Sunplus Technology Co., Ltd. (SUNPLUS or the "Company") (TAIEX: 2401, FTSE : SUPD), today held the annual shareholders meeting, at which the shareholders approved the distribution of stock dividends at 10% plus a cash dividend of NT$2.0 per common share.
The other major conclusions of this shareholders' meeting
are as follow:
1. Shareholders accepted the financial results for 2002.
Net sales for FY2002 were NT$8,636 million and net income
was NT$2,116 million, with an earnings per share of NT$3.03.
2. Shareholders approved the capitalization of dividends and employee profit sharing to be distributed from fiscal year 2002 profits and capital reserves. The company will distribute stock dividend as 100 shares of per 1,000 shares from capital surplus, which is equivalent to 69,495,000 common shares and issue 13,059,000 shares as employees stock bonus from earnings. Issuance of new shares totaled 82,554,000 common shares. The total outstanding shares after dividend will be 777,504,000 shares.
3. Shareholders elected new directors and supervisors. The new directors are Chou-Chye Huang, Yarn-Chen Chen, Bing-Huang Shih, Hou-Shien Chu, Ritek Corporation and Hsien-Cheng Liu. Supervisors are Global View Technology, Duen-Chian Cheng and Liang-Chung Chang.