Dividend Policy of TONG HSING ELECTRONIC IND., LTD.
I.Set aside 10% of the earnings as legal reserve. However, when the legal reserve amount equals to the paid-in capital of the Company, it is not subject or such restriction.
II.Set aside or reverse special reserve in accordance with the relevant laws and regulations.
III.Pay dividends or bonuses for an amount not less than 30% of the amount net of the legal reserve and special reserve as stipulated in the preceding paragraph and the cash dividends shall account for at least 50% of the current year's total dividends. The Board of Director shall prepare the earnings distribution proposal for the resolutions of the shareholders’ meeting. However, if the earnings distribution proposal is for the distribution of dividend and bonus in cash entirely or partially, it shall be resolved by the Board of Directors with the attendance of more than two-thirds of the directors and the consent of the majority of attending directors; also, it shall be reported in the shareholders’ meeting.
The Company's dividend policy is based on the current and future development plans, consideration of the investment environment, capital requirements, domestic and international competition, and the interests of shareholders, etc. The Board of Directors shall prepare a resolution to be approved by the shareholders in a meeting.
If the Company has no loss, the Board of Directors, with two-thirds of the directors present and a majority of the directors present, shall issue all or a portion of the legal reserve and the capital surplus as provided in Paragraph 1, Article 241 of the Company Act to the shareholders in cash in proportion to their original shares and report the same to the shareholders' meeting.
Further, if the Company makes a profit (profit is defined as income before tax less distribution of employees' compensation and directors' compensation) in a year, no less than 3% shall be set aside as employees' compensation and no more than 3% shall be set aside as directors' remuneration. However, if the Company still has accumulated losses, the Company shall retain the amount to offset such losses in advance and then provide for the employees' compensation and directors' remuneration in proportion to the aforementioned amounts. The distribution shall be made in the form of cash or stocks for employees, but only in the form of cash for the directors. Employees entitled to receive the said stock or cash may include the employees of the Company’s subordinate companies who meet certain requirements. Proposals of distributions to employees, directors and supervisors shall be taken to the shareholders' meeting for approval after the resolution is reached by a majority of the Board with two thirds in attendance.
Annual Dividend Payments
| Period of dividend | Stock dividends (NT$) | Cash dividends (NT$) | Cash dividends from capital reserve (NT$) | Total dividends (NT$) | Issue date |
|---|---|---|---|---|---|
| 2023 | 0.00 | 2.40 | 0.00 | 2.40 | 2024/07/19 |
| 2022 | 3.00 | 7.77007957 | 0.00 | 10.77007957 | 2023/07/21 |
| 2021 | 0.00 | 9.00 | 0.00 | 9.00 | 2022/07/22 |
| 2020 | 0.00 | 5.5 | 0.00 | 5.5 | 2021/08/20 |
| 2019 | 0.00 | 2.44484149 | 0.00 | 2.44484149 | 2020/08/06 |
| 2018 | 0.00 | 5.59715707 | 0.40284293 | 6.00 | 2019/08/30 |
| 2017 | 0.00 | 4.97418968 | 1.02581032 | 6.00 | 2018/08/31 |
| 2016 | 0.00 | 5.91108397 | 0.00 | 5.91108397 | 2017/08/30 |
| 2015 | 0.00 | 6.00 | 0.00 | 6.00 | 2016/08/31 |
Stock Agent
Stockbroking Department, KGI Securities Company Limited
- Address: 5/F, No. 2, Sec. 1, Chung Ching South Road, Taipei City 100
- Tel: 886-2-2389-2999
- Website:https://www.kgieworld.com.tw
Top ten shareholders (2024.04.01)
The names, total amount of shares, and shareholding ratio of the top ten shareholders holding more than 5% of shares Click here to download