Material Information (8299 Phison)
SEQ_NO  2 Date of announcement  2021/11/05 Time of announcement  14:32:16
Subject
 Announcement that Phison's board of directors has
resolved to amend part of the "Measures for Issuance
and Subscription of Employee Stock Options for 2021
Date of events   2021/11/05 To which item it meets paragraph 11
Statement
 
1.Date of occurrence of the event:2021/11/05
2.Date of the original announcement and reporting:2021/09/22
3.Summary of the content originally announced and reported:
On September 22, 2021, the board of directors of Phison passed and
announced the Measures for the Issuance and Subscription of Employee
Stock Option Certificates for 2021. The provisions of Article 13 (1) and
(3) of the adjustment of the subscription price of the originally approved
 and announced method are as follows :
(1) After the Options are granted, except the issuance of Shares upon the
conversion of the securities which is convertible to Shares or issued along
 with Shares subscription warrants, or issued as employees bonus, if there
is any change to the number of the Shares (including the issuance of new
shares for cash, capitalization of retained earnings, capitalization of
capital surplus, merger, acceptance of new shares  issued by other
companies, share split and the issuance of new shares for issuing overseas
 depositary receipts, etc.), the exercise price of each Option shall be
adjusted in accordance with the following formula (the adjusted exercise
 price shall be rounded up to the nearest tenth of one New Taiwan Dollar):
Adjusted exercise price = Exercise price prior to adjustment x [total
number of issued Shares + (paid purchase price per Share x total number of
 newly issued Shares)  market price per Share] /
(total number of issued Shares + total number of newly issued Shares)
K(Omission)
(3) After the Options are granted, the exercise price of each Option shall
 be subject to adjustment in accordance with the following formula
(the adjusted exercise price shall be rounded up to the nearest tenth of
one New Taiwan Dollar) in case of the Companys capital reduction not
caused by the cancellation of treasure shares of the Company:
(3.1) Capital Reduction to Wipe off the Accumulated Losses
Adjusted exercise price = Exercise price prior to adjustment 
(total number of issued Shares before capital reduction (Note) /
total number of issued Shares after capital reduction)
(3.2) Cash Capital Reduction
Adjusted exercise price = (Exercise price prior to adjustmentV
cash refund per share) 
(total number of issued Shares before capital reduction (Note) /
total number of issued Shares after capital reduction)
Note: The number of issued common shares includes the total number of
issued common shares and private equity shares, and deducts the number of
common shares of treasury shares that the company has bought back but has
not yet been cancelled or transferred.
4.Reason for change and its main content:
In the process of reviewing this issuance case by the competent authority,
the competent authority requested the company to cooperate with the
 Self-regulatory rules for underwriter members of the Republic of China
Securities and Commercial Association to counsel issuing companies to raise
 and issue securities  to revise the provisions (1) and (3) of the
subscription price in Article 7 of the company's issuance measures.
The company authorizes the chairman of the board of directors to make
amendments in accordance with the measures and submits them to the board of
 directors for ratification on November 5, 2021.
The revised content is as follows:
(1) After the Options are granted, except the issuance of Shares upon the
conversion of the securities which is convertible to Shares or issued along
with Shares subscription warrants, or issued as employees bonus, if there
is any change to the number of the Shares (including the issuance of new
shares for cash, capitalization of retained earnings, capitalization of
capital surplus, merger, acceptance of new shares  issued by other
companies, share split and the issuance of new shares for issuing overseas
 depositary receipts, etc.), the exercise price of each Option shall be
adjusted in accordance with the following formula (the adjusted exercise
 price shall be rounded up to the nearest tenth of one New Taiwan Dollar).
If the number of issued ordinary shares increases due to a change in the
denomination of the stock, it shall be adjusted on the base date of the
new share issuance, but if there is an actual payment operation, the
adjustment shall be made on the full payment date.
Adjusted exercise price = Exercise price prior to adjustment x
[total number of issued Shares + (paid purchase price per Share x
total number of newly issued Shares)  market price per Share] /
(total number of issued Shares + total number of newly issued Shares)
When the denomination of the stock is changed
Subscription price after adjustment = subscription price before
adjustment (The number of issued shares before the change in the
denomination of the stock/The number of issued shares after the change in
 the denomination of the stock
K(Omission)
(3) After the Options are granted, the exercise price of each Option shall
 be subject to adjustment in accordance with the following formula (the
adjusted exercise price shall be rounded up to the nearest tenth of one
New Taiwan Dollar) in case of the Companys capital reduction not caused
 by the cancellation of treasure shares of the Company. If the number of
common shares decreases due to a change in the denomination of the stock,
 it shall be adjusted on the base date of the new share issuance.
(3.1) Capital Reduction to Wipe off the Accumulated Losses
Adjusted exercise price = Exercise price prior to adjustment 
(total number of issued Shares before capital reduction (Note) /
total number of issued Shares after capital reduction)
(3.2) Cash Capital Reduction
Adjusted exercise price = (Exercise price prior to adjustmentV
cash refund per share)  (total number of issued Shares before capital
reduction (Note) / total number of issued Shares after capital reduction)
(3.3)When the denomination of the stock is changed
Subscription price after adjustment = Subscription price before adjustment
 (Number of ordinary shares issued before the denomination of the stock
(Note)/Number of ordinary shares issued after the denomination of the
stock)
Note: The number of issued common shares includes the total number of
issued common shares and private equity shares, and deducts the number of
 common shares of treasury shares that the company has bought back but
has not yet been cancelled or transferred.
5.Impact on the Company's finance and business after the change:
It has no significant impact on the company's finance and business.
6.Any other matters that need to be specified:No.