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Issued by: Chang Wah Electromaterials Inc.
Issued on: March 12, 2025

Chang Wah Electromaterials (CHANG WAH, 8070) held a Board of Directors meeting on March 12, during which the Company approved its dividend policy for the second half of 2024. The Board declared a cash dividend of NT$2 per share. With the dividend distributed from first-half earnings, the total cash dividend for 2024 amounted to NT$2.7 per share, marking a record high. Additionally, the Board approved the audited 2024 consolidated financial statements. The Company reported consolidated revenue of NT$17.23 billion, a gross margin of 20%, and net profit attributable to owners of the Corporation of NT$1.592 billion. Based on shares with a par value of NT$1 per share, after-tax earnings per share (EPS) reached NT$2.32, equivalent to a return of 2.32 times the capital.

Dividend Policy for the Second Half of 2024
The Board approved a cash dividend of NT$2 per share for the second half of 2024, consisting of NT$1.90425014 from earnings and NT$0.09574986 from capital surplus. Combined with the cash dividend of NT$0.7 per share from first-half earnings, the total cash dividend for 2024 reached NT$2.7 per share, exceeding the 2023 level and aligning with management’s commitment to increase annual cash dividends. Adjusted to a par value of NT$10 per share, the 2024 cash dividend represents the highest in the Company's history. The annual payout ratio stands at 116%, consistent with 2023, both at historically high levels. CHANG WAH maintains a strong cash position, supported by stable net profits from core operations, continuous dividend income, and substantial capital gains from the disposal of non-core business investments. This solid financial foundation enables the Company to sustain excess dividend distributions.

2024 Full-Year Consolidated Financial Results
The Board of Directors also approved the audited 2024 consolidated financial statements. The Company reported full-year consolidated revenue of NT$17.23 billion, reflecting a 4% increase from 2023. Operating profit reached NT$1.92 billion, representing a 15% year-over-year growth. Benefitting from foreign exchange gains and other non-operating income, net profit attributable to owners of the Corporation rose to NT$1.592 billion, an 8% increase from the previous year. EPS stood at NT$2.32, marking a 6% year-over-year growth. Based on shares with a par value of NT$1 per share, the EPS equaled NT$2.32, equivalent to a return of 2.32 times the capital.

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