Chunghwa Telco 2024 AGM: NT$4.758 Cash per Share

Chunghwa Telecom Co., Ltd. (“CHT”, TAIEX: 2412, NYSE: CHT) convened its annual general meeting (“AGM”) for 2024 at 9:00 am Taipei Time, with Chairman Shui-Yi Kuo presiding over the proceedings. The meeting saw the participation of shareholders representing 6,090,596,648 shares, constituting 78.51% of the total outstanding shares.

At the AGM, shareholders officially approved the Company’s 2023 business report, financial statements, and proposed distribution of earnings. Notably, amendments to the Articles of Incorporation were ratified, alongside the release of non-competition restrictions on Directors. Demonstrating a commitment to transparency and international best practices, the Company provided shareholders with insights into director compensation for 2023 and modifications to the Ethical Corporate Management Best Practice Principles. This underlines the Company’s dedication to upholding robust corporate governance standards, enhancing relevant frameworks and procedures, and striving to optimize shareholder value.

The AGM also endorsed the 2023 cash dividend, set at NT$4.758 per common share in cash, totaling NT$36,909,930,661. Reflecting a steadfast commitment to returning earnings to shareholders, the Company maintained an impressive cash dividend payout ratio of approximately 100% throughout 2023. Looking ahead, Chunghwa Telecom pledges to sustain a stable dividend policy, ensuring that all shareholders partake in the Company’s business successes.

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