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UMC Shareholders Approve
NT$1.1 Dividend for Fiscal Year 2004 at Annual Shareholders Meeting
Taipei, Taiwan, R.O.C. - June 13, 2005 - United Microelectronics
Corporation (TAIEX: 2303, NYSE: UMC), today held its 2005 annual
shareholders meeting, at which shareholders approved a stock dividend
payment of NT$1 and cash dividend payment of NT$0.1 per common share
for fiscal 2004.
At the meeting, shareholders also approved:
| 1. |
The business report and financial
statements for fiscal 2004. The Company's revenue for 2004 was
NT$117,312 million and net income after tax was NT$31,843 million,
with earnings per share of NT$1.89. |
| 2. |
A capitalization of NT$19,560,219,650
from un-appropriated earnings for and prior to the year 2004. |
| 3. |
The amendment of Article 5,
15 of the Articles of Incorporation for the Company's operational
needs, the amendment of the Company's dividend policy in Article
22 so that no less than 20% of the dividend shall be allocated
in the form of cash dividend, and the subsequent amendment of
Article 25 to record the most recent amendments to the Articles
of Incorporation. |
| 4. |
An extraordinary motion submitted
by a group of shareholders representing a 2.59% stake in the
Company. With regard to the public statements made by the Chairman
regarding UMC's relationship with Hejian Technology Corporation
at the Shareholders Meeting of June 3, 2002, and in the subsequent
public statements published in Taiwan newspapers on February
18th and March 21 of 2005, they propose to: |
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Agree with the Chairman's Mainland
China business strategy |
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Agree that the assistance given
in the past by the Chairman and UMC's |
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management team was in the Company's
long-term interest, and, in no way, violated the obligations
of their offices. Agree to support the Chairman's future decisions
regarding Hejian. |
| - |
Approve the acquisition of the
15% equity share from Hejian's holding company as a UMC asset
upon legal sanction of such a share transfer. |
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Agree that any attempt to make
the Chairman or management team take any type of responsibility
related to the relationship between UMC and Hejian or the acquisition
of shares from Hejian's holding company, for any reason, is
against the best interests of the company and its shareholders. |
About UMC
UMC (NYSE: UMC, TSE: 2303) is a leading global semiconductor foundry
that manufactures advanced process ICs for applications spanning
every major sector of the semiconductor industry. UMC delivers cutting-edge
foundry technologies that enable sophisticated system-on-chip (SoC)
designs, including 90nm copper, 0.13um copper, and mixed signal/RFCMOS.
UMC is also a leader in 300mm manufacturing; Fab 12A in Taiwan and
Singapore-based Fab 12i are both in volume production for a variety
of customer products. UMC employs approximately 10,500 people worldwide
and has offices in Taiwan, Japan, Singapore, Europe, and the United
States. UMC can be found on the web at http://www.umc.com.
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