On the 13th, the Taiwan Stock Exchange issued the "2023 Corporate Governance Assessment". O-Bank was awarded the "Top 5% of Listed Companies" and "Top 10% of Financial Insurance Companies" for its outstanding performance in corporate governance. (On the left is Sherman Lin , Chairman of the Taiwan Stock Exchange, and on the right is Tina Y. Lo , Chairman of O-Bank .)
O-Bank’s
2023 earnings per share (EPS) was NT$0.87, and net profit after tax in the
standalone financial report was NT$2,492,419,916. Including undistributed
earnings at the beginning of the period of NT$294,612,153, adjusting for
undistributed earnings adjustment items, subtracting legal reserve
appropriation of NT$738,431,560, and adding reversal of special reserve -
pursuant to Article 41 of the Securities and Exchange Act of NT$1,222,108,898,
which represents the reversal of the special reserve appropriated in 2022 due
to a net decrease in ‘other equity’ deductions in 2023, as well as reversal of
special reserve - training expenses for fintech development, total earnings
available for distribution was NT$3,244,383,415. The proposed cash dividend was
NT$0.425 per Series A preferred share and NT$0.45 per common share. Based on
O-Bank’s 294,014,000 preferred shares and 2,731,053,301 common shares issued
and outstanding as of end-April 2024, total preferred share cash dividends were
NT$124,955,950 and total common share cash dividends were NT$1,228,973,986,
with undistributed earnings of NT$1,890,453,479 at the end of the period. In
the event that the number of outstanding common shares on the dividend
distribution record date is impacted by factors such as preferred shareholders
exercising their rights to convert preferred shares to common shares, the Shareholders
Meeting has authorized the board of directors to adjust the cash dividend per
common share accordingly, while keeping the total cash dividend payout for
common shares unchanged.
In addition to continuously
creating greater value for shareholders, O-Bank also persists in strengthening
corporate governance. O-Bank was recognized by the Taiwan Stock Exchange Corporation
2023 Corporate Governance Evaluation with a top 5% ranking among listed
companies, and a top 10% ranking among financial companies, highlighting its
commitment to corporate governance and sustainable management for all
shareholders.