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WPG Holdings (TWSE: 3702) approves Cash Dividend of NT$3.1 per common share, and pledges 2030 Net Zero Emissions target at 2021 Annual Shareholders’ Meeting

20210803

WPG Holdings (TWSE: 3702) approves Cash Dividend of NT$3.1 per common share, and pledges 2030 Net Zero Emissions target at 2021 Annual Shareholders’ Meeting

 

2021/08/03

 

WPG Holdings Limited (TWSE:3702), the global semiconductor components distributor, hosted its 2021 Annual Shareholders’ Meeting today. At the meeting, 2020 Financial Statements were accepted, and 2020 Profit Distribution Proposal was approved. Cash dividend of NT$3.1 and NT$2 per common share and Preferred Share A will be distributed respectively. To strengthen corporate governance, board resolution quality and board diversity, Ms. Kai Charn Young, former Executive Vice President of CDIB Capital Group, was elected as independent director, adding one seat to the board. Chairman of WPG, Simon Huang, also pledged to achieve Net Zero Emissions by 2050 and Net Zero in own operations including office buildings and warehouses by 2030.

 

In May 2021, as a domestic private service provider, WPG’s financial achievements were recognized by CommonWealth Magazine as Top 1 in Service Industry at Taiwan Top 2000 Survey. Thanks to accurate product portfolio, growing productivity, and continuous operation expansion, WPG 2020 Consolidated Revenue, Net Income, EPS, and Operating Cash Flow all hit record high. Consolidated Revenue and Net Income both achieved double-digit growth and reached NT$609.886 billion and NT$8.123 billion respectively. Operating Cash Flow also reached record high of NT$17.825 billion. EPS was NT$4.77.

 

To achieve sustainable development and maximize shareholders’ equity, as the biggest semiconductor components distributor globally, WPG examines all aspects of sustainable development comprehensively and deploys various actions ahead of peer including strengthening corporate governance, appointing Chief Sustainability Officer in early 2021, and paying full attention to global risks. “Employee Stock Ownership Trust” (ESOT) was also introduced to assist our employees with their retirements plans as well as to enhance ownership culture that results in the continued success of WPG. Over 90% of eligible employees have participated. Additionally, in response to climate crisis and the Paris Agreement, WPG pledges climate action targets today at Annual Shareholders’ Meeting to strengthen climate change governance. To restore our Earth and build sustainable supply chain together with all partners along the value chain, WPG would continue increase energy efficiency, reduce carbon emission, increase renewable energy usage, as well as promote industry-wise green transition.

 

IR contacts:Cliff Yuan/ Zoe Peng

Tel:886-2-2191-0068 ext.85268/ext.85262

Email address:ir@WPGholdings.com

Corporate website:www.WPGholdings.com

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