Contents - MiTAC

More documents

Recommendations

Info

The earnings allocations and shareholder cash dividend rates described above are to be set by the Board of Directors giving due consideration to the Company's financial condition, future financing requirements, and profit status, with cash dividends not less than 10% of total stock dividends, and subject to adjustments approved at the shareholder's meeting. 3.6.2 Proposal for Dividend Distribution In accordance with the above principles, the Company's Board of Directors on April 1, 2004 drafted a proposal for dividend distribution for the current year (2004), with a cash dividend for each share of NT$0.5. The proposal will be presented for approval at the shareholder's meeting on May 18, 2004. 3.7 Employee Bonuses and Renumeration for Directors, Supervisors 3.7.1 Scale and Scope of Employee Bonuses and Renumeration for Directors and Supervisors As Set Forth in Company Regulations (1) Employee Bonus: Where the Company has earnings at the end of the business year, after paying all relevant taxes, deducting accumulated deficits from past years, and setting aside a legal reserve of ten percent, it shall in accordance with the law appropriate a special earnings surplus. After payment of interest on stocks, a minimum of 5% of the remainder shall be appropriated for employee bonuses. (2) Scale and Scope of Renumeration for Directors and Supervisors: Not specified in company regulations. 3.7.2 Information on the Proposed Scheme for Distribution of Employee Bonuses as Passed by the Board of Directors On Apri l, 2004, the Board of Directors passed a resolution on the distribution of the Company's earnings in 2003 as follows: (1) Distribute to employees cash bonuses totaling NT$94,632,585, and renumeration totaling NT$4,000,000 to directors and supervisors. (2) Proposed number of shares to be distributed as employee stock bonuses: None. Share of capitalized earnings: 0%. (3) Consider using for discussion an after-tax basic earnings per share figure of NT$0.93 after distribution of employee bonuses and renumeration for directors and supervisors. 3.7.3 Resolution of Employee Bonuses and Renumeration to Directors and Supervisors Last Year Actual Figures Resolved Upon at 2002 Shareholder's Meeting and by the Board of Directors (1)Dividend Distribution Employee cash bonus Employee stock bonus A. Number of Shares B. Value C. Share of total shares in circulation at year-end Remuneration to directors, supervisors (2)Information on Earnings Per Share Earnings Per Share Set Earnings Per Share (See note 1.) - 19 - NT$ 77,841,000 - - - NT$ 4,000,000 NT$ 0.84 NT$ 0.76 Notes: 1. Calculated based on the following formula: (Earnings Per Share) = ((Net Profit for the Period) – (Employee Bonus) – (Renumeration for Directors and Supervisors)) / (Weighted Average Number of Shares in Circulation During That Year)
3.8 Treasury Stock Aapril 1, 2004 Sequence First (period) Second(period) Third(period) Fourth(period) Fifth(period) Sixth(period) Seventh(period) Eighth(period) Purpose To transfer to employees To transfer to employees To transfer to employees To transfer to employees To transfer to employees To transfer to employees To transfer to employees To transfer to employees Period Price Range Type and Quantity Bought Back Value of Shares Bought Back Shares Cancelled or Transferred Accumulated Shares Accumulated Held Shares As Percentage of Total Issued Shares(%) September 7, 2001 to November 16, 2001 Between NT$10 and NT$13 190,000 shares of common stock NT$ 2,212,143 May 30, 2003 to July 29, 2003 Between NT$10.5 and NT$12 0 share of common stock NT$ 0 August 7, 2003 to October 6, 2003 Between NT$10.5 and NT$14 5,000,000 shares of common stock NT$ 69,111,879 September 1, 2003 to October 31, 2003 Between NT$10.5 and NT$14 5,000,000 shares of common stock NT$ 68,079,339 - 20 - September 17, 2003 to November 16, 2003 Between NT$10.5 and NT$14 10,000,000 shares of common stock NT$ 137,834,108 December 8 , 2003 to February 7, 2004 Between NT$10.5 and NT$15 5,000,000 shares of common stock NT$ 72,424,882 February 25, 2004 to April 24, 2004 Between NT$15 and NT$17 5,000,000 shares of common stock NT$ 84,065,197 March 12, 2004 to May 11, 2004 Between NT$15 and NT$17.5 6,760,000 shares of common stock NT$ 103,300,497 190,000 shares 0 4,503,000 shares 0 0 0 0 0 0 0 497,000 shares 5,497,000 shares 15,497,000 shares 20,497,000 shares 25,497,000 shares 32,257,000 shares 0.00% 0.00% 0.05% 0.52% 1.46% 1.93% 2.40% 3.03%
Page 1 and 2: Contents A.Report To Shareholders..
Page 3 and 4: Innovations in product R&D and work
Page 5 and 6: 4.Integrate Group resources, contin
Page 7 and 8: 1990 - In response to rapid busines
Page 9 and 10: MiTAC International's US subsidiary
Page 11 and 12: 2.1.2 Responsibilities of Major Dep
Page 13 and 14: Major Institutional Shareholders Ap
Page 15 and 16: Title Name Date Took Office Shares
Page 17 and 18: 3. Capital and Shares, Corporate Bo
Page 19: 3.5 Market Price, Net Value, Earnin
Page 23 and 24: 3.10 Employee Stock Options 3.10.1
Page 25 and 26: 1.1.3 New Products and Technologies
Page 27 and 28: this platform are being aggressivel
Page 29 and 30: 1.3.2 Technologies and Products Suc
Page 31 and 32: 1.4.3. Wireless communications prod
Page 33 and 34: (3) Wireless Communications Product
Page 35 and 36: C.Expand development of high value-
Page 37 and 38: 2.3 Supply of Key Components Compon
Page 39 and 40: As a professional computer assembly
Page 41 and 42: 8. Acquisition or Disposition of As
Page 43 and 44: 1.2 Concise Profit/Loss Statment Un
Page 45 and 46: 2.1 Financial Structure (1) Debt ra
Page 47 and 48: MITAC INTERNATIONAL CORP. AND SUBSI
Page 53 and 54: combined total assets or operating
Page 55 and 56: 11) Deferred charges A. Telephone i
Page 57 and 58: 3) Mitac Precision Technology Co.,
Page 59 and 60: D. Tsu Fung Investment Corp. was no
Page 61 and 62: 11) OTHER LIABILITIES December 31,
Page 63 and 64: B. Undistributed earnings (a) In ac
Page 65 and 66: C. Components of deferred income ta
Page 67 and 68: 19) PERSONNEL EXPENSES, DEPRECIATIO
Page 69 and 70: E. Accounts payable December 31, 20
Page 71 and 72:
11. SPECIAL DISCLOSURE ITEMS A. Inf
Page 73 and 74:
Investor Types Name of marketable s
Page 75 and 76:
The company buying /selling product
Page 77 and 78:
Item Sales of forward foreign excha
Page 79 and 80:
Investor Investee Company 〃 Proco
Page 81 and 82:
(4) The detail of marketable securi
Page 83 and 84:
(8) Purchases or sales transactions
Page 85 and 86:
C. Relevant Information Regarding I
Page 87 and 88:
The prices that the Company and thi
Page 89 and 90:
In order to reconcile the amounts o
Page 91 and 92:
2. Analysis of Business Results Yea
Page 93 and 94:
6. Risk Management 6.1 Influence of
Page 95 and 96:
6.5.2 Server Product Series: Due to
Page 97 and 98:
Item Status 3. Designation of super
Page 99 and 100:
1. Information on Affiliates 1.1 Co
Page 101 and 102:
1.1.2 Affiliated Companies—Basic
Page 103 and 104:
1.1.3 Business and Inter-Relationsh
Page 105 and 106:
1.1.4 Directors, Supervisors, Gener
Page 107 and 108:
Company Name Title Name or Represen
Page 109:
1.1.5 Operations Overview of Afflia
show all

Contents - MiTAC

Create successful ePaper yourself

Delete template?

Save as template?