Last checked at 1 Jun 2022 12:37
Subject:Announcement on behalf of the subsidiary, Foxconn Industrial Internet Co., Ltd. of the BOD's resolution of Employee Stock Ownership Plan (ESOP)
Contents:
1.Date of occurrence of the event:2022/06/01
2.Company name:Foxconn Industrial Internet Co., Ltd.
3.Relationship to the Company (please enter "head office" or "subsidiaries"):subsidiaries
4.Reciprocal shareholding ratios:84.08%
5.Cause of occurrence:
The subsidiary, Foxconn Industrial Internet Co., Ltd. issues the ESOP to the directors (excluding independent directors), supervisors, senior manager and the core technical/business personnel of the company and its subsidiaries. The total number of participants in the ESOP shall not exceed
12000. The shares are obtained through the repurchase, secondary market purchase and other ways permitted by laws and regulations. The repurchase amount shall not exceed RMB 1.5 billion, and the amount obtained through secondary market purchase and other ways permitted by laws and regulations shall not exceed RMB 500 million. The share reserved shall not exceed 20% and shall be implemented within 36 months after the approval of the general meeting of shareholders. The duration of the ESOP is 84 months. The ESOP will be unlocked in 4 phases, i.e. 12 months, 24 months, 36 months and 48 months. The unlocking proportions of each phase are 16.7%, 33.4%, 33.3% and 16.6% respectively.
6.Countermeasures:
The vesting conditions is based on the performance of the company and employees ( B or above). If the company failed to meet the requirements, the corresponding shares shall not be unlocked. If an employee does not meet the vesting requirements, he/she will not be vested and .the shares will be take bake by the board of management. The expenditure that may arise from the ESOP shall be borne by the ESOP and the employees.
7.Any other matters that need to be specified:
7.1 The ESOP is subject to review by a board of shareholders. The board of directors shall be authorized by the shareholders' meeting for subsequent changes of the ESOP.
7.2 In order to protect investors' right in Taiwan and Shanghai, the date of this public announcement is consistent with Shanghai Stock Exchange.