HTC 2015 Annual Report Download - page 64

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Capital and shares
Capital and shares
124
125
(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.
IftheCompanymakesprotforthecurrentyear,Companyshallhaveminimumof4%ofsuchprot
distributable as employees’ compensation at in the form of stock or in cash as resolved by the board of
directors. Employees of subsidiaries of the Company meeting certain specific requirements shall also
beentitledtoreceivesuchstockorcash.Boardofdirectorsmayresolvetodistributeuptomaximumof
0.25%oftheprotofcurrentyearmentionedinprecedingparagraphasremunerationtodirectorsand
supervisors.Proposeddistributionofprotasemployees’compensationandremunerationtodirectors
and supervisors shall be presented at shareholders’ meeting.
Note: ThedividendpolicyabovewasamendedincompliancewiththeCompanyActofTaiwan.ItwasadoptedbytheBoardonFebruary29,2016andwillbe
submittedforapprovalattheShareholders’MeetingonJune24,2016.
2. Employee Compensation proposal adopted by the Board:
HTCwillnotdistributeEmployeeCompensationatthe2016AnnualShareholders'Meeting;therefore
it is not applicable.
3. Distributions of 2014 employees compensation and remunerations for
Directors and Supervisors:
Distributions of earnings in 2014
DateoftheBoardresolution 2014.04.15
DateofAnnualShareholders'Meeting 2014.06.02
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) 88,333.5
Total employee bonus (NT$1,000) 88,333.5
Director' and Supervisors' Remuneration (NT$1,000) 0
(9) Share repurchases:
Share buy-back status The twelfth time
Purposeofthesharebuy-back To maintain credit of the company and interest of shareholders. According to the
Regulations Governing Share Repurchase by Listed and OTC Companies, Article 2
requires o-setting of buy-back Treasury stocks.
Buy-backperiod 8/28/2015-9/9/2015
Buy-backpricerange NT$45.3–NT$54.8
Number of shares bought back Common shares 4,110,000 shares
Total amount for buy-back shares NTD 200,955,290
Cancellation of buy-back shares Common shares 4,110,000 shares
Cumulative number of own shares held 0 share
Percentageofcumulativenumberofownshares
to the total number of the Company’s issued
shares
0%
2. Issuance of Corporate Bonds
None
3. Status of Preferred Shares
None