Innodisk : The board of directors ratified the amendments to the "2022 the first time Employee stock option issuance and stock subscription methods "

 The board of directors ratified the amendments to
the "2022 the first time Employee stock option issuance
and stock subscription methods "

1.Date of occurrence of the event:2022/08/05
2.Date of the original announcement and reporting:2022/07/06
3.Summary of the content originally announced and reported:
The board of directors ratified the amendments to the "2022 the first
 time Employee stock option issuance and stock subscription methods "
4.Reason for change and its main content:
(1)To meet the requirements of the Financial Supervisory Commission,
the amendments to the "2022 the first time Employee stock option
issuance and stock subscription methods "

(2)Content before modification:
III、Eligibility criteria for optionees:
(II) The actual number of shares recognized by an
employee will be determined by the Chairman after
approval by the Chairman and with the consent of the
Board of Directors, taking into account the individual
work performance, overall contribution, special merit
or other conditions for reference in management, etc.,
except that the identity of the director or manager on
the list of recognized shareholders shall be approved
by the Remuneration Committee; If the list of
shareholders is not a manager, it is necessary to
obtain the consent of the Audit Committee before
submitting the board resolution.
VII、Adjustment of subscription price:
(I)After the stock warrants are issued, except for the issuance of
common shares upon conversion of all securities with conversion
rights or subscription rights for common shares, or new shares issued
 as employee bonuses, if there is any change to the Company's no. of
 common shares (including cash capital increase, capital increase by
 earnings, capital increase by capital surplus, merger or transfer of
 new shares issued by other companies, stock divide, participation in
 overseas depositary receipts through cash capital increase, etc.),
the subscription price shall be adjusted in accordance with the
following formula (rounded up to the nearest tenth of one New Taiwan
Dollar):
Adjusted subscription price = Subscription price prior to adjustment
 * [no. of issued shares + (paid purchase price per share * no. of
newly issued shares) ÷ current price per share] / (no. of issued
shares + no. of newly issued shares)
(1)No. of issued shares refers to total no. of issued common shares
minus the no. of treasury shares repurchased by the Company but not
 transferred or canceled.
(2)In the event of gratuitous distribution of shares or stock divide
, the paid purchase price per share shall be zero.
(3)If the adjusted subscription price is higher than the subscription
 price prior to adjustment, the subscription price shall not be
adjusted.
(4)In the event of merger or issuance of new shares for transfer of
shares from other company, the paid purchase price per share shall be
 the average closing price of the common shares of the Company 30
business days prior to the record date of merger or transfer of shares
 from other company.
(5)The hourly price per share shall be determined by the simple
arithmetic average of the closing price of common stock calculated one
 by one of the division basis date, the order basis date or the one,300
 or five trading days before the stock split benchmark date.
(II)In the event of a decrease in the number of issued common share
After the stock warrants are issued, the subscription price shall be
subject to adjustment in accordance with the following formula in case
 that the reduction in no. of common shares is not caused by capital
reduction through cancellation of treasury shares (the adjusted
subscription shall be rounded down to the nearest tenth of one New
Taiwan Dollar):
Capital reduction to offset losses: Adjusted subscription price =
Subscription price prior to adjustment × (no. of issued shares before
capital reduction ÷ no. of issued shares after capital reduction)
Capital reduction with cash payment: Adjusted subscription price =
 (Subscription price prior to adjustment - cash refund per share) ×
(no. of issued shares before capital reduction ÷ no. of issued Shares
after capital reduction)
(1) The number of issued shares refers to the total number of issued
shares (including private ) of common stock, and the number of treasury
shares bought by the Company but not yet sold or transferred shall be
deducted.

(3)Modified content:
III、Eligibility criteria for optionees:
(II) The actual number of shares recognized by an employee will be
determined by the Chairman after approval by the Chairman and with the
consent of the Board of Directors, taking into account the taking into
account length of service, grade, work performance, overall contribution,
special merit or other conditions for reference in management, etc.,
except that the identity of the director or manager on the list of
recognized shareholders shall be approved by the Remuneration Committee;
If the list of shareholders is not a manager, it is necessary to obtain
the consent of the Audit Committee before submitting the board resolution.
The nomination and grant of the number of  the Options shall be subject
to the satisfaction of the following  performance criteria that such
employee:
a.scores above the average during annual performance review.
b.has outstanding job performance in assigned projects or makes significant
contribution to the Company.
c.has been recommended by the heads of his/her department for contributing
to the operation and future development of the ompany.
d.possesses specialized working skills, know-how and knowledge equires by
the Company.
@VII、Adjustment of subscription price:
(I)After the stock warrants are issued, except for the issuance of
common shares upon conversion of all securities with conversion
rights or subscription rights for common shares, or new shares issued
 as employee bonuses, if there is any change to the Company's no. of
 common shares (including cash capital increase, capital increase by
 earnings, capital increase by capital surplus, merger or transfer of
 new shares issued by other companies, stock divide, participation in
 overseas depositary receipts through cash capital increase, etc.),
the subscription price shall be adjusted in accordance with the
following formula (rounded up to the nearest tenth of one New Taiwan
Dollar):
Adjusted subscription price = Subscription price prior to adjustment
 * [no. of issued shares + (paid purchase price per share * no. of
newly issued shares) ÷ current price per share] / (no. of issued
shares + no. of newly issued shares)
Change of the par value of shares:
Adjusted exercise price = Exercise price prior to adjustment * (total
number of outstanding shares before change of the par value of shares
÷total number of outstanding shares after change of the par value of
shares)
(1)No. of issued shares refers to total no. of issued common shares
minus the no. of treasury shares repurchased by the Company but not
 transferred or canceled.
(2)In the event of gratuitous distribution of shares or stock divide
, the paid purchase price per share shall be zero.
(3)If the adjusted subscription price is higher than the subscription
 price prior to adjustment, the subscription price shall not be
adjusted.
(4)In the event of merger or issuance of new shares for transfer of
shares from other company, the paid purchase price per share shall be
 the average closing price of the common shares of the Company 30
business days prior to the record date of merger or transfer of shares
 from other company.
(5)The hourly price per share shall be determined by the simple
arithmetic average of the closing price of common stock calculated one
 by one of the division basis date, the order basis date or the one,300
 or five trading days before the stock split benchmark date.
(II)In the event of a decrease in the number of issued common share
After the stock warrants are issued, the subscription price shall be
subject to adjustment in accordance with the following formula in case
 that the reduction in no. of common shares is not caused by capital
reduction through cancellation of treasury shares (the adjusted
subscription shall be rounded down to the nearest tenth of one New
Taiwan Dollar):
Capital reduction to offset losses: Adjusted subscription price =
Subscription price prior to adjustment × (no. of issued shares before
capital reduction ÷ no. of issued shares after capital reduction)
Capital reduction with cash payment: Adjusted subscription price =
 (Subscription price prior to adjustment - cash refund per share) ×
(no. of issued shares before capital reduction ÷ no. of issued Shares
after capital reduction)
Change of the par value of shares:
Adjusted exercise price = Exercise price prior to adjustment * (total
number of outstanding shares before change of the par value of shares
÷total number of outstanding shares after change of the par value of
shares)
(1) The number of issued shares refers to the total number of issued
shares (including private ) of common stock, and the number of treasury
shares bought by the Company but not yet sold or transferred shall be
deducted.
5.Impact on the Company's finance and business after the change:None.
6.Any other matters that need to be specified:None.