Year Cash Dividends Stock Dividends
Ex Date NT$ / Share Ex Date NT$ / Share
2016 2017.07.17 1 NA NA
2015 2016.07.29 0.81 2016.10.12 0.80
2014 2015.08.06 0.81 2015.08.06 0.81
2013 2014.07.09 0.38 2014.09.18 0.37
2012 2013.07.17 0.71 2013.08.19 0.70
2011 2012.07.17 0.40 2012.09.18 0.88
2010 2011.07.19 0.73 2011.09.13 0.72
2009 2010.07.29 0.64 2010.08.31 0.64
2008 2009.07.16 0.18 2009.09.04 0.32
2007 2008.07.03 0.20 2008.09.01 0.80
2006 N/A 0.00 N/A 0.00
2005 2006.07.06 0.50 2006.08.09 1.20
2004 2005.07.14 1.00 2005.08.24 2.00
2003 2004.07.12 1.10 2004.08.25 0.60

Dividend Policy and Earnings Distribution

Dividend policy

The Company, aiming to a continued growth and increase profitability as well as to be in line with the provisions of laws, adopts a residual dividend policy.

The fiscal year-end earnings of the Company shall be applied to the following uses in order: payments of taxes, adjustments per financial and accounting principle, making-up of deficit, legal reserve, special reserve by law or reversal, and preferred stock dividends, if it still has earnings, the 30% to 100% of the balance, after the above-mentioned applications, shall be combined with the beginning retained earnings for dividends and bonuses for the shareholders subject to approval by a shareholders meeting.

The earnings distribution is based on cash and stock dividend according to the business plan. However, the cash dividend shall not be less than 10% of the total distributable dividends. The abovementioned cash dividend may be adjusted, for needs of operations, investments, acquisition, and by the amendment of laws, but no less than1% of the total dividends. The adjustment, if any, shall be proposed by the Board of Directors and approved by a Shareholders' Meeting. The Company may retain the earnings that are less thanNT$0.1 per share of cash dividend.

Status of execution

The Annual General Shareholders' Meeting(AGM) has approved the earnings appropriation proposal for Year 2016 . The proposed resolution of dividend distribution approved by the AGM is as follows:

It is proposed that cash dividend of NT$16,549,348 thousand from retained earnings of Year 2016 at NT$0.85 per share and cash of NT$2,920,473 thousand from capital surplus at NT$0.15 per share, totally cash of NT$1 per share will be distributed according to the record shown in the shareholder book on the distribution Record Date.