The 2018 General Shareholders Meeting of CTCI Corporation & The 8th Meeting of the Board of Directors for the 14th Term

CTCI Corporation held its annual General Shareholders Meeting on 29th May, 2018 in Tianmu Convention Center, Mellow Fields Hotel. During the meeting, the ratification Items, including 2017 business report, financial statements, distribution of fiscal year 2017 earnings, were all carried.

According to the Business Report, the consolidated sales revenues amounted to NT$71,606,604 thousand in 2017, increased by 1.56% from the year 2016. The consolidated net income after tax reached NT$2,805,348 thousand, increased by 26.20% compared with the year 2016. In 2017, total new contract awarded to CTCI group was about NT$44,445,703 thousand. Major projects awarded are Vietnam Van Phong Coal-fired Power Plant EPC Project, Malaysia RAPID P28B Euro 5 EPC Project, Malaysia Kuala Lumpur KLLRT Line 3 Power Supply System EPC Project, Philippines JG Summit Aromatics and Butadiene Extraction Units EPC Project, Vietnam Maxihub Lube Oil Blending and Tank Farm Terminal EPC Project, etc. Among these figures, our consolidated revenue has reached an all-time high. Although we did not reach our targets on the total amount of new contracts and backlog, we are embracing a good opportunity this year, which could bring us to make another historical record. In addition, cash dividend payable to shareholders of NT$2,468,201,903 was approved in the Shareholders Meeting (TWD 3.23 per share based on 763,273,848 common outstanding shares).

Meanwhile, the ex-dividend date and the base date for dividend were determined to be on July 26th, 2018 and August 1st, 2018, respectively, in the Board Meeting held the same day.