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date title
2017-06-08 Announcement of the list of Company’s newly-elected Directors and Independent Directors in 2017 Annual Shareholders’ Meeting
Announcement of the list of Company’s newly-elected Directors and Independent Directors in 2017 Annual Shareholders’ Meeting

Date of occurrence of the change

:

June 8, 2017

Appointment of or changed personnel (juristic-person director, juristic-person supervisor, independent director, natural-person director or natural-person supervisor)

:

Juristic-person director, independent director, natural-person director.

Title, name and resume of the replaced personnel

:

  1. Natural-person Director:

Liou Jenq Lin / Chairman of Eastern Technologies Holding Limited

  1. Natural-person Director:

Pai Chin Chang / President of Eastern Technologies Holding Limited

  1. Natural-person Director:

Chang Tung I / Director of Eastern Technologies Holding Limited

  1. Juristic-person Director:

Eastech Electronics (Taiwan) Inc. / Director of Eastern Technologies Holding Limited

  1. Independent Director:

Shiau Fung Shyung / Independent Director of Eastern Technologies Holding Limited

  1. Independent Director:

Chang Shan Juh / Independent Director of Eastern Technologies Holding Limited

  1. Independent Director:

Chen Ko Hung / Independent Director of Eastern Technologies Holding Limited

Title, name and resume of the new personnel

:

  1. Natural-person Director:

Liou Jenq Lin / Chairman of Eastern Technologies Holding Limited

  1. Natural-person Director:

Pai Chin Chang / President of Eastern Technologies Holding Limited

  1. Natural-person Director:

Chang Tung I / Director of Eastern Technologies Holding Limited

  1. Juristic-person Director:

Eastech Electronics (Taiwan) Inc. / Director of Eastern Technologies Holding Limited

  1. Independent Director:

Shiau Fung Shyung / Independent Director of Eastern Technologies Holding Limited

  1. Independent Director:

Chang Shan Juh / Independent Director of Eastern Technologies Holding Limited

  1. Independent Director:

Chen Ko Hung / Independent Director of Eastern Technologies Holding Limited

Type of change (please enter: “resignation”, “discharge”, “tenure expire”, “death” or “new appointment”

:

Tenure expired

Reason for the change

:

Tenure expired and re-election

Number of shares held by the new personnel at the time of appointment

:

  1. Natural-person Director Liou Jenq Lin : 1,500,400 shares
  2. Natural-person Director Pai Chin Chang : 335,000 shares
  3. Natural-person Director Chang Tung I : 50,000 shares
  4. Juristic-person Director Eastech Electronics (Taiwa) Inc. : 453,000 shares
  5. Independent Director Shiau Fung Shyung : 0 shares
  6. Independent Director Chang Shan Juh : 0 shares
  7. Independent Director Chen Ko Hung : 0 shares

Original term (from ____ to ____)

:

April 30, 2014 to April 29, 2017

Effective date of the new appointment

:

June 8, 2017

Rate of turnover of directors of the same term

:

N/A

Rate of turnover of supervisors of the same term

:

N/A

Rate of turnover of independent director of the same term

:

N/A

Change in one-third or more of directors (“Yes” or “No”)

:

Yes

Any other matters that need to be specified

:

None

2017-06-08 Announcement for the important resolutions of 2017 Annual General Shareholders’ Meeting
Announcement for the important resolutions of 2017 Annual General Shareholders’ Meeting

Date of the shareholders’ meeting

:

June 8, 2017

Important resolutions (1) profit distribution/deficit compensation

:

Adopted the Proposal for Distribution of 2016 Profits (Dividend Per Share: NTD1.11)

Important resolutions (2) amendments of the corporate charter

:

Approved the amendments of the Company’s Articles of Association

Important resolutions (3) business report and financial statements

:

Adopted the Business Report and Consolidated Financial Statements for financial year 2016

Important resolutions (4) elections of board of directors and supervisors

:

Newly-elected Directors

  • Liou Jenq Lin
  • Pai Chin Chang
  • Chang Tung I
  • Eastech Electronics (Taiwan) Inc.

Newly-elected Independent Directors:

  • Shiau Fung Shyung
  • Chang Shan Juh
  • Chen Ko Hung

Important resolutions (5) other proposals

:

  1. Proposal on the change of the Company’s English name:

Approved (The English name is changed as Eastech Holding Limited)

        2. Proposal on the amendments of the Company’s Rules of Procedures for Shareholders’ Meeting:

Approved

         3. Proposal on the amendments of the Company’s Procedures on Election of Directors:

          Approved

         4. Proposal on the amendments of the Company’s Procedures for Acquisition or Disposal of Assets:

Approved

          5. Proposal on the amendments of the Company’s Procedures for Funds Advanced to Other Parties:

Approved

          6. Proposal on the issuance of new Restricted Shares Plan:

Approved

         7. Proposal on the release of the newly-elected Directors and the Representative from non-competition restrictions:

Approved

Any other matters that need to be specified

:

None

2017-05-24 Announcement for completion of the capital reduction as a result of the cancellation of Restricted Employee Shares
Announcement for completion of the capital reduction as a result of the cancellation of Restricted Employee Shares

Date of the Competent Authority’s approval of the capital reduction

:

June 3, 2017

Date of completion of capital amendment registration

:

May 24, 2017

Effect on the company financial report (including any discrepancy between the amount of paid-in-capital and the number of shares outstanding and the effect on net worth per share)

:

  1. Before the completion of capital amendment registration of capital reduction:  

The amount of paid-in-capital was NTD615,020,000; the number of common shares issued was 61,502,000; the number of common shares outstanding was 61,502,000. Net worth per share was NTD23.019 based on the consolidated financial statements at March 31, 2017.

  1. After the completion of capital amendment registration of capital reduction:

The amount of paid-in-capital was NTD614,980,000; the number of common shares issued was 61,498,000; the number of common shares outstanding was 61,498,000. Net worth per share was NTD23.020 based on the consolidated financial statements at March 31, 2017.

  1. The number of cancelled shares was 4,000 shares (which was insignificant as % of the total number of shares outstanding), and the change in net assets per share before and after cancellation was not significant which did not cause significant impact to the consolidated financial statements of the Company.

Planned share conversion operations

:

Not applicable

Estimate listed shares after the capital reduction

:

Not applicable

The estimate ratio of listed shares to the company’s issued common shares after the capital reduction

:

Not applicable

Countermeasures of the lower circulation in shareholding, if the aforesaid estimate listed common shares does not reach 60 million shares and the ration does not reach 25% after the capital reduction

:

Not applicable

Any other matters that need to be specified

:

None

2017-04-19 Announcement of the Board of Directors resolution on the issuance of New Restricted Employee Shares
Announcement of the Board of Directors resolution on the issuance of New Restricted Employee Shares

Resolution date of the board of directors

:

April 19, 2017

Expected issue price

:

The issue price is NTD0

Expected total amounts (shares) of issuance

:

A total of 500,000 common shares, each share having a par value of NTD10, for a total amount of NTD5,000,000.

Vesting conditions

:

Employees who are granted with the restricted employees shares should remain employed by KYET Group within 1 year or more from the time of the award of the new restricted employee shares and have achieved the required individual performance rating.

The proportions of shares are granted to employees according to the respective vesting conditions reached as follows:

  1. Remain employed after 1 year from the time of the award: 25%
  2. Remain employed after 2 years from the time of the award: 25%
  3. Remain employed after 3 years from the time of the award: 25%
  4. Remain employed after 4 years from the time of the award: 25%

Measures to be taken when employees fail to meet the vesting conditions or in the event of inheritance

:

KYET will withdraw issued shares without compensation and cancel all shares granted to employees who fail to meet the vesting conditions.

Other terms and conditions of issuance

:

None

Qualification requirements for employees

:

  1. Restricted to full-time regular employees of KYET Group whose employments are already confirmed by the date that new restricted employee shares are awarded.
  2. The employees who will be awarded new restricted employee shares and the numbers of such shares awarded will be decided by the President and then approved by the Board of Directors, with consideration given to factors such as seniority, job rank, work performance, overall contribution, special merit or other administrative conditions requiring consideration.  However, for employees who are officers or hold management positions, the award of such shares is subject to approval by the Remuneration Committee first.
  3. The limit for the number of restricted employees shares granted to individual employee should be dealt with in accordance with the applicable laws and regulations.

The reason why it is necessary to issue restricted stocks for employees

:

To attract and retain professional talents needed by KYET, and to provide incentive to employees and enhance employee commitment, so as to jointly create benefit to the company and its shareholders.

Calculated expense amount

:

The current issuance of the restricted employee shares is a total of 500,000 common shares which are not allowed to transfer before meeting the vesting conditions.

The estimated total possible expenses for the issuance of the restricted employee shares is approximately NTD16,800,000 calculated based on the closing share price on April 11, 2017 being NTD33.60 per share.

Dilution of EPS

:

According to the vesting conditions, the annual amortized expenses from 2017 to 2021 will be projected as NTD1,575,000, NTD4,200,000, NTD4,200,000, NTD4,200,000 and NTD2,625,000 respectively.  The EPS dilution from 2017 to 2021 will be projected as NTD0.03, NTD0.07, NTD0.07, NTD0.07 and NTD0.04.  [Based on the number of current outstanding shares 60,749,000 shares (after deducting the treasury shares held by KYET or its subsidiaries)].  Since the potential impact to EPS is limited, we do not expect any material impact to shareholders’ equity.

Other factors affecting shareholder’s equity

:

Apart from the above impact, the issuance of the new restricted employees shares will increase the share capital.  According to the current outstanding 60,749,000 shares issued, the % of share capital increment is 0.82% and thus it does not cause a material impact to shareholders’ equity.

Restricted rights before employees meet the vesting conditions

:

  1. During the vesting period, an employee may not sell, pledge, transfer, give to another person, create any encumbrance on, or otherwise dispose of, new restricted employee shares.
  2. During the vesting period, the new restricted employee shares can participate in stock and cash dividends and subscription of shares by cash, same as the issued ordinary shares.
  3. After issuance, the new restricted employee shares must immediately be deposited in trust or custody.  During the vesting period, there is no reason or way to request the trustee or custodian banks for return of the shares.

Other important stipulations

:

After issuance, the new restricted employee shares must immediately be deposited in trust.  Before achieving to the conditions to grant, the employees should delegate the trust agent or custodian banks to attend, propose, speak, vote and execute other matters related to shareholders’ rights in the shareholders’ meeting.

Any other matters that need to be specified

:

None

2017-04-19 KYET Board of Directors resolved to convene 2017 Annual General Meeting of Members (“AGM”) – supplementary announcement
KYET Board of Directors resolved to convene 2017 Annual General Meeting of Members (“AGM”) – supplementary announcement

Date of the board of directors resolution

:

April 19, 2017

Date for convening the shareholders’ meeting

:

June 8, 2017

Location for convening the shareholders’ meeting

:

Raphael of GisNTU Convention Center, B1, No. 85, Sec. 4, Roosevelt Rd., Zhongzheng Dist., Taipei 100, Taiwan R.O.C.

Cause or subjects for convening the meeting

:

  1. Report items:
  1. Business report of financial year 2016
  2. Audit Committee’s review report of financial year 2016
  3. Distribution of directors’ and staff’s remuneration for the financial year 2016
  1. Matters for Ratification:
  1. Adoption of the Business Report and Consolidated Financial Statements for financial year 2016
  2. Adoption of the Proposal for Distribution of 2016 Profits
  1. Matters for Discussion:
  1. Proposal on the change of the Company’s English name
  2. Proposal on the amendments of the Company’s Articles of Association
  3. Proposal on the amendments of the Company’s Rules of Procedures for Shareholders’ Meeting
  4. Proposal on the amendments of the Company’s Procedures on Election of Directors
  5. Proposal on the amendments of the Company’s Procedures for Acquisition or Disposal of Assets
  6. Proposal on the amendments of the Company’s Procedures for Funds Advanced to Other Parties
  7. Proposal on the issuance of new Restricted Employee Shares Plan
  1. Elections:

The fourth election of the Company’s Directors

  1. Other Proposals:

Release the newly-elected Directors and the Representative from non-competition restrictions.

       6. Extemporary Motions:

           None

Book closure starting date

:

April 10, 2017

Book closure ending date

:

June 8, 2017

Any other matters that need to be specified

:

The shareholders of the Company can exercise their voting rights by electronic form, during the period from May 9, 2017 to June 5, 2017.  Please log in to the “Shareholder eTicket” website of Taiwan Depository & Clearing Corporation and vote in accordance with the instructions. [website: www.stockvote.com.tw]

2017-03-10 KYET will hold the Investor Conference on March 10, 2017
KYET will hold the Investor Conference on March 10, 2017

Date of the investor conference

:

March 10, 2017

Time of the investor conference

:

2:30 pm (Taiwan time)

Location of the investor conference

:

4th Floor, Tatung Yuanta Securities (4F, No 225, Sec. 3, Nanjing E. Rd., Zhongshan Dist., Taipei)

Brief information disclosed in the investor conference

:

The Company will report the company’s operational and financial results for the financial year 2016.

The presentation of the investor conference release

:

After the Investor Conference, the presentation material will be posted on TWSE’s Market Observation Post System and KYET’s website.

Will the presentation be released in the Company’s website

:

The presentation will be released on www.kyetek.com

Any other matters that need to be specified

:

None

2017-02-20 Announcement of the proposal of dividend distribution
Announcement of the proposal of dividend distribution

Date of the board of directors resolution

:

February 20, 2017

Appropriations of earnings in cash dividends to shareholders (NTD per share)

:

NTD1.11 per share

Cash distributed from legal reserve and capital surplus to shareholders (NTD per share)

:

None

Total amount of cash distributed to shareholders (NTD)

:

NTD68,267,000

Appropriations of earnings in stock dividends to shareholders (NTD per share)

:

None

Stock distributed from legal reserve and capital surplus to shareholders (NTD per share)

:

None

Total amount of stock distributed to shareholders (shares)

:

None

Any other matters that need to be specified

:

None

2017-02-20 KYET Board of Directors resolved to convene 2017 Annual General Meeting of Members
KYET Board of Directors resolved to convene 2017 Annual General Meeting of Members

Date of the board of directors resolution

:

February 20, 2017

Date for convening the shareholders’ meeting

:

June 8, 2017

Location for convening the shareholders’ meeting

:

Raphael of GisNTU Convention Center, B1, No. 85, Sec. 4, Roosevelt Rd., Zhongzheng Dist., Taipei 100, Taiwan R.O.C.

Cause or subjects for convening the meeting

:

  1. Report Items:
  1. Business report of financial year 2016
  2. Audit Committee’s review report of financial year 2016
  3. Distribution of directors’ and staff’s remuneration for the financial year 2016
  1. Matters for Ratification:
  1. Adoption of the Business Report and Consolidated Financial Statements for financial year 2016
  2. Adoption of the Proposal for Distribution of 2016 Profits
  1. Matters for Discussion:
  1. Proposal on the issuance of new Restricted Employee Shares Plan
  1. Elections:

The fourth election of the Company’s Directors

  1. Other Proposals:

Release the newly-elected Directors and the Representative from non-competition restrictions

  1. Extemporary Motions:
  2.  

Book closure starting date

:

April 10, 2017

Book closure ending date

:

June 8, 2017

Any other matters that need to be specified

:

  1. The shareholders of the Company can exercise their voting rights by electronic form, during the period from May 9, 2017 to June 5, 2017.  Please log in to the “Shareholder eTicket” website of Taiwan Depository & Clearing Corporation and vote in accordance with the instructions. [website: www.stockvote.com.tw]
  2. The time frame for the acceptance of proposed resolutions from shareholders with 1% or more shareholding will be from March 31, 2017 to April 10, 2017.  All submissions should be addressed in writing to KYET office in Taiwan. (Address: 8F-1, No. 188, Baoqiao Road, Xindian Dist., New Taipei City 23145, Taiwan R.O.C.)

Archive

date title
2016-12-12 The Board of Directors Resolved the Record Date of issuing Restricted Shares to Employees for Year 2016
The Board of Directors Resolved the Record Date of issuing Restricted Shares to Employees for Year 2016

Date of occurrence of the event

:

December 12, 2016

Company name

:

Eastern Technologies Holding Limited

Relationship to the Company (please enter “head office” or “subsidiaries”)

:

Head office

Reciprocal shareholding ratios

:

Not applicable

Cause of occurrence

:

  1. With resolution from the Annual General Shareholders’ Meeting on May 11, 2016, the Company plans to issue restricted stocks to employees for year 2016 with 500,000 shares at par value of NTD10 per share.  The Financial Supervisory Commission (“FSC”) approved the application for issuance effective on June 29, 2016 and FSC approval registration number is 1050024865.
  2. The Board resolved to issue 500,000 shares on December 12, 2016 and the record date of issuance is December 20, 2016.  The Chairman has been authorized to reschedule the record date and handle any other relevant issues if needed.

Countermeasures

:

None

Any other matters that need to be specified

:

None

2016-10-13 Announcement for the withdrawal of the issuance of New Shares for cash capital increase
Announcement for the withdrawal of the issuance of New Shares for cash capital increase

Date of occurrence of the event

:

October 13, 2016

Date of the original public announcement and reporting

:

March 23, 2016

Summary of the content originally publicly announced and reported

:

The Board of Directors resolved the issuance of New Shares of cash capital increase.

Reason for, and major content of, the change

:

The recent political and economic unrest results in fluctuation in domestic capital markets, which increases the uncertainly to raise fund through issuing new common shares, therefore, the Company intends to withdraw the issuance of New Shares for cash capital increase with Financial Supervisory Commission.

Effect on the Company’s finances and business after the change

:

The Company will change the funding needs to be financed by its own funds or other means of finance, accordingly, there’s no major impacts on the Company’s financial and business operation.

Any other matters that need to be specified

:

  1. According to the letter No. 1050016576 from Financial Supervisory Commission received on May 18, 2016, the Company is permitted to issue new common shares by public offering.  The new issue is set at 10,000,000 shares with par value of NTD10 per share.  On July 29, 2016, the Company applied for an extension of the period for issuing new shares to November 17, 2016.  The Financial Supervisory Commission has approved the extension according to the letter No. 1050030364 issued on August 3, 2016.
  2. The Board of Directors has authorized the Chairman to deal with other relevant matters on the issuance of New Shares for cash capital increase on March 23, 2016, therefore, the withdrawal of issuance has been approved by the Chairman on October 13, 2016 for further proceedings.
  3. The withdrawal of the issuance is not yet approved by Financial Supervisory Commission, the Company will post another announcement once the approval letter is received.
2016-05-11 Announcement for the important resolutions of 2015 Annual General Shareholders’ Meeting
Announcement for the important resolutions of 2015 Annual General Shareholders’ Meeting

Date of the shareholders’ meeting

:

May 11, 2016

Important resolutions

:

  1. Approved Amendments to the Articles of Association
  2. Adopted the Business Report and Consolidated Financial Statements for financial year 2015
  3. Adopted the Proposal for Distribution of 2015 Profits (Dividend Per Share: NTD3)
  4. Approved the Proposal on the issuance of new Restricted Employee Shares Plan

Endorsement of the annual financial statements (indicate “yes” or “no”)

:

Yes

Any other matters that need to be specified

:

None

2016-05-11 The Company announced to adjust cash dividend ratio
The Company announced to adjust cash dividend ratio

Date of the resolution of the board of directors’ or shareholders’ meeting

:

May 11, 2016

Type and monetary amount of original dividend distribution

:

Cash dividend NTD183,006,000, each common shares is entitled to receive NTD3

Type monetary amount of dividend distribution after the change

:

Cash dividend NTD183,006,000, each common share is entitled to receive NTD3.01482653

Reason for the change

:

The Company repurchased 300,000 treasury shares and did not transfer them to the staff. These treasury shares are not entitled to the dividend distribution pursuant to applicable law, the number of outstanding common shares is reduced by 300,000 shares accordingly.  As a result, the cash dividend ratio is adjusted.

Any other matters that need to be specified

:

None

2016-05-11 The Board resolved the record date for the distribution of dividend and closing period for the share transfers
The Board resolved the record date for the distribution of dividend and closing period for the share transfers

Date of the resolution of the board of directors’ or shareholders’ meeting or decision by the Company

:

May 11, 2016

Type of ex-rights or ex-dividend (please enter: “Ex-rights”, “Ex-dividend”, or “Ex-rights and dividend”)

:

Ex-dividend

Type and monetary amount of dividend distribution

:

Cash dividend for common share NTD183,006,000 (NTD3.01482653 / per share)

Ex-rights (ex-dividend) trading date

:

May 27, 2016

Last date before book closure

:

May 30, 2016

Book closure starting date

:

May 31, 2016

Book closure ending date

:

June 4, 2016

Ex-rights (ex-dividend) record date

:

June 4, 2016

Any other matters that need to be specified

:

None

2016-03-03 KYET will hold the Investor Conference on March 3, 2016
KYET will hold the Investor Conference on March 3, 2016

Date of the investor conference

:

March 3, 2016

Time of the investor conference

:

2:30 pm (Taiwan time)

Location of the investor conference

:

4th Floor Tatung Yuanta Securities (4F, No. 225, Sec. 3, Nanjing E. Rd., Zhongshan Dist., Taipei)

Brief information disclosed in the investor conference

:

The Company will report the company’s operational and financial results for the financial year 2015.

The presentation of the investor conference release

:

After the Investor Conference, the presentation material will be posted on TWSE’s Market Observation Post System and KYET’s website.

Will the presentation be released in the Company’s website

:

The presentation will be released on www.kyetek.com

Any other matters that need to be specified

:

None

2016-02-22 Announcement of the proposal of dividend distribution
Announcement of the proposal of dividend distribution

Date of the board of directors resolution

 :

February 22, 2016

Appropriations of earnings in cash dividends to shareholders (NTD per share)

 :

NTD3

Cash distributed from legal reserve and capital surplus to shareholders (NTD per share)

 :

None

Total amount of cash distributed to shareholders

 :

NTD183,006,000

Appropriations of earnings in stock dividends to shareholders (NTD per share)

 :

None

Stock distributed from legal reserve and capital surplus to shareholders (NTD per share)

 :

None

Total amount of stock distributed to shareholders (shares)

 :

None

Any other matters that need to be specified

 :

None

2016-02-22 KYET Board of Directors resolved to convene 2016 Annual General Meeting of Members (“AGM”)
KYET Board of Directors resolved to convene 2016 Annual General Meeting of Members (“AGM”)

Date of the board of directors resolution

:

February 22, 2016

Date for convening the shareholders’ meeting

:

May 11, 2016

Location for convening the shareholders’ meeting

:

Raphael of GisNTU Convention Center, B1, No. 85, Sec. 4, Roosevelt Rd., Zhongzheng Dist., Taipei 100, Taiwan R.O.C.

Cause or subjects for convening the meeting

:

  1. Discussion Matter (I)
  1. Amendments to the Articles of Association
  1. Reporting Matter
  1. Business report of financial year 2015
  2. Audit Committee’s review report of financial year 2015
  3. Distribution of directors’ and staff’s remuneration for the financial year 2015
  4. Implementation of Share Buyback Program
  5. Amendments of the Producers for Ethical Management and Guidelines for Conduct
  1. Adoption Matter
  1. Adoption of the Business Report and Consolidated Financial Statements for financial year 2015
  2. Adoption of the Proposal for Distribution of 2015 Profits
  1. Discussion Matter (II)
  1. Proposal on the issuance of new Restricted Employee Shares Plan
  1. Extempore Motion

Book closure starting date

:

March 13, 2016

Book closure ending date

:

May 11, 2016

Any other matters that need to be specified

:

The time frame for the acceptance of proposed resolutions from shareholders with 1% or more shareholding will be from March 7, 2016 to March 17, 2016. All submissions should be addressed in writing to KYET office in Taiwan. (Address: 8F-1, No. 188, Baoqiao Rd., Xindian Dist., New Taipei City 23145, Taiwan R.O.C.)