KYEC My Fab
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CSR Overview Words from General Manager Stakeholders and Concerned Issues Corporate Governance Supply Chain Management Environmental Protection Employees' Rights Social Participation Report

KYEC formulates Articles of Incorporation, “The Regulations of Corporate Governance,” and company organization structure following Company Act, Securities and Exchange Act, “Corporate Governance Best Practice Principles for TWSE/TPEx Listed Companies,” and relevant regulations. Shareholders’ meeting and Board of Directors are on the top of the Company corporate governance structure. Shareholders can exercise their voting rights through Shareholders' Meeting electronic voting platform, to involve the decision-making process of critical operations and further enhance the convenience of shareholders' participation in shareholders’ meeting. Every proposal is voted sequentially in the meeting, and resolutions are recorded in the meeting minute, to make the operation be under the highest standard of corporate governance. The Company sets up the Audit Committee and Compensation Committee through authorizing by the Board of Directors, to assist the Board performs its supervisory responsibilities.

Board of the Directors Compensation Committee Audit Committee Critical resolutions made by Board of Directors in recent years

2019 Key resolutions made by the Board of Directors

  1. Approved the amendment to “Procedures for the Acquisition or Disposal of Assets.”
  2. Approved the motion for the Company’s 2019 capital expenditure.
  3. Approved the motion for acquiring real estate.
  4. Approved the motion for adjustment to organizational structure in China.
  5. Approved the motion for making endorsement/guarantee for the subsidiary, Suzhou Zhen Kun Technology Ltd.
  6. Approved the motion for the Company’s 2019 budget.
  7. Approved the motion for assessment on independence and competency of CPAs.
  8. Approved the separate financial statement and consolidated financial statements 2018.
  9. Approved the Company’s 2018 business report.
  10. Approved the motion for allocation of earnings in 2018.
  11. Approved the changes in accounting estimates from the fiscal year 2019.
  12. Approved the motion for allocation of remuneration to employees in 2018 and the motion proposed by the Compensation Committee for the remuneration to Directors in 2018.
  13. Approved the motion for the organization of the Company’s 2018 Annual General Meeting at Zhongshan Hall of Toufen City Office, Miaoli County on June 6, 2018 (Thursday).
  14. Approved the motion for making endorsement/guarantee for the subsidiary, Suzhou Zhen Kun Technology Ltd.
  15. Approved the revision of the “Internal Control System” and “Procedure for Internal Audit Implementation.”
  16. Approved the formulation of “Standard Procedure for Handling Requirement from Directors” and set up a Company Secretary.
  17. Approved the motions for setting the base date for allocation of dividends.
  18. Approved the motion for making endorsement/guarantee for the subsidiary, Suzhou Zhen Kun Technology Ltd.
  19. Approved the amendment to “Operational Procedures for Loaning Funds to Others.”
  20. Approved the amendment to “Operational Procedures for Endorsements/Guarantees.”
  21. Approved the motion for making endorsement/guarantee for the subsidiary, Suzhou Zhen Kun Technology Ltd.
  22. Approved an update on the Company’s budget in 2019.
  23. Approved the motion for personnel arrangements.
  24. Approved the amended motion for making endorsement/guarantee for the subsidiary, Suzhou Zhen Kun Technology Ltd.
  25. Approved the audit plan 2020.
  26. Approved the motion for the CPA's professional fees in 2019.
  27. Approved the motion for the 2020 capital expenditure of the Company and subsidiary.
  28. Approved the amendment to Article 6 of “Organizational Rules of Audit Committee.”
  29. Approved the revision of “Rules of Corporate Governance.”
  30. Approved the revision of “Ethical Corporate Management Best Practice Principles.”
  31. Approved the formulation of “Assessment Procedures for the Performance of the Board.”

2018 Key resolutions made by the Board of Directors

  1. Approved the Company’s 2017 business report.
  2. Approved the motion for the Company’s 2018 budget.
  3. Approved the motion for allocation of remuneration to employees in 2017 and the motion proposed by Compensation Committee for the remuneration to Directors in 2017.
  4. Approved the motion for setting the base date for 1st offering of new shares upon capital increase by 4th overseas unsecured convertible bonds in 2018 as March 16, 2018.
  5. Approved the separate financial statement and consolidated financial statements 2017.
  6. Approved the motion for allocation of earnings in 2017.
  7. Approved the motion for allocation of cash dividend from capital surplus.
  8. Approved the motion for assessment on independence and competency of CPAs.
  9. Approved the motion for organization of the Company’s 2018 Annual General Meeting at Zhongshan Hall of Toufen City Office, Miaoli County on June 8, 2018 (Friday).
  10. Approved the motion for termination of the non-competition restriction on managerial officers.
  11. Approved the motion for personnel arrangement.
  12. Approved the motion for setting the base date for 2nd offering of new shares upon capital increase by 4th overseas unsecured convertible bonds in 2018 as May 4, 2018.
  13. Approved the motions for setting the base date for allocation of dividends, and for adjusting the rate of allocation of dividends from earnings and capital surplus in 2017.
  14. Approved the motion for making endorsement/guarantee for the subsidiary, King Long Technology (Suzhou) Ltd.
  15. Approved the motion for making endorsement/guarantee for the subsidiary, Suzhou Zhen Kun Technology Ltd.
  16. Approved the motion for increasing the capital expenditure in 2018.
  17. Approved the motion for consolidation of Dawning Leading Technology Inc.
  18. Approved the motion for the application for syndicated loan from the financial institution.
  19. Approved the audit plan 2019.
  20. Approved the motion for the external auditor's professional fees in 2018.
  21. Approved the partial amendments to the Company’s “Audit Committee Articles of Association”.

2017 Key resolutions made by the Board of Directors

  1. Adopted 2016 business report.
  2. Adopted 2017 budget proposal.
  3. Adopted "Code of Corporate Governance."
  4. Adopted "Code of Corporate Social Responsibility Practice."
  5. Adopted the revision on "Procedures for Processing the Asset Acquisition or Disposition."
  6. Adopted "Articles of Incorporation for Audit Committee."
  7. Adopted "Regulations Governing Board of Director Meetings."
  8. Adopted the revision of "Internal Control System" and "Reinforcement Rules for Internal Audit Implementation."
  9. Adopted dividend record date and the adjustment of previous dividend distribution rate in the propositions for 2016 surplus and capital surplus distribution.
  10. Adopted the proposal made by the Distribution and Salary Remuneration Committee of 2016 employee remuneration for 2016 directors remuneration.
  11. Adopted the proposition for capital surplus distributing cash dividend on stock returns.
  12. Adopted the proposition for 2016 surplus distribution.
  13. Adopted the 2016 individual financial statement and consolidated financial statements.
  14. Adopted proposition for personnel appointment.
  15. Adopted the proposition for personnel transfer.
  16. Adopted the proposition for the reelection of directors.
  17. Adopted the proposition for 13th director candidates.
  18. Adopted the appointment of members for 3rd Salary Remuneration Committee.
  19. Adopted the 2017 general meetings of shareholders held in Zhongshan Hall, Toufen City, Miaoli County at 9A.M. on June 8, 2017.
  20. Adopted the participation in capital increased by cash for Yenyuan Investment Co., Ltd.

2016 Key resolutions made by the Board of Directors

  1. Adopted 2015 business report.
  2. Adopted 2016 budget proposal.
  3. Adopted the revision on "Procedures for Processing the Asset Acquisition or Disposition"
  4. Adopted the proposal made by the Distribution and Salary Remuneration Committee of 2015 employee remuneration for 2015 director remuneration.
  5. Adopted the proposition for capital surplus distributing cash dividend on stock returns.
  6. Adopted the proposition for 2015 surplus distribution.
  7. Adopted the 2015 individual financial statement and consolidated financial statement.
  8. Adopted proposition for personnel shuffle.
  9. Adopted the 2016 general meetings of shareholders held in Zhongshan Hall, Toufen City, Miaoli County at 9A.M. on June 8, 2016.
  10. Adopted the proposition for increase of 2016 capital expenditure.
  11. Adopted the issuance of unsecured overseas convertible corporate bond up to USD50 million for procurement of machinery equipment.
  12. Adopted the proposition for endorsement guarantee of ZKT subsidiary.
  13. Adopted the dividend record date.
  14. Adopted the record date for the first increase of capital for new shares as September 30, 2016 for the 4th unsecured overseas convertible corporate bond.
  15. Adopted the 2017 audit plan.
  16. Adopted the 2017 capital expenditure for KYEC.

2015 Key resolutions made by the Board of Directors

  1. Adopted the signing of agreement of engaging others to build on rented land with Wi Shun Construction Company.
  2. Adopted the 2014 business reports.
  3. Adopted the 2015 budget proposition.
  4. Adopted the proposition for 2014 earning distribution.
  5. Adopted the proposition for distributing cash dividend with capital stock.
  6. Adopted the 2014 individual financial statement and consolidated financial statement.
  7. Adopted the 2015 shareholders' meeting at Zhongshan Hall, in Toufen Township Office, Miaoli County on June 17, 2015
  8. Adopted the formulation of "Corporate Governance Code of Practice."
  9. Adopted the formulation of "Ethical Corporate Management Best Practice Principles."
  10. Adopted the formulation of "Code of Ethical Conduct."
  11. Adopted the formulation of "Corporate Social Responsibility Best Practice Principles"
  12. Adopted the increase of 2015 capital expenditure.
  13. Adopted the proposition of indirect investment on KYEC subsidiary, KLT (Suzhou).
  14. Adopted the revision of KYEC article of association.
  15. Adopted the application of cancellation of treasury stock process and October 29, 2015 shall be the record date for reverse split.
  16. Adopted the proposition for personnel assignment.
  17. Adopted the participation of establishing Yen Yuan Investment Co., Ltd. (焱元投資股份有限公司).
  18. Adopted the proposition of applying for syndicated loans from the Land Bank of Taiwan as other syndicated loan banks in the amount of NTD5 billion.

 

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