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Weltrend 2016 Annual General Shareholders’ Meeting Resolutions
2016-06-08
Hsinchu, Taiwan, June 8, 2016 – Weltrend Semiconductor (TAIEX: 2436) today held its 2016 Annual General Shareholders’ Meeting, which passed the following major resolutions: |
1.Acknowledged the 2015 Business Report and Financial Statements. Consolidated revenue for 2015 totaled NT$1.78 billion and net income was NT$121.85 million with earnings per share of NT$0.55. |
2.Approved the distribution of a NT$0.5 cash dividend per common share. |
3.Approved the Amendment to the Company’s Articles of Incorporation. |
4.Elected Weltrend’s 10th Board of Directors and Supervisors. The seven Directors are Sam Lin, James Chou, JC Liu, Cindy Guo, Tony Lin, Gerald Kuo, Wei-Kun Yeh, of which Gerald Kuo and Wei-Kun Yeh are independent directors. The three Supervisors are Paul Liao, Jeff Tsai, Ken Hwang. |
5.Approved Amendment to Rules for Director and Supervisor Elections. |
6.Approved to release the prohibition on newly elected Directors from participation in competing business. |
About Weltrend Semiconductor Inc. |
Founded in 1989 in the "Silicon Valley of Taiwan", the Science-Based Industrial Park (SBIP) in Hsinchu, Weltrend (TAIEX: 2436) is a leading fabless semiconductor company, also known as IC design house, specializing in the planning, design, testing, application development and distribution of mixed-signal/digital IC products across multiple applications. |