HTC 2013 Annual Report Download - page 58

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CAPITAL AND SHARES CAPITAL AND SHARES
112 113
4. List of principal shareholders:
2014.04.21 Each share has a par value of NT$10
Name of principal shareholders
Shares
Current
Shareholding Percentage
Way-Chih Investment Co., LTD. 43,819,290 5.21%
Way-Lien Technology Inc. 37,653,231 4.48%
Cher Wang 32,272,427 3.84%
Hon-Mou Investment Co., Ltd. 24,385,081 2.90%
Wen-Chi Chen 22,391,389 2.66%
Standard Chartered Bank in custody for VANGUARD EMERGING MARKETS STOCK INDEX FUND 13,488,925 1.61%
Invesco Funds-Invesco Greater China Equity Fund 11,611,000 1.38%
Kun Chang Investment Co, Ltd. 9,982,824 1.19%
Credit Suisse Securities (Europe) Limited 9,072,944 1.08%
JPMorgan Chase Bank N.A. Taipei Branch in custody for ABU DHABI Investment Authority 8,762,833 1.04%
5. Share prices for the past two fiscal years, the Company's net worth per
share, earnings per share, dividends per share, and related information:
Year
Item 2012 2013 2014.01.01~2014.03.31
Market price
per share
Highest market price 672 307.5 157.5
Lowest market price 191 122 125
Average market price 381.41 208.42 139.92
Net worth
per share
(Note)
Before distribution 96.57 94.37 92.87
After distribution 94.57 94.37 92.87
Earnings per
share
Weighted average shares (thousand shares) 831,980 829,082 823,438
Earnings per share 20.21 (1.60) (2.28)
Retroactively adjusted earnings per share 20.21 (1.60)(Note) (2.28)
Dividends
per share
Cash dividends 2 0(Note)
Stock
dividends
Dividends from retained earnings 0 0(Note)
Dividends from capital surplus - -
Accumulated undistributed dividend - -
Return on
investment
Price/Earnings ration 18.87 NA
Price/Dividend ratio 190.71 NA(Note)
Cash dividend yield 0.52% 0(Note)
Note ：2014 pending on the approval of the Shareholders Meeting.
6. Dividend policy：
1. Dividend policy：
Since the Company is in the capital-intensive technology sector and growing, dividend policy is set
with consideration to factors such as current and future investment climate, demand for working
capital, competitive environment, capital budget, and interests of the shareholders, balancing
dividends with long-term financial planning of the Company. Dividends are proposed by the Board of
Directors to the Shareholders' Meeting on a yearly basis. Earnings may be allocated in cash or stock
dividends, provided that the ratio of cash dividends may not be less than 50% of total dividends.
According to the Company's Articles of Incorporation, earnings 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 recognize or reverse special reserve return earnings.
5. To pay remuneration to directors and supervisors at 0.3% maximum of the balance after
withholding the amounts under subparagraphs 1 to 4.
6. To pay bonus to employees at 5% minimum of the balance after withholding the amounts under
subparagraphs 1 to 4, 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.
7. 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.
2. Dividend distribution proposed at the most recent shareholder's meeting: (Proposal adopted by
the Board pending approval by the Shareholders' Meeting.)
HTC will not distribute stock dividends at the 2014 Annual Shareholders' Meeting.
3. There is no material change in dividend policy.
7. Impact of the stock dividend proposal on operational performance
and earnings per share：
HTC will not distribute stock dividends at the 2014 Annual Shareholders' Meeting; therefore it is not
applicable.