Chunghwa Telecom holds 2014 Annual General Meeting

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Taipei, Taiwan, R.O.C. June 24, 2014 - Chunghwa Telecom Co., Ltd. (“CHT”, TAIEX: 2412, NYSE: CHT) today held its annual general meeting. The meeting was hosted by Chairman Lih-Shyng Tsai. The shareholders in attendance represented 5,606,419,358 shares, or 72.27% of total outstanding shares.

The Company’s report on business operations, financial statements and the proposal for 2013 earnings distribution were ratified by shareholders. In addition, the following resolutions were passed at the meeting:

  1. The proposal for cash distribution from capital surplus
  2. The amendment to the “Articles of Incorporation”
  3. The amendment to the “Procedures for Acquisition or Disposal of Assets”
  4. The proposal to release non-compete restrictions on directors

The 2013 earnings distribution proposal was passed in the meeting. Board directors and supervisors will receive remuneration that totals NT$19,303,489 in cash, and employees will be distributed cash bonuses that total NT$758,627,105. The dividend per common share is NT$2.3881 in cash. The total amount of payment to shareholders will be NT$4.5251 per share including special cash dividend of NT$2.1370 per share.

About Chunghwa Telecom

Chunghwa Telecom (TAIEX 2412, NYSE: CHT) is Taiwan’s leading telecom service provider. Chunghwa provides fixed line, mobile, broadband access, and internet services. The Company also provides information and communication technology services to corporate customers.

Taipei, Taiwan, R.O.C. June 24, 2014 - Chunghwa Telecom Co., Ltd. (“CHT”, TAIEX: 2412, NYSE: CHT) today held its annual general meeting. The meeting was hosted by Chairman Lih-Shyng Tsai. The shareholders in attendance represented 5,606,419,358 shares, or 72.27% of total outstanding shares.

The Company’s report on business operations, financial statements and the proposal for 2013 earnings distribution were ratified by shareholders. In addition, the following resolutions were passed at the meeting:

  1. The proposal for cash distribution from capital surplus
  2. The amendment to the “Articles of Incorporation”
  3. The amendment to the “Procedures for Acquisition or Disposal of Assets”
  4. The proposal to release non-compete restrictions on directors

The 2013 earnings distribution proposal was passed in the meeting. Board directors and supervisors will receive remuneration that totals NT$19,303,489 in cash, and employees will be distributed cash bonuses that total NT$758,627,105. The dividend per common share is NT$2.3881 in cash. The total amount of payment to shareholders will be NT$4.5251 per share including special cash dividend of NT$2.1370 per share.

About Chunghwa Telecom

Chunghwa Telecom (TAIEX 2412, NYSE: CHT) is Taiwan’s leading telecom service provider. Chunghwa provides fixed line, mobile, broadband access, and internet services. The Company also provides information and communication technology services to corporate customers.

News Source : Chunghwa Telecom holds 2014 Annual General Meeting
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