UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of January, 2025
Commission File Number 001-37928
ChipMOS TECHNOLOGIES INC.
(Translation of Registrant’s Name Into English)
No. 1, R&D Rd. 1, Hsinchu Science Park
Hsinchu, Taiwan
Republic of China
(Address of Principal Executive Offices)
(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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ChipMOS TECHNOLOGIES INC. |
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(Registrant) |
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Date: January 21, 2025 |
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By |
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/S/ S. J. Cheng |
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Name: |
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S. J. Cheng |
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Title: |
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Chairman & President |
Below is the English version of our January 21, 2025 filing on the Taiwan Stock Exchange Corporation’s Market Observation Post System (MOPS). Attached as Exhibit 99.1 is our related press release issued on January 21, 2025.
Date of announcement: 2025/01/21
Subject: Announcement of the Company’s Board of Directors resolution to repurchase shares
Date of events: 2025/01/21
To which item it meets: Article 4, Paragraph 1, Item 35 of the Taiwan Stock Exchange Corporation Procedures for Verification and Disclosure of Material Information of Companies with Listed Securities
Statement:
Subject: The Company intends to repurchase shares as treasury shares and cancel such treasury shares in accordance with the law.
Explanatory Note:
(1) Purpose of the share repurchase: To maintain the Company’s credit and shareholders’ equity.
(2) Type of shares to be repurchased: Common shares.
(3) Maximum total amount of shares to be repurchased: NT$350,000,000.
(4) Scheduled period for the repurchase: 2025/01/22~2025/03/21.
(5) Number of shares to be repurchased: 10,000,000 shares (A percentage of total issued shares of the Company: 1.38%).
(6) Repurchase price range: NT$21.18~NT$35.00, repurchase to continue if the share price is below the minimum price.
(7) Method for the repurchase: Authorize a securities firm to repurchase in the centralized securities exchange market using open market purchases.
Resolution: Approved by all members present in the meeting.
According to the evaluation opinion provided by KGI Securities Co., Ltd., the proposed repurchase price range for the Company’s shares, set between NT$21.18 and NT$35.00 per share, is deemed reasonable. The evaluation also concludes that the repurchase will not have any significant adverse impact on the Company’s financial structure, net asset value per share, earnings per share, return on equity, liquidity ratio, etc.
The total amount for the proposed share repurchase, calculated at the maximum price of NT$35.00 per share, is NT$350 million. Based on the Company’s Q3 2024 financial report, retained earnings (excluding special reserves), capital surplus, realized capital reserves, and the amounts deducted for declared distributions collectively amount to NT$17,386,432 thousand. This figure represents the maximum allowable amount for share repurchases, as stipulated by the “Regulations Governing Share Repurchase by Exchange-Listed and OTC-Listed Companies”.
The calculations confirm that the proposed repurchase amount does not exceed the regulatory limits, and the predetermined repurchase price range is deemed reasonable.