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2021/07

Taiwan An Overview of CTCI ASI’s 2021 Annual General Meeting　
　

On July 30, 2021, CTCI Advanced Systems Inc. (CTCI ASI) held its 2021 Annual General Meeting at Room B101, Taipei Computer Association Executive Club, International Conference Hall. During the meeting, the following motions were carried: Business report for fiscal year 2020, financial statements, the Company's 2020 deficit compensation, the cash distribution from Capital surplus, amendments of “Articles of Incorporation,” “Procedure for Acquisition and Disposition of Assets,” and “Procedure for Loaning of Funds.”



According to the business report, consolidated sales revenue amounted to TWD 2.846552 billion in 2020, a 6.72% increase against 2019. Consolidated net income was reported at TWD 135.296million, a 80.54% increase against 2019. The increase of operating revenue for 2020 is attributed primarily to the increase in public and civil engineering after merged with CTCI REI, with substantial increase in the proportion of projects completed in the current period, mainly the second headquarters building of CTCI Group/Construction Work of Foundation Piles for Yeongguan new plant in Port of Taichung. In addition, the 2021 Annual General Meeting has approved TWD 108,377,800 in cash distribution from capital surplus payable to shareholders (TWD 4.0 per share based on 27,094,450 common outstanding shares.) The ex-dividend trading date and the dividend payment date were set to be on August 20 and on September 15, 2021, respectively.