Science-Based Industrial Park, Hsin-Chu, Taiwan, May 12, 1998 - At Taiwan Semiconductor Manufacturing Company's ("TSMC" or the Company) (NYSE:TSM) shareholders' meeting held today, shareholders approved stock dividend of NT$4.5 per share.
TSMC spokesman, Mr. YC Huang, outlined several important decisions made at the shareholders' meeting as follows:
Accepted the company's financial statements for the year 1997 prepared by the auditors. The net sales revenue for 1997 were NT$43,936 million, net income was NT$17,960 million, and earnings per share were NT$4.40. Approved that for each 1,000 shares held by a shareholder, the shareholder will be entitled to receive stock dividend of 450 shares at no charge. Approved the capitalization of stock dividends and stocks for profit sharing to be distributed from 1997 profits. Subsequent to this capital increase, the paid-in capital of the company shall be in the total amount of NT$60,471,759,670 .