Mediatek Inc. 2019 Annual General Shareholders' Meeting Minutes
MediaTek Inc. 2019 Annual General Shareholders’ Meeting Minutes Time: 9:00 a.m., June 14, 2019 Place: International Convention Center, MediaTek Inc. (No. 1, Dusing 1st Road, Hsinchu Science Park, Hsinchu City, Taiwan R.O.C.) The Number of Shares of Attendance: Attending shareholders and proxy represented 1,305,281,888 shares (including 1,066,881,115 shares which attended through electronic voting) accounting for 82.30% of 1,585,899,498 shares, the Company’s total outstanding shares (deducting non-voting shares as required in Article 179 of the Company Act) Directors Present: Ming-Kai Tsai, Rick Tsai, Ching-Jiang Hsieh, Wayne Liang, Cheng-Yaw Sun, Peng-Heng Chang, Chung-Yu Wu Chairman: Mr. Ming-Kai Tsai Recorder: Ms. Emma Chang Call the Meeting to Order: The aggregate shareholding of the shareholders present constituted a quorum. The Chairman called the meeting to order. 1. Chairman’s Remarks: Omitted. 2. Reporting Items: Report Item (1) Subject: MediaTek’s 2018 business report. Explanatory Note: MediaTek’s 2018 business report is attached hereto as Attachment 1. (Noted) Report Item (2) Subject: Audit Committee’s review report on the 2018 financial statements. Explanatory Note: 2018 Audit Committee’s review report is attached hereto as Attachment 2. (Noted) Report Item (3) Subject: Report on 2018 employees’ compensation and remuneration to directors. Explanatory Note: (1). According to Article 24 of the Company's Articles of Incorporation, if there is any profit for a specific fiscal year, the Company shall allocate no less than 1% of the profit as employees’ compensation and shall allocate at a maximum of 0.5% of the profit as remuneration to directors, provided that the Company’s accumulated losses shall have been covered in advance.
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