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Issued by: Chang Wah Electromaterials Inc.
Issued on: November 5, 2024

Chang Wah Electromaterials (CWE, 8070.tw) convened a Board of Directors meeting on the 5th, during which several key resolutions were approved. These included the declaration of a cash dividend of NT$0.7 per share for the first half of 2024, with the ex-dividend date set for December 27, 2024. The Board also approved the reviewed consolidated financial report for the third quarter of 2024. The Company posted consolidated revenue of NT$4,466 million for the quarter, a gross margin of 23%, and net profit attributable to owners of the Corporation of NT$439 million. After-tax earnings per share (EPS) was NT$0.63.

2024 First-Half Earnings Distribution Plan
The Board of Directors has approved the 2024 first-half earnings distribution plan, proposing a cash dividend of NT$0.7 per share, an increase from NT$0.54 per share for the same period in 2023. The record date is set for December 27, with the ex-dividend trading date on December 19. Stock transfers for common shares will be suspended from December 23 to 27. Dividends are scheduled for distribution on January 17, 2025. The proposal, approved by the Board, will be submitted for ratification at the 2025 Annual Shareholders Meeting.

CWE has adopted a semi-annual dividend distribution policy, committing to distribute 50% of the available earnings as dividends every six months. With a prudent investment strategy, CWE has achieved significant capital gains. In recognition of shareholders' support for the Company, the distribution will also include gains from the sale of stocks in the first half of the year as part of the distributable earnings. In light of this, the Board of Directors has resolved to propose a cash dividend of NT$0.7 per share.

CWE has achieved steady growth in its materials and equipment agency business, while the Group's investees remain focused on transformation initiatives aimed at securing sustainable development. The Company's strong performance supports its commitment to a stable growth dividend policy, with the ongoing goal of increasing annual cash dividends year-over-year.

Consolidated Financial Report for the Third Quarter of 2024
CWE's consolidated financial report for the third quarter of 2024 was approved by the Board on the 5th. The Company reported consolidated revenue of NT$4,466 million for the quarter, representing a 5% quarter-over-quarter increase and a 12% year-over-year increase, demonstrating growth on both fronts. Revenue growth, along with product portfolio optimization and price adjustments, led to concurrent increases in both gross profit and operating income, showing positive quarterly and annual growth. However, due to lower non-operating income compared to the previous quarter and the same period last year, net profit attributable to owners of the Corporation was NT$439 million, a 12% decrease quarter-over-quarter and a 21% decrease year-over-year. Earnings per share, based on a par value of NT$1 per share, amounted to NT$0.63.

For the first three quarters of 2024, CWE reported consolidated revenue of NT$12,739 million, reflecting a 3% year-over-year increase. Gross margin stood at 20%, up by 2% compared to the same period last year. Net profit attributable to the parent company was NT$1,256 million, reflecting an 8% decline from the previous year. Based on a par value of NT$1 per share, after-tax earnings per share (EPS) amounted to NT$1.84, equivalent to earning 1.84 times the capital.

For CWE's financial data, please refer to the table below or visit the official website at:https://www.cwei.com.tw/