Sitronix Technology : Announce the BOD approved to issue the 2022 1st employee stock option certificates on behalf of Sitronix's major subsidiary,Forcelead Technology Corp.

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Provided by: Sitronix Technology Corp.
SEQ_NO	1	Date of announcement	2022/08/16	Time of announcement	15:35:10
Subject	Announce the BOD approved to issue the 2022 1st employee stock option certificates on behalf of Sitronix's major subsidiary,Forcelead Technology Corp.
Date of events	2022/08/16	To which item it meets	paragraph 11
Statement	1.Date of the board of directors resolution:2022/08/16 2.Issuance period:The employee stock option certificates shall be issued once or several times since the date of approval of the BOD.The actual issuance date is authorized by the chairman of the board of directors. 3.Eligibility criteria for optionees: Only full-time and non-adjunct employee of the Company are eligible for being issued shares, as well as the employees of companies subject to certain conditions of control or subordinate relationship with the Company. The record date of the employee stock options is authorized be determined by the Chairman of the Board, provided that the eligibility and amount of the aforementioned employee stock options are not authorized to be determined by the Chairman of the Board. Whether an individual is granted an option certificate and the number of shares that such individual may receive are to be approved by the Chairman of the Board and then submitted to the Board of Directors for approval, with reference to factors such as levels of position, work performance, overall contribution to the company, special merits, or seniority or other management requirements. 4.Number of total issued units of the employee stock warrants:1,000,000 units. 5.Number of shares each stock warrant unit may subscribe for:1 share. 6.Total number of new shares to be issued due to exercise of options, or the no.of shares for shares buyback as required by Article 28-2 of the Securities and Exchange Act:The total number of new common shares to be issued due to the exercise of the stock options is 1,000,000 shares. 7.Subscription price:The subscription price per share shall be determined by the Board of Director with reference to the net value per share in the latest year listed in the audited financial statements for which the options can be exercised, the Company's operation performance and market conditions, etc., and shall not be less than the par value of the common shares. 8.Period of subscription rights: (I) After the eligible employees are granted stock options, whether to execute the options or not shall be decided by the Board of Directors on the record date and the subscription price of the option in the year of the aforementioned execution. (II) Duration: Where an option has not been exercised by an eligible employee during the year, such option shall be deemed to have been waived. (III) Under the conditions that the duration has expired, or over half of the Company's equity has changed, or the Company's operation has changed hands, and that the employees have not exercised their employee stock options, the said options shall be deemed as having been waived, and the employees shall not claim their rights to the stock options once again. 9.Types of shares which may be subscribed for:Common shares of the Company. 10.Handling method for employee resignation/inheritance: (I) Resignation (including voluntary resignation,layoff,dismissal and discharge): On the date of the resignation, the employees shall be deemed to have waived the stock options and relevant rights, and the Company shall be entitled to bar them from exercising the said stock options, and cancel and take back any stock options and relevant rights. (II) Death: Following the completion of the necessary procedures as required by the law and the provision of relevant supporting documents and files, the heirs of deceased employees shall be able to apply for the exercise of the share options that they shall inherit in accordance with these Regulations.Any application and subscription procedures initiated by the heirs of deceased employees shall not be longer than the duration of the employee stock options and shall continue to comply with these Regulations accordingly.If the duration of the employee stock options expires, or the heirs of deceased employees have violated these Regulations, they will be deemed to have waived the employee stock options and relevant rights.The Company has the right to not allow them to exercise the stock options and to cancel and take back the stock options and relevant rights. (III) For circumstances other than the reasons mentioned above or are of the reasons mentioned above but under exceptional circumstances, the Chairman is authorized to consider the circumstances on a case-by-case basis. 11.Other criteria for subscription: (I)The rights attaching to the options may not be transferred, pledged, assigned as a gift or otherwise disposed by the optionee, except by inheritance. (II) IF the optionee breach the regulations , employment contracts, work rules, confidentiality obligations or other regulations , And they don't comply with these regulations, the Company has the right to not allow them to exercise the stock options and to cancel and take back the stock options and relevant rights. (III)In the case of any waiver or deemed to have waived an option, or occurrence of an event where the Company does not allow the option holders or their heirs to exercise the right of stock options under the Regulations, the Company will cancel and take back the options and relevant rights and will discontinue such issuance accordingly. 12.Method for performance of contract: The Company shall deliver by way of issuing new shares. 13.Adjustment of subscription price:Not applicable. 14.Procedures for exercising options: (I) Except for the periods of suspension or stock options and stock transfer as required by law or by the regulations of the Company, the option holders may exercise their rights of stock options in accordance with the Regulations and submit an application form for stock options to the Company. (II) Upon receipt of the exercise notice, the Company shall inform the option holders of the amount of the payment for exercising the options that shall be deposited in a designated bank. Once the option holders have made the payment,they shall not revoke the subscription payment. (III) The Company shall record the names of the employees and the number of shares subscribed for by them on the list of shareholders of the Company upon confirmation of the full amount of the payment received, and carry out relevant subsequent matters and operational procedures as required (e.g., capital changes,attestation of share certificates, share issuance/depository, etc.). 15.Rights and obligations after exercising options: The rights and obligations of of issuing new shares which delivered by the Company after exercising stock options are the same as those of the Company's common shares.The tax incurred from the subscription of shares and relevant transactions by the option under the Regulations shall be handled pursuant to relevant tax laws and regulations stipulated by the competent authority. 16.Record date for any additional share exchange, stock swap, or subscription: Not applicable. 17.Possible dilution of equity in case of any additional share exchange, stock swap, or subscription:Not applicable. 18.Other important terms and conditions: (I) Confidentiality: Option holders shall comply with the confidentiality requirements of the Company and, unless required by law or the competent authority, shall not disclose the relevant contents and quantity of the stock options granted and shall not inquire about the information of the options granted to any other person. (II) Implementing details: The Company shall otherwise notify eligible employees regarding relevant procedures and schedule in respect of stock options and the number of options granted, exercise of options, payment for shares and conversion of shares. The option holders should fully cooperate to complete the procedure. Relevant matters and operating procedures will be notified to the option holders and handled separately by the Company, and the option holders shall fully cooperate to complete them. (III) These Regulations and any amendments thereafter shall become effective upon the approval of the Board of Directors. If there are some incomplete matters, all procedures shall be handled in accordance with relevant laws and regulations. 19.Any other matters that need to be specified:None.