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ChipMOS TECHNOLOGIES INC. (TWSE: 8150; NASDAQ:IMOS), a prominent semiconductor manufacturer with a market capitalization of $759 million and strong financial health according to InvestingPro analysis, announced today the schedule for shareholder proposals in anticipation of its 2025 annual shareholders’ meeting. Technical indicators suggest the stock is currently in overbought territory. The submission period for shareholder proposals is set to commence on March 21, 2025, and will conclude on March 31, 2025.
According to the notice, which adheres to Section 4.16(a) of the Deposit Agreement dated October 31, 2016, holders of American Depositary Shares (ADSs) must ensure that any proposals are received by the depositary, Citibank, N.A., within the designated submission window. Specifically, ADS holders are required to submit their proposals between March 21, 2025, and March 27, 2025, allowing a two-business-day window before the submission period ends. The company has maintained consistent dividend payments for 12 consecutive years, currently offering a 4.12% yield.
The company’s annual shareholders’ meeting is scheduled to take place on May 27, 2025, at the Hsinchu Science Park Life Hub, Einstein Hall, located in Hsinchu City, Taiwan. For those holding ADSs, the record date to be eligible for participation in the meeting has been set as March 28, 2025.
Shareholders or ADS holders looking to submit proposals or requiring assistance may contact Citibank Shareholder Services at the provided contact number. This announcement is based on a press release statement and is intended to inform stakeholders of the critical dates and procedures to engage in the company’s governance process.
In other recent news, ChipMOS TECHNOLOGIES INC. has announced its consolidated financial results for the year ending December 31, 2024. The company reported an operating revenue of NT$22.7 billion and a gross profit of NT$2.9 billion. ChipMOS recorded an operating profit of NT$1.3 billion, with a profit before income tax of NT$1.6 billion and a net profit attributable to equity holders of NT$1.4 billion. The basic earnings per share were NT$1.95. The company’s total assets at the end of 2024 stood at NT$45.4 billion, with total liabilities of NT$20.3 billion and equity attributable to holders amounting to NT$25.1 billion.
Additionally, the Board of Directors has approved a cash dividend of NT$1.20 per share, which will be subject to shareholder approval at the upcoming annual general meeting (AGM) scheduled for May 27, 2025. The total cash distribution is expected to amount to NT$872.7 million. The Board has also granted the Chairman authority to adjust the dividend distribution ratio if necessary. These developments reflect key resolutions passed by the company’s Board of Directors and are part of the agenda for the upcoming AGM.
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