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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.
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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.
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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.
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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. |
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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.
Contacts:
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