Acer sets date for 2025 General Shareholders' Meeting

TAIPEI CITY - Acer (TW:2353) Incorporated has announced that its board of directors approved the convening of its 2025 General Shareholders' Meeting, set for May 29, 2025, at Aspire Resort in Taoyuan City. The upcoming meeting will be conducted as a physical event, where attendees will review the company's business and audit reports for the year 2024, including the distribution of cash dividends and reports on employee and director compensation.

Shareholders will also discuss proposed amendments to Acer's Articles of Incorporation and procedures for acquiring or disposing of assets. No election matters or other proposals are on the agenda, and there will be no extemporary motions.

The company will close its books from March 31 to May 29, 2025. In accordance with the Securities and Exchange Act, Acer will notify shareholders owning less than 1,000 shares through public announcement 30 days prior to the meeting. The meeting minutes will be made available to all shareholders via public announcement within 20 days following the meeting's conclusion.

Additionally, the board resolved to invest in the preferred shares of CHAO-CHI PROPERTY MANAGEMENT CONSULTING CO., LTD., a company in which Acer already owns a 20% stake. The investment involves subscribing to 14 million preferred shares at NTD 50 per share, totaling NTD 700 million. This decision aims to deepen the investment and collaboration between the two companies.

The preferred shares offer a 5% annual dividend and come with the right to convert to common shares at a 1:1 ratio starting one year from the issuance date. CHAO-CHI may also redeem the preferred shares at the original issue price before it becomes a public offering company, subject to preferred shareholder resolutions.

This transaction was approved by Acer's Investment Committee, Audit Committee, and the Board of Directors, based on an independent expert's opinion on price reasonableness provided by the company's engaged CPA. Following this investment, Acer will hold a cumulative total of 14 million preferred shares and 6,750,000 common shares in CHAO-CHI, valued at NTD 1,037,500,000.

This information is based on a press release statement issued by Acer Incorporated.

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