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Issued by: Chang Wah Electromaterials Inc.
Issued on: May 29, 2025

Chang Wah Electromaterials Inc. (Chang Wah*, 8070) held its 2025 Annual Shareholders' Meeting on May 29. At the meeting, shareholders approved the earnings distribution proposal, confirming a full-year cash dividend of NT$2.7 per share. Other major resolutions included the approval of the 2024 business report and financial statements. For the year, the Company reported net profit attributable to owners of the Corporation of NT$1,592 million and after- tax earnings per share (EPS) of NT$2.32. The meeting also completed the election of the Company's 13th-term Board of Directors. At a subsequent Board meeting, Mr. Chuen-Sing Hung was re-elected as Chairman.

Shareholders approved several key resolutions, including the distribution of a cash dividend of NT$2.7 per share for 2024. Of this amount, NT$0.7 per share was paid on January 17, 2025, as an interim dividend for the first half of the year. The ex-dividend date for the remaining NT$2 per share dividend relating to the second half of the year is June 19, with payment scheduled for July 18. Based on the closing share price of NT$48.3 on May 29, the full-year dividend yield is 5.59%.

The meeting also ratified the 2024 financial statements. The Company reported consolidated revenue of NT$17,231 million, representing a 4% year-over-year increase. Gross profit rose 14% to NT$3,505 million, while operating income grew 15% to NT$1,925 million. Net profit attributable to owners of the parent increased 8% to NT$1,592 million, with EPS of NT$2.32, up 6% from 2023. Based on a par value of NT$1 per share, this translates to a return of 2.32 times the capital.

During the meeting, shareholders also elected seven directors to the 13th-term Board. The elected directors are Mr. Chuen-Sing Hung, representative of Juan Yao Investment Co., Ltd.; Mr. Gary Huang and Ms. Hsing-Chuan Li, representatives of Bei Sih Jie Investment Co., Ltd.; and Ms. Lulu Huang, representative of Wah Lee Industrial Corp. The three independent directors elected are Mr. Chi-Chuan Kong, Mr. Yi-Yuan Huang, and Ms. Siao-Ling Syu. Notably, the newly formed Board includes three female directors, reflecting the Company’s ongoing commitment to promoting gender diversity and balanced governance in line with the Corporate Governance 3.0 Roadmap. The new Board convened immediately after the election and unanimously re-elected Mr. Chuen-Sing Hung as Chairman.

Looking ahead, Chairman Chuen-Sing Hung stated that Chang Wah's materials and equipment agency business continues to grow steadily, while its investee companies are actively advancing strategic transformation initiatives. Among them, subsidiary Chang Wah Technology Co., Ltd. has made notable progress in the development of Mini LED and advanced lead frame products, successfully expanding into both automotive and consumer electronics markets. These efforts are beginning to yield tangible results. With contributions from new products continuing to gain traction, the Company is well positioned to further enhance its profitability. Overall, operating momentum in 2025 is expected to surpass that of 2024. In line with continued business growth, Chang Wah remains committed to a stable dividend policy, with a goal of increasing annual cash dividends year over year.

For detailed financial information, please refer to the table below or visit the Company's official website:https://www.cwei.com.tw/