LITE-ON Technology Announces Results of 2018 Annual General Meeting: Distribution of a NT$2.92 Cash Dividend per Share with yield of 7.7%

2018/06/22

LITE-ON Technology (2301.TW) today held its 2018 annual general meeting during which the shareholders approved the distribution of a NT$2.92 cash dividend per common share, consisting of NT$0.41 and NT$2.51 per share from retained earnings and additional paid-in capital respectively. Cash yield reached 7.7%, which was in line with the company’s high and stable divided policy. In 2017, LITE-ON’s annual consolidated sales were NT$214.56 billion whereas the asset impairment loss in Mobile Mechanics, coupled with inventory adjustment in Optoelectronics, resulted in the annual net profits of NT$2.63 billion with EPS of NT$1.13.

“Since the integration of group resources and organizations in 2014, LITE-ON has been focusing on profitability, sound governance and improvement of shareholders' returns as our major strategies while making efforts to develop new businesses. In 2017, with enhanced investment in the strong demand markets, LITE-ON achieved ongoing expanding in cloud computing, LED components, outdoor/ vehicle lighting, automotive electronics, AI smart home devices and gaming applications. LITE-ON will continue to accelerate its overall competitiveness by taking entrepreneurial actions with further transformation as well as demonstrating its operational excellence to create profitable growth of One LITE-ON,” said Mr. Raymond Soong, LITE-ON Chairman.

In 2017, LITE-ON continued focusing on the five IoT applications, including cloud computing, LED/ lighting, automotive electronics, industrial automation and smart healthcare, as the key fields of business transformation. Among which, the cumulative revenue of cloud computing, LED/ lighting, AI smart home and consumer electronics reached approximately 40% share of LITE-ON’s total revenue as a remarkable result of its efforts on incubating new business as well as successful transformation. LITE-ON started intensive global investment in 2017 such as building up Kaohsiung Operational Center, China Research and Development Center, as well as expanding capacities in several sites, entering the Middle East, India, and Southeast Asia markets and forming joint venture with Tsinghua Unigroup to expand into storage market in China. Meanwhile, more investments were made in automation, digital management and advanced manufacturing. In 2018, to ensure its leading advantage of mass production, LITE-ON anticipates process optimization through manufacturing engineering to further strengthen its competitiveness in smart manufacturing.

LITE-ON values operational transparency and corporate governance as well as implementation of corporate social responsibility. Nationally, the company has been awarded Corporate Citizen Award" by CommonWealth Magazine for the eleventh year in a row and the Golden Award of Taiwan Corporate Sustainability Report Award for four consecutive years. Internationally, LITE-ON has been selected as a member of "Dow Jones Sustainability Indices (DJSI) for seven consecutive years, included in the composition of MSCI ESG Leader Indexes for the fourth year in a row, and ranked as Top 100 Global Tech Leaders by Thomson Reuters in 2018. With its dedication to high standard of transparent information disclosure, LITE-ON was listed on the top 5% companies by the Corporate Governance Evaluation System of Taiwan Stock Exchange in 2018.

Press Contact:

Julia Wang, Senior Director of IR/PR +886-2-8798-2888 LITEONTech.IR@liteon.com