Subsidiary Zhongshan Taiguang Electronic Materials Announces Earnings Distribution
Original: 代子公司中山台光電子材料有限公司公告盈餘分配案
Summary
Elite Material (2383) is acting on behalf of its wholly-owned China-based subsidiary, Zhongshan Taiguang Electronic Materials Co., Ltd., to disclose a resolution on the subsidiary's earnings distribution. The announcement concerns how the subsidiary's retained profits will be allocated, which may affect upstream dividend flows to the parent. Full body available on MOPS.
Full Translation
On behalf of subsidiary Zhongshan Taiguang Electronic Materials Co., Ltd. (中山台光電子材料有限公司), Elite Material Co., Ltd. (台光電材, TWSE: 2383) hereby announces a resolution regarding that subsidiary's earnings distribution plan (盈餘分配案). Zhongshan Taiguang Electronic Materials Co., Ltd. is a China-incorporated operating subsidiary of Elite Material, engaged in the production of electronic materials (primarily copper-clad laminates and related substrates). An earnings distribution resolution at the subsidiary level governs the appropriation of the entity's net profit — covering items such as legal reserve, special reserve, and any distribution to the parent. Such an announcement is required under TWSE disclosure rules when a listed company's subsidiary passes a material resolution that may affect consolidated financials or upstream cash flows. [Body not available — subject line only. See MOPS for full announcement.]