|Year||Cash Dividends||Stock Dividends|
|Ex Date||NT$ / Share||Ex Date||NT$ / Share|
Dividend Policy and Earnings Distribution
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.