Board Resolves to Issue Employee Stock Option Warrants
Original: 本公司董事會決議發行員工認股權憑證
Summary
Phison Electronics' Board of Directors has passed a resolution to issue employee stock option warrants (員工認股權憑證), a form of equity-based compensation granting eligible employees the right to purchase company shares at a predetermined price. For investors, this resolution signals potential future share dilution once options are exercised, and reflects the company's intention to retain and incentivize talent through equity participation. Full terms — including the number of warrants, exercise price, vesting schedule, and eligibility criteria — are available on MOPS.
Full Translation
Subject line translation: 'The Company's Board of Directors Has Resolved to Issue Employee Stock Option Warrants.' Under Taiwan's Securities and Exchange Act and relevant TWSE/TPEx listing rules, employee stock option warrants (認股權憑證) entitle designated employees to subscribe to newly issued shares at a fixed strike price within a specified exercise period. Board approval is a required procedural step before the issuance plan is submitted to regulators. The resolution indicates Phison Electronics (8299) is initiating or expanding an equity incentive program, which will result in dilution to existing shareholders upon exercise. Key details such as total warrants authorized, par-value exercise price or pricing formula, vesting conditions, and the class of eligible employees have not been disclosed in the subject line alone. [Body not available — subject line only. See MOPS for full announcement.]