Announcement of board resolution

Announcement of board resolution
  1. Date of occurrence of the event:2015/03/27
    Company name: Sincere Navigation
    3.Relationship to the Company (please enter ”head office” or
    ”subsidiaries”):Head Office
    4.Reciprocal shareholding ratios:N/A
    5.Name of the reporting media:N/A
    6.Content of the report:N/A
    7.Cause of occurrence: The announcement of Important resolutions
  2. Countermeasures: None
  3. Any other matters that need to be specified:



(一)Adoption of the 2014 Business report, Final accounts statements, Individual Financial Statements and consolidated financial statements.

2014 annual Individual Financial Statements as follows:


Revenue                        101,051 (thousands)

Net income                 858,476 (thousands)

The comprehensive benefit      1,868,136 (thousands)

EPS(after tax)                      1.51

2014 annual consolidated financial statements:

Revenue                                        4,468,377 (thousands)

Net income                                 1,290,182 (thousands)

Net income attributable to the parent company       858,476(thousands)

The comprehensive benefit                        2,371,036 (thousands)

The comprehensive benefit

attributable to the parent company                  1,868,136(thousands)

EPS(after tax)                                   1.51


(二)Resolution of Proposal for Distribution of 2014 Profits:

After regular board meeting about earning distribution project of the company, the project has been approved to allocate NT$568,304,171. Each common share holder will be entitled to receive a cash dividend of NT$1.0 per share.


(三).Cause of occurrence:  amend part of “Sincere Navigation Limited company and a subsidiary of acquisition or disposition of assets handling procedures”


(四)Cause of occurrence: borrow $ 3 million from HEYWOOD LIMITED. for operating turnover.

Instruction: for the purpose of operating turnover, borrow $ 3 million for one year from a subsidiary HEYWOOD LIMITED with 100% shareholding, free of interest.