Major Subsidiary Da Zhong-Shan Co., Ltd. Announces Earnings Distribution
Original: 代重要子公司大中山有限公司公告盈餘分配案
Summary
Elite Material (2383) is disclosing, on behalf of its major subsidiary Da Zhong-Shan Co., Ltd., a proposal for the distribution of that subsidiary's retained earnings. Earnings distributions at a designated 'major subsidiary' require parent-level disclosure under TWSE rules, signalling that Da Zhong-Shan is material to Elite Material's consolidated financials. Full details of the distribution amount and record date are available on MOPS.
Full Translation
Subject-line translation: '[Elite Material] announces on behalf of its major subsidiary, Da Zhong-Shan Co., Ltd., a proposal for earnings (profit) distribution.' — Under Taiwan Stock Exchange and FSC regulations, listed companies must file material-information announcements when a 'major subsidiary' (重要子公司) passes or proposes resolutions that would be significant at the consolidated level. An earnings-distribution (盈餘分配案) resolution covers decisions on how the subsidiary's accumulated profits are allocated, including any dividend or inter-company transfer to the parent. The designation of Da Zhong-Shan as a 'major subsidiary' indicates it meets scale thresholds (typically ≥10% of consolidated assets or revenue) that make its capital actions reportable. [Body not available — subject line only. See MOPS for full announcement.]