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Taiwan Stock Exchange
Select: Date [Year/Month]
Enter: Stock Code [7717]
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Shareholder Services Agent
China Trust Commercial Bank, Ltd. – Agency Department
Address: 5F, No. 83, Section 1, Chongqing South Road, Zhongzheng District, Taipei City
Phone: (+886) 2-6636-5566
Investor Relations
Lightel Corporation
Contact Person:：Benson Shen, CEO
Phone： +886-2-2222-8699
Email：IR@lightel.com
Taiwan Stock Exchange
Select: Date [Year/Month]
Enter: Stock Code [7717]
Click: [Search]
Shareholder Services Agent
China Trust Commercial Bank, Ltd. – Agency Department
Address: 5F, No. 83, Section 1, Chongqing South Road, Zhongzheng District, Taipei City
Phone: (+886) 2-6636-5566
Investor Relations
Lightel Corporation
Contact Person:：Benson Shen, CEO
Phone： +886-2-2222-8699
Email：IR@lightel.com
Dividend Policy
Subject to the Act, when allocating the earnings for each fiscal year, the Company shall, after paying all or reserving such amounts for applicable taxes and offsetting losses from previous years, set aside a reserve in accordance with the Applicable Listing Rules or as requested by the competent authorities. The Board may further set aside such sums as it thinks proper as a reserve or reserves which may in the absolute discretion of the Board, either be employed in the business of the Company or be invested in such investments as the Board may from time to time think fit. The remaining balance earnings, together with any undistributed retained earnings accrued from previous years, form the earnings available for distribution, which the Board shall allocate in accordance with the following principles. The term “annual profits” referred to herein shall mean the annual profits for such year before tax without deducting the amount of compensation distributed to the employees and Directors pursuant to these Articles.
(a) not more than 5% of the annual profits of the relevant fiscal year as remuneration to Directors;
(b) not less than 5% and not more than 15% of the annual profits of the relevant fiscal year as remuneration to employees of the Company and of a Subordinated Company; and
(c) not less than 10% of the net profit after tax of the relevant fiscal year as dividends, for the capitalisation of bonus shares and/or bonuses to the Shareholders when the Company’s earnings available for distribution reach 5% of the paid-in capital, in accordance with the Applicable Listing Rules and after the Board’s consideration of the financial, business and operational factors. The cash dividends shall comprise no less than 10% of the dividends declared in such year.
The Board may determine that bonuses and dividends may be declared and paid out of profits of the Company, or from any reserve set aside from profits or undistributed retained earnings accrued from previous years which the Board determines is no longer needed. Bonuses and dividends may also be declared and paid out of the Share Premium Account or any other fund or account which may be authorised for this purpose in accordance with the Act. The allocation of the earnings as bonuses, dividends, retained earnings or otherwise as proposed by the Board shall be resolved by the Shareholders in general meeting.
While the Company is still at the growth stage, any balance earnings together with any undistributed retained earnings accrued from prior years of the Company may be distributed as cash dividends and/or bonus shares in accordance with the Act and Applicable Listing Rules, after taking into consideration the investment environment, capital requirement, domestic and overseas competition environment and capital budget of the Company current or future, as well as shareholders interest, balance of dividend and long term financial plan of the Company. The Board shall specify the exact percentages or amounts to be paid to Directors, employees and distributed to the Shareholders in the proposal for distribution of profits, and submit it for the Shareholders’ approval at a general meeting.
Historical Dividend Distribution:
(a) not more than 5% of the annual profits of the relevant fiscal year as remuneration to Directors;
(b) not less than 5% and not more than 15% of the annual profits of the relevant fiscal year as remuneration to employees of the Company and of a Subordinated Company; and
(c) not less than 10% of the net profit after tax of the relevant fiscal year as dividends, for the capitalisation of bonus shares and/or bonuses to the Shareholders when the Company’s earnings available for distribution reach 5% of the paid-in capital, in accordance with the Applicable Listing Rules and after the Board’s consideration of the financial, business and operational factors. The cash dividends shall comprise no less than 10% of the dividends declared in such year.
The Board may determine that bonuses and dividends may be declared and paid out of profits of the Company, or from any reserve set aside from profits or undistributed retained earnings accrued from previous years which the Board determines is no longer needed. Bonuses and dividends may also be declared and paid out of the Share Premium Account or any other fund or account which may be authorised for this purpose in accordance with the Act. The allocation of the earnings as bonuses, dividends, retained earnings or otherwise as proposed by the Board shall be resolved by the Shareholders in general meeting.
While the Company is still at the growth stage, any balance earnings together with any undistributed retained earnings accrued from prior years of the Company may be distributed as cash dividends and/or bonus shares in accordance with the Act and Applicable Listing Rules, after taking into consideration the investment environment, capital requirement, domestic and overseas competition environment and capital budget of the Company current or future, as well as shareholders interest, balance of dividend and long term financial plan of the Company. The Board shall specify the exact percentages or amounts to be paid to Directors, employees and distributed to the Shareholders in the proposal for distribution of profits, and submit it for the Shareholders’ approval at a general meeting.
Historical Dividend Distribution:
| Year | Dividend per Share (Common Stock) | Shareholders' Meeting Date | Ex-Rights/ Ex-Dividend Date |
Record Date | Payment Date | |
| Stock Dividend (per Share) | Cash Dividend (NTD per Share) | |||||
| 2024 | - | 1.0 | 2025/6/27 | 2025/4/25 | 2025/6/27 | - |
| 2023 | - | 0.3 | 2024/5/30 | - | - | 2024/11/29 |
