Eastech Holding Limited
| Stock Code | 5225 (Taiwan Stock Exchange) |
| Issued Share Capital | NTD769,194,110 |
| Date of Listing | November 5, 2012 |
Dividend Information
Recent Dividend Distributions
| Year | 2023 |
| Ex-Dividend Date | March 22, 2024 |
| Record Date | March 30, 2024 |
| Cash Dividend ( NTD / share) | NT$6.57218246 |
| Payment Date | April 22, 2024 |
Investor News & Events
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2019.08.14
Announcement of the Board of Directors resolution on Employee Stock Option Plan
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2019.06.10
Announcement for the important resolutions of 2019 Annual General Shareholders' Meeting
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2019.06.10
The Board resolved the record date for the distribution of dividend and closing period for the share transfers
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2019.06.10
The Company announced to adjust cash dividend ratio
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2019.05.09
Announcement of the Board of Directors resolution on Employee Stock Option Plan
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2019.02.22
Announcement of the proposal of dividend distribution
Monthly Sales
| Month | This Year | Last Year | MoM / QoQ | YoY |
|---|---|---|---|---|
| January | 944,246 | 549,070 | 25.9% | 72.0% |
| February | 796,336 | 605,954 | -15.7% | 31.4% |
| March | 1,022,429 | 862,714 | 28.4% | 18.5% |
| Q1 Sub-total | 2,763,011 | 2,017,738 | 10.0% | 36.9% |
| April | 1,053,832 | 866,562 | 3.1% | 21.6% |
| May | 1,001,461 | 916,595 | -5.0% | 9.3% |
| June | 1,015,662 | 748,124 | 1.4% | 35.8% |
| Q2 Sub-total | 3,070,955 | 2,531,281 | 11.2% | 21.3% |
| 1H Sub-total | 5,833,966 | 4,549,019 | n/a | 28.3% |
| July | 1,132,238 | 817,348 |
11.5% |
38.5% |
| August | 1,344,619 | 1,330,661 | 18.8% | 1.1% |
| September | 1,327,463 | 1,432,449 | -1.3% | -7.3% |
| Q3 Sub-total | 3,804,320 | 3,580,458 | 23.9% | 6.3% |
| October | 1,085,744 | 940,649 | -18.2% | 15.4% |
| November | ||||
| December | ||||
| Q4 Sub-total | ||||
| 2H Sub-total | ||||
| Total |
| Month | This Year | Last Year | MoM / QoQ | YoY |
|---|---|---|---|---|
| January | 549,070 | 791,790 | -27.7% | -30.7% |
| February | 605,954 | 815,369 | 10.4% | -25.7% |
| March | 862,714 | 970,082 | 42.4% | -11.1% |
| Q1 Sub-total | 2,017,738 | 2,577,241 | -25.9% | -21.7% |
| April | 866,562 | 1,191,203 | 0.5% | -27.3% |
| May | 916,595 | 1,037,221 | 5.8% | -11.6% |
| June | 748,124 | 1,094,482 | -18.4% | -31.7% |
| Q2 Sub-total | 2,531,281 | 3,322,906 | 25.5% | -23.8% |
| 1H Sub-total | 4,549,019 | 5,900,147 | n/a | -22.9% |
| July | 817,348 | 1,363,484 |
9.3% |
-40.1% |
| August | 1,330,661 | 1,403,828 | 62.8% | -5.2% |
| September | 1,432,449 | 1,421,282 | 7.7% | 0.8% |
| Q3 Sub-total | 3,580,458 | 4,188,594 | 41.5% | -14.5% |
| October | 940,649 | 994,931 | -34.3% | -5.5% |
| November | 820,158 | 966,911 | -12.8% | -15.2% |
| December | 750,236 | 759,799 | -8.5% | -1.3% |
| Q4 Sub-total | 2,511,043 | 2,721,641 | -29.9% | -7.7% |
| 2H Sub-total | 6,091,501 | 6,910,235 | n/a | -11.9% |
| Total | 10,640,520 | 12,810,382 | n/a | -16.9% |
| Month | This Year | Last Year | MoM / QoQ | YoY |
|---|---|---|---|---|
| January | 791,790 | 752,888 | -1.6% | 5.2% |
| February | 815,369 | 396,117 | 3.0% | 105.8% |
| March | 970,082 | 759,523 | 19.0% | 27.7% |
| Q1 Sub-total | 2,577,241 | 1,908,528 | 15.9% | 35.0% |
| April | 1,191,203 | 928,770 | 22.8% | 28.3% |
| May | 1,037,221 | 792,872 | -12.9% | 30.8% |
| June | 1,094,482 | 783,039 | 5.5% | 39.8% |
| Q2 Sub-total | 3,322,906 | 2,504,681 | 28.9% | 32.7% |
| 1H Sub-total | 5,900,147 | 4,413,209 | n/a | 33.7% |
| July | 1,363,484 | 853,476 | 24.6% | 59.8% |
| August | 1,403,828 | 988,500 | 3.0% | 42.0% |
| September | 1,421,282 | 934,016 | 1.2% | 52.2% |
| Q3 Sub-total | 4,188,594 | 2,775,992 | 26.1% | 50.9% |
| October | 994,931 | 706,898 | -30.0% | 40.8% |
| November | 966,911 | 711,791 | -2.8% | 35.8% |
| December | 759,799 | 804,421 | -21.4% | -5.6% |
| Q4 Sub-total | 2,721,641 | 2,223,110 | -35.0% | 22.4% |
| 2H Sub-total | 6,910,235 | 4,999,102 | n/a | 38.2% |
| Total | 12,810,382 | 9,412,311 | n/a | 36.1% |
| Month | This Year | Last Year | MoM / QoQ | YoY |
|---|---|---|---|---|
| January | 752,888 | 428,415 | -9.5% | 75.7% |
| February | 396,117 | 104,551 | -47.4% | 278.9% |
| March | 759,523 | 625,133 | 91.7% | 21.5% |
| Q1 Sub-total | 1,908,528 | 1,158,099 | -27.5% | 64.8% |
| April | 928,770 | 731,866 | 22.3% | 26.9% |
| May | 792,872 | 536,607 | -14.6% | 47.8% |
| June | 783,039 | 627,777 | -1.2% | 24.7% |
| Q2 Sub-total | 2,504,681 | 1,896,250 | 31.2% | 32.1% |
| 1H Sub-total | 4,413,209 | 3,054,349 | n/a | 44.5% |
| July | 853,476 | 900,452 | 9.0% | -5.2% |
| August | 988,500 | 1,129,973 | 15.8% | -12.5% |
| September | 934,016 | 1,225,048 | -5.5% | -23.8% |
| Q3 Sub-total | 2,775,992 | 3,255,473 | 10.8% | -14.7% |
| October | 706,898 | 894,236 | -24.3% | -21.0% |
| November | 711,791 | 905,030 | 0.7% | -21.4% |
| December | 804,421 | 832,167 | 13.0% | -3.3% |
| Q4 Sub-total | 2,223,110 | 2,631,433 | -19.9% | -15.5% |
| 2H Sub-total | 4,999,102 | 5,886,906 | n/a | -15.1% |
| Total | 9,412,311 | 8,941,255 | n/a | 5.3% |
| Month | This Year | Last Year | MoM / QoQ | YoY |
|---|---|---|---|---|
| January | 428,415 | 673,614 | -26.3% | -36.4% |
| February | 104,551 | 610,490 | -75.6% | -82.9% |
| March | 625,133 | 925,863 | 497.9% | -32.5% |
| Q1 Sub-total | 1,158,099 | 2,209,967 | -50.7% | -47.6% |
| April | 731,866 | 855,767 | 17.1% | -14.5% |
| May | 536,607 | 819,517 | -26.7% | -34.5% |
| June | 627,777 | 805,328 | 17.0% | -22.1% |
| Q2 Sub-total | 1,896,250 | 2,480,612 | 63.7% | -23.6% |
| 1H Sub-total | 3,054,349 | 4,690,579 | n/a | -34.9% |
| July | 900,452 | 924,787 | 43.4% | -2.6% |
| August | 1,129,973 | 1,214,444 | 25.5% | -7.0% |
| September | 1,225,048 | 1,349,821 | 8.4% | -9.2% |
| Q3 Sub-total | 3,255,473 | 3,489,052 | 71.7% | -6.7% |
| October | 894,236 | 995,256 | -27.0% | -10.2% |
| November | 905,030 | 773,906 | 1.2% | 16.9% |
| December | 832,167 | 581,581 | -8.1% | 43.1% |
| Q4 Sub-total | 2,631,433 | 2,350,743 | -19.2% | 11.9% |
| 2H Sub-total | 5,886,906 | 5,839,795 | n/a | 0.8% |
| Total | 8,941,255 | 10,530,374 | n/a | -15.1% |
Quarterly Results
| 2024 | Q1 | Q2 | Q3 | Q4 & Fiscal Year |
|---|---|---|---|---|
| Financial Statements | ||||
| Financial Highlights |
| 2023 | Q1 | Q2 | Q3 | Q4 & Fiscal Year |
|---|---|---|---|---|
| Financial Statements | ||||
| Financial Highlights |
| 2022 | Q1 | Q2 | Q3 | Q4 & Fiscal Year |
|---|---|---|---|---|
| Financial Statements | ||||
| Financial Highlights |
| 2021 | Q1 | Q2 | Q3 | Q4 & Fiscal Year |
|---|---|---|---|---|
| Financial Statements | ||||
| Financial Highlights |
| 2020 | Q1 | Q2 | Q3 | Q4 & Fiscal Year |
|---|---|---|---|---|
| Financial Statements | ||||
| Financial Highlights |
Corporate Governance
EASTECH is committed to maintaining a high standard of ethics and corporate governance. This is an important requisite for steady growth as a trusted and respected business enterprise and thus enhances the interests of all shareholders.
We are mindful of the principles of regular, effective and fair disclosure. Information on all material events is disseminated to the public shareholders in a timely and accurate manner via the Market Observation Post System ("M.O.P.S") of the Taiwan Stock Exchange. In communicating with shareholders, Eastech has taken initiatives that include, but are not limited to:
| Publishing public financials on a quarterly basis on the M.O.P.S. |
| Holding investor conferences to update the public and shareholders on the performance and development of the EASTECH Group. |
| Ensuring timely and accurate announcements that are in line with the disclosure obligations stipulated in the Listing Rules of the Taiwan Stock Exchange, and posting relevant information on the company's website. |
Board of Directors
Who we are and how we are making a difference:
| Chairman | |
|---|---|
| Name | Liou Jeng-Lin |
| Year of Joining | 1983 |
| Education Background | MBA & MS, Electrical Engineering, University of Southern California, USA |
| Business Experience and Qualifications | Senior engineering advisor of Xerox, USA Senior engineering advisor of IBM, USA Near 40 years of experience in Acoustic Industry |
| Director / President | |
|---|---|
| Name | Pai Chin-Chang |
| Year of Joining | 1985 |
| Education Background | MBA, Senior Management Officer HK International Business College |
| Business Experience and Qualifications | Near 40 years of experience in Acoustic Industry |
| Director | |
|---|---|
| Name | Chang Tung-I |
| Year of Joining | 2000 |
| Education Background | MBA, California State University, USA |
| Business Experience and Qualifications | Executive VP, Kuo-Bin Ceramic Chairman, Eastech Innovations (TW) Inc. |
| Director | |
|---|---|
| Name | Teng Chiou-Shiang |
| Year of Joining | 1992 |
| Education Background | Bachelor of Department of Economics, Fu Jen Catholic University |
| Business Experience and Qualifications | 20 years of HR experience |
| Independent Director | |
|---|---|
| Name | Chang Shan-Juh |
| Year of Joining | 2011 |
| Education Background | MBA, Electrical Engineering, University of Southern California, USA |
| Business Experience and Qualifications | Personnel Directors, Tatung University Lecturer, Department of Electrical Engineering, Tatung University |
| Independent Director | |
|---|---|
| Name | Jeng Shih-Rong |
| Year of Joining | 2020 |
| Education Background | Bachelor of Department of Law, National Chung Hsing University |
| Business Experience and Qualifications | Chief Secretary of the Internal Administration Committee, Foreign and National Defense Committee of Legislative Yuan, Republic of China(Taiwan) |
| Independent Director | |
|---|---|
| Name | Su Yi-Jen |
| Year of Joining | 2023 |
| Education Background |
MBA from University of San Francisco, USA |
| Business Experience and Qualifications | CEO of Chunghwa Satellite Communication Systems Co., Ltd. EMBA Adjunct Assistant Professor of Chang Jung Christian University |
Management Team
|
Vice President of Systems + Headphones & Wearable Devices BU |
|
|---|---|
| Name | Calvin Chan |
| Year of Joining | 2017 |
| Education Background | Bachelor of Mechanical and Automation Engineering, The Chinese University of HK |
| Business Experience and Qualifications | Nearly 20 years of business experience in the consumer electronics market. Served as engineering manager, project management and business development respectively |
|
Chief Technology Officer / Vice President of High End Business Unit |
|
|---|---|
| Name | Khengwee Lee |
| Year of Joining | 2016 |
| Education Background | Diploma in electronics & communication engineering, The Singapore Polytechnic |
| Business Experience and Qualifications | Near 35 years of R&D experience in Audio system products design and development. Joined with Philips group in 1991, ever designed and developed the world’s first Soundbar and subsequently, also led the team to develop the world’s first Dolby Atmos Soundbar. |
| Chief Financial Officer | |
|---|---|
| Name | Polline Lam |
| Year of Joining | 2002 |
| Education Background | Master of Finance, The Chinese University of HK |
| Business Experience and Qualifications |
Fellow member of Association of Chartered Certified Accountants, UK Associate member of HK Institute of Certified Public Accountants Auditor, Arthur Andersen CPA |
| Audit Officer | |
|---|---|
| Name | Kevin Ko |
| Year of Joining | 2020 |
| Education Background | Executive Master of Business Administration in International Finance, The National Taipei University |
| Business Experience and Qualifications |
Senior Financial Manager of Synmosa Biopharma Corporation Manager of CTBC Securities Co., Ltd. Assistant Manager of Yuanta Securities Co., Ltd. |
| Information Security Officer | |
|---|---|
| Name | Jimmy Chen |
| Year of Joining | 2005 |
| Education Background |
Bachelor of Department of Information Science, The Soochow University |
| Business Experience and Qualifications |
Near 20 years of IS experience |
Audit Committee
The Audit Committee is comprised of three Independent Directors:
| Chairman |
|---|
|
Su Yi-Jen Independent Director |
| Member |
|---|
|
Chang Shan-Juh Independent Director |
| Member |
|---|
|
Jeng Shih-Rong Independent Director |
The Audit Committee performs the following functions:
- adoption or amendment of an internal control system;
- assessment of the effectiveness of the internal control system;
- adoption of or amendment to handling procedures for financial or operational actions of material significance, such as acquisition or disposal of assets, derivatives trading, monetary loans to others, or endorsements or guarantees for others;
- a matter bearing on the personal interest of a Director;
- a transaction related to material asset or derivatives;
- a material monetary loan, endorsement, or provision of guarantee;
- the offering, issuance, or private placement of any equity-type securities;
- the engagement or dismissal of an attesting chartered public accountant, or the compensation given thereto;
- the appointment or discharge of a financial, accounting, or internal auditing officer; and
- annual and semi-annual financial reports.
The Committee may resolve to retain the services of an attorney, certified public accountant, or other professionals to provide advice with respect to matters of its function. The costs of such services shall be borne by the Company.
Remuneration Committee
The Remuneration Committee is comprised of three independent directors:
| Chairman |
|---|
|
Chang Shan-Juh Independent Director |
| Member |
|---|
|
Jeng Shih-Rong Independent Director |
| Member |
|---|
|
Su, Yi-Jen Independent Director |
The Remuneration Committee performs the following functions:
- establish policies, systems, standards and structure of the performance evaluation and Remunerations of the Directors and officers of the Company, and to review the above periodically;
- periodically evaluate and propose the remunerations of the Directors and officers of the Company; and
- other matters as required by Applicable Listing Rules.
The Committee shall follow the principles detailed below when performing its functions
- It shall refer to typical pay levels adopted by peer companies and take into consideration the reasonableness of the correlation between remuneration and individual performance, and the Group's business performance and future risk exposure, when assessing performance and remuneration of Directors and managerial Officers of the Group;
- It shall not produce an incentive for the Directors or managerial Officers to engage in activity to pursue remuneration exceeding the risks that the Company may tolerate; and
- It shall take into consideration the characteristics of the industry and the nature of the Group's business when determining the ratio of bonus payout based on the performance of its Directors and senior management and the time for payment of the variable part of any remuneration.
The Committee may by resolution, at the cost of the Company, engage an attorney, certified public accountant, or other professionals to conduct a necessary audit or provide advice with respect to any matter related to the exercising of the Committee's powers.
Internal Audit
EASTECH has adopted adequate internal controls and has established risk management mechanisms to monitor risk-bearing capacity and to determine compliance with risk response strategies and risk management procedures. The objectives of the internal controls are to safeguard the Group's assets, shareholders' interests and to achieve the following :
- effectiveness and efficiency of operations;
- reliability of financial reporting; and
- compliance with applicable laws and regulations.
EASTECH has an internal audit unit to assist the Board of Directors and managers in inspecting and reviewing defects in the internal control systems as well as measuring operational effectiveness of the systems and to provide a basis for review and correction.
The internal audit unit formulates an annual audit plan based on the results of its risk assessment. The annual internal audit plan and any amendments thereto have to be passed by the Audit Committee and Board of Directors. The Chief Audit Officer reports directly and regularly to the Audit Committee. The internal audit unit has appointed qualified persons in an appropriate number to ensure that the internal audit function is adequately resourced and has appropriate standing within the Group.