HTC 2008 Annual Report Download - page 50

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(6) Company's Dividend Policy and
Implementation Thereof:
>Dividend Policy :
Because the Company is a technology and capital-
intensive enterprise in its growing phase, the
Company sets a policy to allocate dividends with
consideration to factors such as the Company's
current and future investment climate, demand for
working capital, competitive environment at home
and globally, capital budget, as well as the interests
of the shareholders, balanced dividends, and long-
term financial planning of the Company. Every year,
the board of directors shall propose the allocation
ratio and propose it at the shareholders' meeting.
The earnings may be allocated in cash dividends or
stock dividends, provided that the ratio of cash
dividends may not be less than 50% of the total
dividends.
According to the company's Articles of Incorporation,
if the Company has earnings after the annual final
accounting, it shall be allocated in the following
order:
1. To pay taxes.
2. To cover accumulated losses, if any.
3. To appropriate 10% legal reserve unless the total
legal reserve accumulated has already reached the
amount of the Company's authorized capital.
4. To pay remuneration to directors and supervisors at
0.3% maximum of the balance after withholding the
amounts under subparagraphs 1 to 3.
5. To pay bonus to employees at 5% minimum of the
balance after withholding the amounts under
subparagraphs 1 to 3, or such balance plus the
unappropriated retained earnings of previous years.
However, the bonus may not exceed the limits on
employee bonus distributions as set out in the
Regulations Governing the Offering and Issuance of
Securities by Issuers. Where bonus to employees is
allocated by means of new share issuance, the
employees to receive bonus may include employees
serving with affiliates who meet specific
requirements. Such specific requirements shall be
prescribed by the board of directors.
6. For any remainder, the board of directors shall
propose allocation ratios based on the dividend
policy set forth in paragraph 2 of this Article and
propose them at the shareholders' meeting.
>The dividend distributions proposed at the most
recent shareholders' meeting: (Board of Directors
has adopted, 2009 pending on the approval of the
Shareholders General Meeting.)
On April 30, 2009 Company adopted a resolution
passed by Board of Directors for the distribution of
2008 earnings for the proposed allocation of NTD
372,696,920 in stock dividend and NTD
20,125,634,120 in cash dividend, propose to
distribute NT$0.5 stock dividends and NT$27 cash
dividends per share.(based on book closure date of
outstanding shares for 2009 Annual Shareholders.
Meeting), the Board of Directors may make the
required adjustments to the actual earnings
distribution ratio on the basis of the number of issued
and outstanding stocks registered in the Common
Stockholders' Roster as at the record date.
>If a material change in dividend policy is
expected, provide an explanation :
There is no material change in dividend policy.
(7) Impact of The Stock Dividend Proposal of
This Shareholders Meeting on Operational
Performance and Earnings Per Share:
Company is not required to make public Company's
2009 financial forecast information ; therefore it is
inapplicable.
(8) Information on Employee Profit Sharing &
Regular Compensation for Directors and
Supervisors:
>Company's Articles of Incorporation stipulate the
distribution of employee profit sharing as well as
Directors and Supervisors' remuneration in terms
of percentage or scope.
V. CAPTIAL AN D SHARES
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2OO 8 HTC AN N UAL REPO RT
(4) List of Principal Shareholders:
04/21/2009
Shares
Name of principal shareholders Current Shareholding Percentage
Euro Pacific Growth Fund Special Account under custodial administration of Chase Manhattan Bank 38,751,100 5.20%
Way-Chih Investment Co., LTD. 37,852,752 5.08%
Way-Lien Technology Inc. 36,396,764 4.88%
Cher Wang 23,558,949 3.16%
Hon-Mou Investment Co., Ltd. 22,014,333 2.95%
Wen-Chi Chen 19,342,525 2.59%
Capital Revenue Founder Company Investment Special Account under custodial administration of Chase Manhattan Bank 15,308,500 2.05%
The Central Bank of Saudi Arabia Investment Special Account under custodial administration of Chase Manhattan Bank 14,565,698 1.95%
World Capital Growth and Revenue Fund Company Investment Special Account under custodial administration of Chase Manhattan Bank 11,872,500 1.59%
HTC Depositary Receipts Special Account under custodial administration of Citibank N.A. 11,677,074 1.57%
(5) Provide Share Prices for The Past Two Fiscal Years, Together with The Company's Net Worth Per
Share, Earnings Per Share, Dividends Per Share, and Related Information:
Year
Item 2007 2008 01/01/2009 ~ 03/31/2009
Market price per share Highest market price 703 888 446
Lowest market price 390 256 308.50
Average market price 548.64 576.90 371.09
Net worth per share(note) Before distribution 97.84 80.30 88.06
After distribution 61.73 (note) (note)
Earnings per share Weighted average shares(thousand shares) 573,229 754,148 745,394
Earnings per share 50.48 37.97 6.54
Retroactively adjusted earnings per share 38.30 (note) (note)
Dividends per share Cash dividends 34 27 (note) -
Stock dividends Dividends from retained earnings 0.3 0.05 (note) -
Dividends from capital surplus - --
Accumulated undistributed dividend - --
Reutrn on investment Price/Earnings ration 10.87 15.19 -
Price/Dividend ratio 16.14 21.37 (note) -
Cash dividend yield 6.20% 4.68 (note) -
Note : Pending 2009 shareholders' approval
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