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HTC Board of Directors resolved the Company's 2009 employee bonus appropriation rate
1.Date of occurrence of the event: 2009/02/26
2.Company name: HTC Corporation
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 2009 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 2009 fiscal year closing after the resolution by Board of Directors meeting on earnings distribution proposal and approved by the 2010 annual general meeting of shareholders.
7.Any other matters that need to be specified: None