repurchase program is
described as follows:
1. The Company publicly announces it is going to repurchase
outstanding shares and will execute within the implemented
period following the Board of Directors' resolution.
2. The related matters such as the employee's stock subscription
base date, the criteria for the number of shares to be
subscribed, the subscription payment period, the content of
rights and other operational matters are proposed by the
Company's human resources department in accordance with the
Company's procedures and shall be approved by the Company's
chairman. If the employees are the Company's managers, shares
allocated to managers should also be approved by the
remuneration committee and the Board of Directors.
3. Employees who do not make payment of shares subscription
within the subscription period are deemed abstention.
It will be the chairman to decide which employee will
subscribe the remaining unsubscribed shares.
4. The Company will complete the related registration based on
the actual number of shares subscribed by employees.
After
Article 4 Employees who are eligible to be the assignee of the repurchased
shares should be employed by the Company before the subscription
date, including full-time employees of the Company and its
subsidiaries. Employees' subscription ratio and number of shares
are determined base on employees' title, salary, years of
service, performance, and their contribution to the Company.
The qualifications of the transferee in the preceding paragraph
and the number of shares that can be subscribed shall be decided
in accordance with the relevant laws and regulations at the time
of the transfer, taking into account the Company's operational
needs and business development strategies and guidelines, and
shall also take into account the total amount of repurchased
shares held by the Company on the subscription base date and a
single employee factors such as the upper limit of the number of
shares to be subscribed, shall be formulated by the human
resources department in accordance with the principles in the
preceding paragraph, and shall be decided by the board of
directors, and shall not be authorized by the chairman of the
board. Employees with manager status in the stock subscription
list shall be submitted to the Remuneration Committee for
discussion and then submitted to the board of directors for
approval; non-manager employees shall be submitted to the Audit
Committee for discussion and then submitted to the board of
directors for approval.
The subsidiary mentioned in the first paragraph refer to a
subsidiary which the company directly or indirectly holds more
than 50% of the subsidiary's voting shares.
Article 5 The transfer procedure of this share repurchase program is
described as follows:
1. The Company publicly announces it is going to repurchase
outstanding shares and will execute within the implemented
period following the Board of Directors' resolution.
2. The board of directors shall determine the employee's stock
subscription base date, the criteria for the number of shares
to be subscribed, the subscription payment period, the
content of rights and restrictions, and other operational
matters in accordance with this Plan.
3. Employees who do not make payment of shares subscription
within the subscription period are deemed abstention. The
remaining unsubscribed shares shall be referred to other
employees for subscription according to Article 4 of this
Plan.
4. The Company will complete the related registration based on
the actual number of shares subscribed by employees.
7.Any other matters that need to be specified:None
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