HTC Investors

Printer Friendly Version  View printer-friendly version <<  Back
HTC Board of Directors resolved the Company's 2008 employee bonus appropriaton rate
1.Date of occurrence of the event: 2008/02/27 

2.Company name: High Tech Computer Corp. 

3.Relationship to the Company (please enter ”head office” or ”affiliate company”): head office. 

4.Reciprocal shareholding ratios: None 

5.Cause of occurrence:
To consolidate shareholders’rights and employee welfare in addition to the employee bonus appropriation rate from previous years and industry benchmarks, HTC Board of Directors resolved that Company’s 2008 employee bonus appropriation rate for accrued expenses is set at 18% of net profit after taxes, prior to this employee bonus adjustment. Actual employee bonus distribution will require validation from the 2008 fiscal year closing after the resolution by Board of Directors meeting on earnings distribution proposal and approved by the 2009 annual general meeting of shareholders. 

6.Countermeasures: None 

7.Any other matters that need to be specified: None