China Subsidiary Taiguang Electronic Materials (Huangshi) Resolves Earnings Distribution
Original: 代子公司台光電子材料(黃石)有限公司公告盈餘分配案
Summary
Elite Material (2383) is filing this announcement on behalf of its wholly-owned China-based subsidiary, Taiguang Electronic Materials (Huangshi) Co., Ltd., disclosing approval of a profit distribution plan at the subsidiary level. The resolution determines how accumulated earnings will be allocated, which may affect upstream dividend flows to the listed parent. Full body available on MOPS.
Full Translation
On behalf of subsidiary Taiguang Electronic Materials (Huangshi) Co., Ltd. — Announcement of Earnings Distribution Resolution. Elite Material Co., Ltd. (TWSE: 2383) is acting as the disclosing party on behalf of its China-incorporated subsidiary, Taiguang Electronic Materials (Huangshi) Co., Ltd. (台光電子材料(黃石)有限公司), to announce that a profit/earnings distribution plan (盈餘分配案) has been resolved. Under Taiwan TWSE/TPEx disclosure rules, listed companies must file material-information announcements on behalf of significant subsidiaries that are not themselves exchange-listed. The resolution governs how the subsidiary's retained earnings or current-period profits are to be allocated — whether retained, distributed to the parent as an upstream dividend, or otherwise disposed of. This may have implications for Elite Material's consolidated cash position and intra-group capital returns. [Body not available — subject line only. See MOPS for full announcement.]