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UMC Board of Directors Announces Proposals for its Annual Shareholders Meeting

 

Taipei, Taiwan, R.O.C. – March 16, 2016 – United Microelectronics Corporation (NYSE: UMC; TWSE: 2303) ("UMC"), at a meeting of the Board of Directors held today, approved the 2015 Business Report and Financial Statements, and set the agenda for the Annual General Meeting. A brief summary of major recognition and discussion items is as follows:

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Approved the 2015 Business Report and Financial Statements. The consolidated revenue for 2015 was NT$144,830 million and net income attributable to the shareholder of the parent was NT$13,449 million, with earnings per share of NT$1.08.

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Shareholder cash dividend of NT$6,906 million at approximately NT$0.55 per share.

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Employee cash compensation of NT$1,131 million.


Other major resolutions of today's Board Meeting:

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Authorized a capital budget execution of NT$26,253 million for capacity deployment.

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Approved termination of the issuance plan for private placement ratified during the 2015 Annual General Meeting.

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Approved the proposal of private placement plan in the 2016 Annual General Meeting to fulfill operational needs.

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Approved the investment of no more than US$50 million in Wise Road Investment Management Company.

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Approved a donation of NT$11 million bestowed to UMC Science and Culture Foundation.

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The 2016 Annual General Meeting will be held at 9:00AM on Tuesday, June 7, 2016 at UMC’s Fab 8S Conference Hall, located at No. 16, Creation Rd. 1, Hsinchu Science Park.


About UMC
UMC (NYSE: UMC, TWSE: 2303) is a leading global semiconductor foundry that provides advanced technology and manufacturing for applications spanning every major sector of the electronics industry. UMC’s robust foundry solutions enable chip designers to leverage the company’s sophisticated technology and manufacturing, which include volume production 28nm gate-last High-K/Metal Gate technology, ultra-low power platform processes specifically engineered for Internet of Things (IoT) applications and the automotive industry’s highest rated AEC-Q100 Grade-0 manufacturing capabilities for production of ICs found in cars. UMC’s 10 wafer fabs are strategically located throughout Asia and are able to produce over 500,000 wafers per month. The company employs over 17,000 people worldwide, with offices in Taiwan, mainland China, Europe, Japan, Korea Singapore and the United States. UMC can be found on the web at http://www.umc.com.

Note From UMC Concerning Forward-Looking Statements
Some of the statements in the foregoing announcement are forward looking within the meaning of the U.S. Federal Securities laws, including statements about future outsourcing, wafer capacity, technologies, business relationships and market conditions. Investors are cautioned that actual events and results could differ materially from these statements as a result of a variety of factors, including conditions in the overall semiconductor market and economy; acceptance and demand for products from UMC; and technological and development risks. Further information regarding these and other risks is included in UMC’s filings with the U.S. Securities and Exchange Commission, including its registration statements and reports on Forms F-1, F-3, F-6 and 20-F and 6-K, in each case as amended. UMC does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.


 

 

Bowen Huang / David Wong
UMC, Investor Relations
Tel: + 886-2-2658-9168, ext. 16900
bowen_huang@umc.com
david_wong@umc.com

 

   

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