Taipei, Taiwan, R.O.C. June 25, 2013 - Chunghwa Telecom Co., Ltd. (“CHT”, TAIEX: 2412, NYSE: CHT) today held its annual general meeting. The meeting was hosted by Chairman Yen-Sung Lee. Shareholders in attendance represented 5,338,996,049 shares, or 68.82% of total outstanding shares.
The Company’s report on business operations, financial statements and the proposal for 2012 earnings distribution were ratified by shareholders. In addition, the meeting passed proposals including:
- The proposal for a cash distribution from capital surplus,
- The amendment to the “Articles of Incorporation”
- The amendment to the “Procedures for Acquisition and Disposal of Assets”
- The amendment to the “Procedures for Lending of Capital to Others”
- The amendment to the “Operational Procedures for Endorsements and Guarantees”
- The election of the Company’s Directors:
-Directors: Yen-Sung Lee, Mu-Piao Shih, Yu-Fen Hong, Jih-Chu Lee, Gordon S. Chen, Yi-Bing Lin, Su-Ghen Huang, Shih-Peng Tsai, representing MOTC -Independent directors: Chung-Yu Wang, Zse-Hong Tsai, Rebecca Chung- Fern Wu, Tain-Jy Chen and Yun-Tsai Chou.
The 2012 earnings distribution proposal was also passed in the meeting. Board directors and supervisors will receive remuneration that totals NT$37,483,664 in cash, and employees will be distributed cash bonuses that total NT$1,533,081,870. The dividend per common share is NT$4.6295 in cash. The total amount of payment to shareholders will be NT$5.35 per share including special cash dividend of NT$0.7205 per share.
About Chunghwa Telecom
Chunghwa Telecom (TAIEX 2412, NYSE: CHT) is the leading telecom service provider in Taiwan. Chunghwa Telecom provides fixed line, mobile and Internet services to residential and business customers in Taiwan.
For inquiries:
Fu-fu Shen
Investor Relations
+886 2 2344 5488