HTC Investors

Printer Friendly Version  View printer-friendly version <<  Back
Board of Directors' resolution regarding capital increase through issuance of new shares from annual earnings and employee bonus shares.
1.Date of the board of directors resolution:2006/03/20 

2.Source of capital increase funds:2005 annual earnings and employee bonus shares. 

3.Number of shares issued:79,403,197 shares (Stock dividends to shareholders:71,403,197 shares; Bonus shares to employees: 8,000,000 shares) 

4.Par value per share:NT$10. 

5.Total monetary amount of the issue:NTD$794,031,970 

6.Issue price:N/A 

7.Number of shares subscribed by or allotted to employees:8,000,000 shares. 

8.Number of shares publicly sold:N/A 

9.Ratio of shares subscribed by or allotted as stock dividends to existing shareholders:Allotted 200 shares as stock dividends per 1000 shares. In the event that any adjustment of the issued stock options for Company's employee due to the exercise of such options, the actual earnings distribution ratio and number will be adjusted by the Board of Directors in accordance with the outstanding common shares registered in the shareholders' roster of the Company on the record date. 

10.Method of handling fractional shares and shares unsubscribed by the deadline:If the stock dividends included any fractional shares which are less than one full share, the shareholders concerned may arrange for pooling together of their fractional shares to form one full share and register the same within 5 days after the record date. For the fractional shares which cannot be pooled, the distribution will be made in the form of cash in a dollar amount calculated at par value. Such fractional shares will be purchased at the amount caculated at par value by the parties designated by the Chairperson as authorized. 

11.Rights and obligations of the newly issued shares:As the same as the existing common shares. 

12.Utilization of the funds from the capital increase:Fulfill operation capitals. 

13.Any other matters that need to be specified:New issued shares that are resolved by Shareholders' Meeting and approved by competent authorities will be distributed on specified record date which is determined by the Board of Directors.