HTC 2013 Annual Report Download - page 59

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CAPITAL AND SHARES CAPITAL AND SHARES
114 115
8. Employee profit sharing and compensation for Directors and
Supervisors：
(1) Percentage and scope of employee profit sharing and Director and Supervisor
remuneration as stipulated in the Company's Article of Incorporation.
The Company's Articles of Incorporation stipulate that 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.
(2) Employee bonus proposal adopted by the Board：
HTC will not distribute Employee Bonus at the 2014 Annual Shareholders' Meeting; therefore it is
not applicable.
(3) Distributions of 2012 employees' bonus and remunerations for Directors and
Supervisors:
Distributions of earnings in 2012
Date of the Board resolution 2013.05.01
Date of Annual Shareholders' Meeting 2013.06.21
Total stock bonus as employee bonus
Total Number of Shares 0
Total Amount (NT$1,000) 0
Total cash bonus as employee bonus (NT$1,000) 976,327
Total employee bonus (NT$1,000) 976,327
Director' and Supervisors' Remuneration (NT$1,000) 0
9. Share repurchases:
Topic Explanation
Eleventh Estimation of Share Buy-back Status
Board of Director resolution 8/2/2013
Purpose of the share buy-back To transfer stocks to employees. According to the Regulations
Governing Share Repurchase by Listed and OTC Companies,
Article 2 requires to buy back Treasury stocks.
Type of share buy-back Common stock
Total amount allocated for share buy-back NTD 4,350,000,000
Buy-back period 8/5/2013~10/4/2013
Estimated number of buy-back shares
(as percentage of total outstanding shares) (Note 1)
15,000,000 shares
(1.76%)
Estimated buy-back price interval Buy-back stock price is between NTD 140 to NTD 290. It is further
resolved by the Board of Directors to continue buy-back of shares
if the stock price falls under NTD 140.
Method of Buy-back Buy-back shares from stock exchange
Eleventh Actual Stock Buy-back Status
Buy-back period 8/20/2013~10/4/2013
Number of buy-back shares
(as a percentage of total shares outstanding)(Note 2)
7,789,000 shares
(0.91%)
Total amount for buy-back shares NTD 1,033,845,666
Average price per buy-back share NTD 132.73
Number of Shares Cancelled or Transferred 7,789,000 shares
Cumulative number of own shares held 28,614,045 shares
Ratio of cumulative number of own shares held during the
repurchase period to the total number of the Company's issued
shares
3.36%
Note 1: The percentage is calculated based on the total outstanding shares when the Company reported share repurchase.
Note 2: The percentage is calculated based on the total outstanding shares when the Company reported expiration of repurchase period or completion of the
repurchase.
2. Issuance of Corporate Bonds
None
3. Status of Preferred Shares
None