1.Date of occurrence of the event:2019/03/27
2.Company name:Sincere Navigation Corporation
3.Relationship to the Company (please enter ”head office” or ”subsidiaries”):Head office
4.Reciprocal shareholding ratios:N/A.
5.Cause of occurrence:Announce important resolution by Board of Directors.
6.Countermeasures:Nil.
7.Any other matters that need to be specified:
A.) Recognition of 2018 business operation report, financial statements including individual financial statements and consolidated financial statements.
Brief 2018 individual statements as below:
(Expressed in thousands of NTD, except earnings per share)
Operating revenue 97,242
Profit for the year 61,777
Total comprehensive income for the year 618,857
Earnings per share 0.11
Brief 2018 consolidated statements as below:
(Expressed in thousands of NTD, except earnings per share)
Operating revenue 3,773,082
Profit for the year 84,847
Profit, attributed to Owners
of the parents 61,777
Total comprehensive income for the year 696,233
Comprehensive income, attributed to Owners
of the parents 618,857
Earnings per share 0.11
B.)Dividend distribution proposal approved by the Board od Directors:
(1)Appropriations of earnings in cash dividends to shareholders
(NT$ per share):0.20
(2)Cash distributed from legal reserve and capital surplus
to shareholders (NT$ per share):0
(3)Total amount of cash distributed to shareholders (NT$):113,660,835.
(4)Appropriations of earnings in stock dividends to shareholders
(NT$ per share):0.30
(5)Stock distributed from legal reserve and capital surplus
to shareholders (NT$ per share):0
(6)Total amount of stock distributed to shareholders
(shares):17,049,126.
C.)The resolution of Board of Directors for granting employees and directors’ remuneration of 2018
(1)Directors’ remuneration: NT$3,119,585;
(2)Employees’ remuneration: NT$3,119,585;
(3)The above amount will be granted by cash.
D.)Proposal: Borrow US$20,000,000 free of interest from 100% owned
subsidiary, Heywood Limited, for one year as working capital.
E.)Proposal: Borrow US$35,000,000 free of interest from 100% owned
subsidiary, Norley Corporation Inc., for one year as working capital.