LITEON Technology to Increase Proportion of Employees Holding Company Shares

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Press Releases

2021/09/29

LITEON Technology to Increase Proportion of Employees Holding Company Shares

LITEON Technology (2301.TW) today announced 100% completion of its share buybacks, a total of 40,000,000 shares, around 1.7% of the Company’s issued shares, with the repurchase amount of NT$2.43 billion. The shares repurchased will be transferred to employees as part of motivation program. In addition, LITEON will kick off Employee Stock Ownership Trust (ESOT) in October this year. Every Taiwanese Employee is eligible to participate in ESOT, holding LITEON stock in a long-term manner by the fixed amount of self-withdrawal funds and the company's incentives on a regular monthly basis.

“LITEON is recruiting numerous and versatile talents in the fields crossing optics, mechanism, electricity, communication, thermal management, soft/firmware and system integration, to provide advanced added-value to customers. We are also building an open, diverse, inclusive culture and working environment to motivate employees, especially offering sufficient development potential for young generations. LITEON targets to increase the proportion of employees holding company stock by rolling out share buybacks and ESOT two programs this year, with the aim of sharing operation benefits from the company’s growth with employees” said Mr. Anson Chiu, President of LITEON Technology.

LITEON Technology ESOP fund, managed by the dedicated trustee and account, will purchase the Company’s issued shares from Taiwan Stock Exchange Market regularly and hold shares in a long-term manner. It will enhance talent retaining and employee financial wellness programs, aligning the interests of LITEON employees with those of shareholders and the company.

Press Contact:

Julia Wang, Sr. Director of IR/PR +886-2-8798-2888

LITEONtech.IR@liteon.com