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TSC holds 2021 annual general meeting, approving cash dividend of NT$1.1 per share

2021-08-11

As the pandemic eased, TSC holds 2021 annual meeting of shareholders today at its headquarters in Tainan. TSC posted the operating income of NT$1.37 billion last year, surpassing the statutory income by NT$1.03 billion, and the net operating profit after tax of NT$4.57 billion, NT$1.73 billion more than the required as well. The meeting approved the distribution of a cash dividend of NT$1.1 per share.


"2021 annual general meeting was originally planned to be held in June; however, on account of the nationwide level 3 COVID-19 alert, the meeting was postponed," TSC said. As the local coronavirus curve has gradually flattened, the company resumed the meeting. The in-person meeting obeys guidelines and safety protocols issued by the competent authority, including indoor capacity limits and backup sites to ensure the meeting proceeds smoothly under thorough disease preventative measures.


"In 2020, TSC continuously and timely adjusted business strategies and targets based on the market trends, so the annual operating income successfully attained the budget goal," TSC pointed out. Last year, TSC continued to implement the key investment plans driven by the policies of Circular Economy and New Agriculture. For example, DHF Agricultural Circulation Park was completed and operated last year, and the Biotechnology Material Factory and Taisugar Circular Village are still catching up the construction schedules. Meanwhile, TSC actively engaged in the modernization of pig farming facilities as well as the development of renewable energy. 


In addition, TSC joined national alcoholic-based sanitizer production team and stabilized the price to safeguard people's health. During the COVID-19 crisis in 2020, TSC stayed in line with the policies to propose relief measures and to boost economy, such as cutting rent, deferring rent payment, announcing triple stimulus voucher promotions, purchasing local agricultural produce, and supporting charity groups, and helped the whole country to get through different pandemic challenges. Not merely did TSC focus on its core businesses, but also undertook corporate social responsibility. TSC is committed to strengthening corporate governance in the future to reach the goal of economic prosperity, social well-being, and environmental sustainability. 


The shareholder meeting souvenir is the 'TSC Fried Pork Fiber for Senior and Children' gift set. These two items are made of shorter pork floss, easier to be swallowed, and supplemented with ingredients of collagen, glucosamine, DHA, according to the needs of elderly and growing children. The products suffice health, nutrition, and delicacy at a time. The meeting notice is also included shareholder discount coupons, offering 50% off TSC accommodation vouchers and TSC Million product coupons of Hondureño Small Farm Coffee and frozen pork ribs for the shareholders to enjoy honorable and exclusive products and services. 


"Our vision is to become an iconic enterprise in green and healthy industries in the Asian-Pacific region. Also, the goal of promoting New Agriculture and Circular Economy navigates our business operation and development," TSC emphasized. In 2021, TSC will continue to engage in modernization of pig farms, renewable energy, resources circulation, and property utilization, and to pursue operational excellence and improvement towards sustainable business growth and development.



TSC News Contact Person:

Chang, Mu-Jung

Public Relations, Department of Secretariat, TSC

Contact Number: 886-6-337-8819 / 886-920-636-951

Email: a63449@taisugar.com.tw


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